Faruqi & Faruqi, LLP Securities Litigation Partners James (Josh) Wilson Urges Investors Suffering Losses Over $50,000 In Match To Contact Him Directly To Discuss Their Options

If you suffer losses in excess of $50,000 in two between May 2, 2023 and November 6, 2024 and want to discuss your legal rights, call a Faruqi & Faruqi partner Josh Wilson direct on 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, New York–(Newsfile Corp. – January 11, 2025) – 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 to seek the role of lead plaintiff in a federal securities class action filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm 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 The Group has materially mitigated the challenges affecting Tinder and, as a result, mitigated the risk that Tinder’s monthly active user count will not be recovered by the time the Company reports its financial results for third quarter of 2024; and (2) as a result, the defendants’ statements about Match Group’s business, operations, and prospects were materially false and misleading and/or without a reasonable basis at all relevant times.

On November 7, 2024, Investopedia published an article titled “Match Group Stock Slips as Fourth Quarter Outlook Disappoints.” This article states that “(s)hare at online dating giant Match Group collapsed Thursday morning despite a third-quarter earnings beat released after the bell on Wednesday. (. Monthly actives users (MAU) of the app fell 9% from the same period last year and its revenue per payer (RPP) increased more than expected Several new features tested by Tinder users in the quarter negatively affected in subscription revenue, which the company said is likely to have an impact on fourth-quarter earnings as well.”

On this news, Match Group’s stock price fell 17.8% to close at $31.11 per share on November 7, 2024.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is substantially and generally among the class members managing and managing the litigation on behalf of the purported class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain a non-class member. Your ability to share in any recovery is not affected by the decision to serve as lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information about Match’s conduct to contact the company, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement 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 particular case. All communications will be treated confidentially.

To view the original version of this press release, please visit https://www.newsfilecorp.com/release/236728