Legal

Tinder Agrees to Settle Age Discrimination Lawsuit for $17 Million

Legal
  • Contributed by:
  • Views: 82

Tinder has agreed to pay $17 million in a settlement resulting from a class-action lawsuit accusing the popular dating app company of age discrimination. The lawsuit alleged that Tinder charged users who were 30 years old and older more money for the same services, a move that caused the company to come under fire when the pricing structure was first announced.

As a result of the settlement, Tinder also agreed to stop charging people different prices based on their ages, but only in California where the lawsuit was filed.

Tinder’s premium service offers members additional features separate from the free version of the app, like the chance to “rewind” previously passed-on matches, to match with people in different countries while traveling, and the ability to “Super Like” matches in an effort to get their attention. Tinder was criticized when it charged a $9.99 monthly fee for users under 29 and $19.99 for users 30 and up for access to these premium features.

IAC Sues Tinder Co-Founder Sean Rad, Seeks $250 Million In Damages

Legal
  • Contributed by:
  • Views: 78

The online dating wars just got uglier. Match Group and its owner, IAC/InterActiveCorp, have filed a lawsuit accusing Tinder co-founder and former CEO Sean Rad of stealing company files and other proprietary information. The lawsuit claims at least $250 million in damages.

The last few years have been tumultuous for Rad and Tinder. After Whitney Wolfe Herd, a fellow co-founder of Tinder, filed a sexual harassment lawsuit against the company in 2014, Rad stepped down as CEO. Herd went on to found Bumble. Rad returned as CEO of Tinder six months after vacating the position. He stepped aside as CEO for good to become Tinder's chairman in 2016.

In August 2018, a group of current and former Tinder employees, including Rad, filed a lawsuit against IAC. The suit alleges that IAC intentionally undervalued Tinder to reduce the value of stock options held by early employees and founders. “Through deception, bullying, and outright lies, IAC/Match stole billions of dollars from the Tinder employees,” the lawsuit reads. “IAC/Match cooked the books to manufacture a fake lowball valuation of Tinder.” The plaintiffs are seeking at least $2 billion in damages.

Judge Rules Tinder's Swiping Interface Is Eligible For Patenting

Legal
  • Contributed by:
  • Views: 107

Tinder and Bumble have spent most of 2018 embroiled in a fierce legal battle over patent infringement, misuse of intellectual property and theft of trade secrets. At the center of the dispute is the swiping mechanism that has become a ubiquitous feature of modern dating. In March, Tinder’s parent company Match Group filed a lawsuit alleging that Bumble “copied Tinder’s world-changing, card-swipe-based, mutual opt-in premise.” Bumble responded with an aggressive countersuit asserting that the swiping interface is not an original notion worthy of patent protection.

After attempts to settle privately failed, the dispute headed to court and the first big ruling has been handed out.

Judge Alan Albright of the U.S. District Court for the Western District of Texas denied Bumble's claim that the Match Group patents in question are ineligible for patenting under Section 101 of the Patent Act.

Tinder Fires Employees Involved in Lawsuit Against Match Group

Legal
  • Contributed by:
  • Views: 117

Tinder has fired a group of employees who brought a lawsuit against parent company Match Group and its controlling shareholder IAC, according to website The Verge who broke the story. Tinder did not reveal how many people were fired, but former communications VP Rosette Pambakian was notably among them.

Tinder employees who brought the lawsuit against Match Group alleged that the company had manipulated financial data in order to lower the company’s valuation, forcing former co-founder and CEO Sean Rad among others to accept less money than they claim their shares were worth.

In addition, the lawsuit includes Pambakian’s allegation that former CEO Greg Blatt also sexually harassed her at a company holiday party.

Emails Indicate that Facebook Secretly Shared Personal Data with Dating Services and Others

Legal
  • Contributed by:
  • Views: 126

Facebook has reportedly given personal data of its users to an exclusive roster of preferred companies such as AirBnB, Netflix and Lyft, even after claiming it had limited this data-sharing practice. One of the companies Facebook shared information with was dating service Badoo.

According to The Daily Beast, the British Parliament released 250 pages of documents, including internal communications between Facebook employees, regarding the secret data sharing practice. This potential scandal comes in the wake of Facebook’s launch of a new dating platform. Critics have been skeptical of whether or not people will feel comfortable joining in light of the privacy issues, and the latest news doesn’t look good for Facebook.

Facebook changed its data sharing practices with third party apps back in 2014 to restrict access, which affected many small app development companies like Six4Three that mined Facebook user data. The developer claimed in a lawsuit against Facebook that the social media giant favored lucrative companies and was willing to share data with them.

Match Group Stock Falls Despite Tinder Revenue Growth

Legal
  • Contributed by:
  • Views: 200

Match Group stock fell 10% 2 weeks ago in response to falling short of analysts’ Q4 goals, which were released along with their third quarter earnings reports.

Match Group reported revenue of $444 million, topping analyst estimates of $437 million for quarter 3. This is an increase of 29% when compared to quarter 3 of 2017 ($343 million). Match said it expects revenue of $1.72 billion for the year. But despite the growth and positive news, it was the projections for the last quarter which caused the dip in confidence from Wall Street. Analysts projected $454.5 million in Q4, while Match Group estimates it will only reach between $440 and $450 million.

Match Group lowered its estimates because of its higher-than-anticipated spending for Tinder and its other dating apps. Marketing costs are expected to rise 20% for Tinder and other brands like Hinge.