#United States #New York #Class Action #Match Group #Pomerantz LLP

Pomerantz Law Firm Issues Alert to Match Group Investors

Investors in Match Group, Inc., the parent company of popular dating app Tinder, should be aware of significant developments pertaining to a class action lawsuit. The Pomerantz Law Firm has formally announced that a lawsuit has been filed against Match Group, trading on NASDAQ under the ticker MTCH. Following news of disappointing user growth in Tinder, the firm is urging affected shareholders to take action before crucial deadlines.

Details of the Lawsuit

According to Pomerantz LLP, the suit alleges that Match Group and certain executives have engaged in unlawful business practices, potentially including securities fraud. This class action centers around the time when shareholders acquired Match Group securities, raising serious questions about the integrity of information that was shared with investors.

Investors who have observed losses on their investments with Match Group are encouraged to contact Pomerantz. Shareholders who wish to play an active role in these proceedings should reach out to Danielle Peyton via email or phone. Interested shareholders should provide their contact information along with pertinent details about their shares.

Background Context: The Decline in Users

On November 6, 2024, Match Group made headlines when it disclosed a significant decline in the monthly active users of Tinder, revealing a 9% year-over-year decrease for the third quarter of 2024, consistent with a similar decline in the previous quarter. This announcement shocked investors and was seen as a clear indication of the company's slipping performance.

In response to this grim news, Match Group's stock price took a nosedive, plunging by nearly 18% in a single day. The share price decreased by $6.77, driving down to $31.11 by the market's close on November 7, 2024. Investors are now calling into question the company's strategies and management decisions as they look for a pathway to recover their losses.

How to Join the Lawsuit

If you are a shareholder who purchased or acquired Match securities during the class period, you have until January 24, 2025, to act if you wish to be appointed as a Lead Plaintiff in the ongoing legal proceedings. Interested parties can obtain a copy of the complaint and further instruction from the Pomerantz Law Firm's website.

Pomerantz has a long-standing reputation for fighting for the rights of investors impacted by corporate malpractice. Established over 85 years ago by Abraham L. Pomerantz, this firm has recovered billions for victims of securities fraud and corporate negligence.

Take Action Now

In conclusion, Match Group investors who are concerned about the implications of this lawsuit should closely monitor upcoming deadlines and consider their options for participation in this significant class action. Shareholders need to act swiftly to ensure they are represented in this legal fight.

For those looking for more information on how to proceed, detailed resources and contact information are available through Pomerantz's official channels. Don’t miss the opportunity to reclaim your investments.

Contact Information:

• - Email: [email protected]
• - Phone: 646-581-9980 Ext. 7980