Class Action Lawsuit Filed Against Match Group, Inc. - Important Investor Information

Shareholder Alert: Class Action Lawsuit Against Match Group, Inc.

On January 8, 2025, Pomerantz LLP announced that a significant class action lawsuit has been initiated against Match Group, Inc. (NASDAQ: MTCH). Shareholders who are experiencing losses from their investments in Match are encouraged to seek guidance and determine their eligibility to participate in this legal action.

This lawsuit raises critical allegations regarding potential securities fraud and other unlawful business practices by Match and its executives. Investors are particularly urged to contact attorney Danielle Peyton at Pomerantz for more specifics on how to join the class. Interested parties can reach out by calling 646-581-9980 or emailing [email protected] It is advisable to include personal contact information and the number of shares acquired in the email for a quicker response.

One significant detail emerging from this issue occurred on November 6, 2024, when Match Group released its Q3 2024 shareholder letter. It revealed a disappointing trend regarding Tinder, a key brand under Match's umbrella, as it reported a 9% year-on-year decline in monthly active users. This consistent decrease, matching Q2’s decline, fell short of market expectations for recovery. Following this announcement, Match's stock suffered a dramatic loss of $6.77, registering a 17.8% drop, which struck a closing price of $31.11 on November 7, 2024.

Investors have until January 24, 2025, to file motions to be appointed Lead Plaintiff in this ongoing class action, making this an urgent matter for those affected. Copies of the formal complaint and further details about the case are available on Pomerantz's website at Pomerantz Law.

Pomerantz LLP holds a prestigious position in the field of corporate litigation, particularly regarding securities and antitrust cases. With over 85 years of experience, the firm has built a solid reputation for advocating on behalf of victims of securities fraud. Led by the late Abraham L. Pomerantz, the firm has been instrumental in shaping the landscape of securities class actions and continues this legacy diligently.

In summary, if you are a shareholder of Match Group who has purchased securities during the relevant period, your participation is vital in this class action. Shareholders are encouraged to act decisively and reach out to Pomerantz Law Firm to protect their rights and seek potential recovery of losses. For more information, don’t hesitate to contact them directly.

_This article serves as a notification regarding the ongoing legal processes concerning Match Group, Inc. Potential plaintiffs are reminded that previous case results do not guarantee similar outcomes. Always consult a legal professional for advice specific to your individual situation._