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A comment on Tinder founders sue parent companies Match and IAC for at least $2B.

Re:Tinder founders sue parent companies Match and IAC for at... by geofft on Tuesday August 14, 2018 @04:56PM (#17761811)
In 2014, former Tinder VP Whitney Wolfe, who previously had a "cofounder" title (and would later go on to found Bumble), sued IAC and Match over sexual harassment from another Tinder "cofounder" Justin Mateen, who is one of the plaintiffs in this lawsuit. (I put "cofounder" in quotation marks because it was an internal project at IAC and the history is a complicated.) Mateen was suspended and the lawsuit was settled for $1M.

https://www.washingtonpost.com/news/the-switch/wp/2014/07/01...

https://techcrunch.com/2014/07/09/whitney-wolfe-vs-tinder/

http://valleywag.gawker.com/every-fucked-up-text-from-the-ti...

Earlier this year Match and Bumble both sued each other in the midst of an attempt from Match to acquire Bumble. I am a little lost but I think Match / Tinder sued for $450M for patent infringement and Bumble countersued for $400M for using the lawsuit to make them look less attractive to potential (non-Match) acquirers?

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Re:Tinder founders sue parent companies Match and IAC for at... by spaceflunky on Wednesday August 15, 2018 @03:19AM (#17764257)
Does anyone else find poetic justice in the fact that all these dating apps have hilariously dramatic business relationships that aren't working out?
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Re:Tinder founders sue parent companies Match and IAC for at... by jononor on Wednesday August 15, 2018 @12:37PM (#17767385)
What do you mean not working out? Millions of dollars have been gained by many employees, and many millions added to company valuations. That is all winning the lottery in my book.
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Re:Tinder founders sue parent companies Match and IAC for at... by jessaustin on Tuesday August 14, 2018 @06:34PM (#17762503)
Match might have to find a model besides "buy the latest popular matchmaking firm"?
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Re:Tinder founders sue parent companies Match and IAC for at... by shanghaiaway on Tuesday August 14, 2018 @06:42PM (#17762546)
Why?
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Re:Tinder founders sue parent companies Match and IAC for at... by jessaustin on Tuesday August 14, 2018 @06:51PM (#17762592)
If they consistently screw over everybody else in the deal, people won't want to deal with them.
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Re:Tinder founders sue parent companies Match and IAC for at... by pm90 on Tuesday August 14, 2018 @06:59PM (#17762641)
Hasn’t stopped them from dominating the market so far.

But I do believe they’re a shady company though.

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Re:Tinder founders sue parent companies Match and IAC for at... by modells on Tuesday August 14, 2018 @08:52PM (#17763108)
Hubris before the fall.
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Re:Tinder founders sue parent companies Match and IAC for at... by fatjokes on Tuesday August 14, 2018 @07:37PM (#17762805)
IIRC, they own one of the few online dating sites that actually generates a profit: match.com. All of their other properties, particularly Tinder and OkCupid, are basically meant to get younger people hooked so that they will eventually convert to paying for Match.com.
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Re:Tinder founders sue parent companies Match and IAC for at... by guildenstern on Tuesday August 14, 2018 @07:58PM (#17762904)
This is absolutely untrue. There are many very profitable dating sites and apps. Tinder is a fantastic example of a dating app making money hand over fist since they began monetising, their revenue is in the hundreds of millions per quarter. Tinder is projected to be half of all Match groups revenue this year.
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Re:Tinder founders sue parent companies Match and IAC for at... by doh on Tuesday August 14, 2018 @09:52PM (#17763265)
You mean the Tidner that will make $800M in revenue [0] this year?

[0] https://www.recode.net/2018/8/8/17662746/tinder-revenue-matc...

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Re:Tinder founders sue parent companies Match and IAC for at... by modells on Tuesday August 14, 2018 @08:52PM (#17763104)
OkCupid started as a free, alternative, non-traditional dating site based on a full-spectrum of interests compatibility. Unfortunately, post-acquisition, it’s becoming yet another Tinder/Match pics-first shallow hookup site.
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Re:Tinder founders sue parent companies Match and IAC for at... by beaner on Tuesday August 14, 2018 @09:34PM (#17763219)
OkCupid began monetizing before being acquired and that's part of what made them attractive.
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Re:Tinder founders sue parent companies Match and IAC for at... by krn on Wednesday August 15, 2018 @04:57AM (#17764598)
OkCupid sounds exactly like PlentyOfFish, also acquired by The Match Group.
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