Money

Tinder founders say former CEO 'groped and sexually harassed' an executive at a company party in bombshell $2 billion lawsuit

11 monthes ago   |   By

Andrew Burton/Getty Images
Included in a jaw-dropping lawsuit brought by Tinder's founders against its parent company IAC are allegations of sexual misconduct against its former CEO.
The lawsuit alleges that former Tinder CEO and IAC chairman Greg Blatt "groped and sexually harassed" vice president of marketing Rosette Pambakian, and, after the incident was reported, the parent company conducted an internal investigation, not the independent one that former cofounder and CEO Sean Rad was pushing for.
Although Blatt was replaced as CEO in January by Mandy Ginsberg, a source tells Business...
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Tinder's parent company allegedly faked financial information to lower the dating app's valuation, according to a new lawsuit

Tinder's parent company allegedly faked financial information to lower the dating app's valuation, according to a new lawsuit

11 monthes ago   |   By

Noam Galai/Getty
Tinder's cofounders and executives are suing parent company IAC and Match Group over allegations that the parent company cooked the books to create a lower valuation for the popular dating app.
IAC and Match allegedly inflated Tinder's expenses and downplayed new features in an effort to create a "false picture" of Tinder's finances.
This led to a private valuation of $3 billion 2017, according to the lawsuit.
The end goal was to save the parent company billions of dollars when employees cashed-in their equity, by maintaining an inaccurately low valuation for the dating...
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Tinder's founders are suing Match Group and IAC saying they've been ripped off - and they're seeking at least $2 billion in damages

Tinder's founders are suing Match Group and IAC saying they've been ripped off - and they're seeking at least $2 billion in damages

11 monthes ago   |   By

A group of early Tinder employees, including cofounders Sean Rad and Jonathan Badeen, announced on Tuesday that they filed a lawsuit against InterActiveCorp and Match Group, the owners of Tinder.
They're alleging that IAC undervalued Tinder, and used a lowball valuation based on false information to reduce the value of stock options that early employees and founders held. See the rest of the story at Business Insider NOW WATCH: We used a headset that transforms your brain activity into a light display - here's how it works See Also: Here is Michael Jordan's 56,000-square foot house in...
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