Latest News by Industry
BENSALEM, Pa.--(BUSINESS WIRE)--Nov 15, 2024--
Law Offices of Howard G. Smith announces an investigation on behalf of Match Group, Inc. (“Match” or the “Company”) (NASDAQ: MTCH ) investors concerning the Company’s possible violations of federal securities laws.
On November 6, 2024, Match released its third quarter 2024 financial results, revealing Tinder Direct revenue coming in below expectations “driven by the under delivery of certain optimizations.” Specifically, the Company stated that certain initiatives rolled out in the third quarter “were well received by users but more cannibalistic to subscription revenue than expected” and impacted subscription revenue and will likely also have an impact on fourth quarter revenue.
On this news, Match’s stock price fell $6.77, or 17.8%, to close at $31.11 per share on November 7, 2024, thereby injuring investors.
If you purchased Match securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20241115792996/en/
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2024.
PUB: 11/15/2024 02:45 PM/DISC: 11/15/2024 02:46 PM
http://www.businesswire.com/news/home/20241115792996/en