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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Over $50,000 Per Game To Contact Him Directly To Discuss Their Options.
If you have a loss of more than $50,000 in Combine between 2 May 2023 and 6 November 2024 and wish to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson live to 877-247-4292 or 212-983-9330 (Ext. 1310).
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New York, New York–(Newsfile Corp. – December 22, 2024) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Match Group (NASDAQ :), Inc. (“Match” or “Company”) (NASDAQ: MTCH) and reminds investors of January 24, 2025 deadline seeking the role of lead plaintiff in a federal class action against the Company.
Faruqi & Faruqi is a leading national security law firm with offices in New York, Pennsylvania, California and Georgia. The firm has raised hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As described below, the complaint alleges that the Company and its directors violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Match Group e downplayed the problems affecting Tinder and, as a result, understated the risk that Tinder’s monthly user base will not recover by the time the Company reports its financial results for the third quarter of 2024; and (2) as a result, the defendants’ statements about Match Group’s business, operations, and prospects were false and misleading and/or had no reasonable basis at all relevant times.
On November 7, 2024, Investopedia published an article titled “Match Group Stock Slips as Fourth Quarter Outlook Disappoints.” The article said that “(shares) of the Internet group fell on Thursday morning despite the third quarter earnings released after the bell on Wednesday. The monthly app users active units (MAUs) fell 9% from the same period last year and its revenue per payer (RPP) grew less than expected as subscription revenue and ammen, which the company said will also have an impact on fourth-quarter earnings.”
In this news, the price of Match Group stock fell by 17.8% to close at $31.11 per share on November 7, 2024.
The lead plaintiff appointed by the court is the investor with the greatest financial interest in the relief sought by a reasonable and common class of class members conducting and overseeing the case on behalf of the putative class. Any member of the arbitration panel may have the Court act as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent panel member. Your ability to participate in any recovery is not affected by the decision to serve as the lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information about Match’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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To view the source version of this release, please visit https://www.newsfilecorp.com/release/234397
