The plaintiffs are represented by Orin Snyder of Gibson Dunn, who has represented some of the biggest companies in tech, including Facebook, Apple and Uber. Four of the plaintiffs, who still work at Tinder, were put on paid administrative leave by the company on Tuesday, according to a source familiar with the matter. The dispute centers on an analysis of Tinder done in by Wall Street banks to set a value for stock options received by Sean Rad , a Tinder co-founder, and other early employees. IAC issued a statement calling the suit "meritless" and saying it would "vigorously defend" itself against it. The statement said that Rad and other former executives who left the company a year or more ago "may not like the fact that Tinder has experienced enormous success following their respective departures, but sour grapes alone do not a lawsuit make. The suit charges that executives with Match and IAC deliberately manipulated the data given to the banks, overestimating expenses and underestimating potential revenue growth, in order to keep the valuation artificially low.
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Tinder co-founders and 8 others sue dating app's owners, claiming they're owed $2 billion
There are so many dating apps to choose from, how do you know which one to use? Here's a quick and dirty guide to the most popular ones. The age-old saying traditionally applies to dating , but it can also apply to dating apps. With so many dating sites and apps available today, where does one even start?
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