Faruqi & Faruqi Securities LLP partner James (Josh) Wilson encourages investors who have suffered losses exceeding $50,000 in a match to contact him directly to discuss their options.
If you suffer losses exceeding $50,000 match Between May 2, 2023 and November 6, 2024 If you would like to discuss your legal rights, contact Farooqui & Farooqui Partner Josh Wilson live in 877-247-4292 or 212-983-9330 (ext. 1310).
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New York, New York–(Newsfile Corp. – December 22, 2024) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Match Group (NASDAQ:), Inc. (“Match” or the “Company”) (NASDAQ: MTCH) and reminds investors of January 24, 2025 deadline For the role of lead plaintiff in a federal securities class action lawsuit filed against the Company.
Farooqui & Farooqui is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The company has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Match Group materially understated challenges affecting Tinder; As a result, it downplayed the risk that Tinder's monthly active user count may not recover by the time the company reports its third-quarter 2024 financial results; and (2) as a result, Defendants' statements about Match Group's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On November 7, 2024, Investopedia published an article titled “Match Group Shares Slip on Disappointing Q4 Outlook.” “(Shares of) online dating giant Match Group fell Thursday morning despite third-quarter earnings released after the bell on Wednesday. (…) Match said Tinder Direct's revenues fell short of its own expectations,” the article said. The app's monthly active users (MAUs) were down 9% compared to the same time last year, its revenue per payer (RPP) increased less than expected, and some new features tested with Tinder users in the quarter negatively impacted subscription revenue This is what the company said It will also likely have an impact on fourth-quarter revenue.”
On this news, Match Group's stock price fell 17.8% to close at $31.11 per share on November 7, 2024.
A court-appointed lead plaintiff is the investor with the greatest financial interest in the relief sought by the class and is appropriate and typical for members of the class who direct and oversee litigation on behalf of the putative class. Any member of the putative class may ask the court to serve as lead plaintiff through counsel of their choice, or they may choose to do nothing and remain an absent member of the class. Your ability to participate in any recovery is not affected by the decision whether or not to serve as lead plaintiff.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Match's conduct to contact the company, including whistleblowers, former employees, shareholders and others.
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Lawyer advertisement. The law firm responsible for this announcement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Past results do not guarantee or predict a similar result with respect to any future matter. We welcome the opportunity to discuss your specific case. All communications will be treated confidentially.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234397
