Farooqui & Farooqui, LLP Securities Litigation Partner James (Josh) Wilson encourages investors who have suffered more than $50,000 in match losses to contact them directly to discuss their options.
If you have a loss of more than $50,000 the match Between May 2, 2023 and November 6, 2024 And want to discuss your legal rights, call Farooqui & Farooqui Associates Josh Wilson straight on the 877-247-4292 or 212-983-9330 (ext. 1310).
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NEW YORK, NY–(Newsfile Corporation – January 5, 2025) – Farooqui & Farooqui, LLP, a leading national securities law firm, has acquired Match Group (NASDAQ:), Inc. (“Match” or the “Company”) (NASDAQ: MTCH) and reminds investors January 24, 2025 deadline to seek the role of lead plaintiff in a federal securities class action filed against the Company.
Farooki & Farooki 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. Check out 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: (1) matches; The group materially underestimated the challenges affecting Tinder and, as a result, downplayed the risk that Tinder’s monthly active user numbers would not recover by the time the company reports its financial results for the third quarter. was 2024; and (2) as a result, Defendants’ statements about Match Group’s business, operations, and prospects were materially false and misleading and/or lacked adequate basis at any time.
On November 7, 2024, Investopedia published an article titled “Group Stock Slips as Fourth Quarter Outlook Disappoints”. This article states that “[s]Despite a third-quarter earnings beat that continued after the bell on Wednesday, online dating giant Match Group’s bunnies broke on Thursday morning. [. . .] Match said Tinder Direct revenue came in short of its own expectations, as the app’s monthly active users (MAUs) fell 9% from the same period last year and its revenue per payer (RPP) grew less than expected. Some new features tested with Tinder users in the quarter negatively impacted subscription revenue, which the company said will also impact fourth-quarter revenue.”
On this news, Match Group 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 that is relevant and specific to the class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class can move the court through an attorney of their choice to serve as lead plaintiff, or choose to do nothing and remain an absent class member. Your ability to participate in any recovery is not affected by the decision whether or not to serve as lead plaintiff.
Farooqui & Farooqui, LLP encourages anyone with information about match conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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