Match Group, Inc.
Company Name | Match Group, Inc. |
Stock Symbol | MTCH |
Class Period | August 06, 2019 to September 25, 2019 |
Lead Plaintiff Motion Deadline | December 02, 2019 |
On September 25, 2019, The Federal Trade Commission (“FTC”) announced that it had sued Match.com for, among other things, using artificial love interest ads to deceive consumers into buying or upgrading subscriptions, failing to resolve disputed charges, and intentionally making it difficult to cancel subscriptions.
On this news, the Company’s share price fell $1.39 per share, or nearly 2%, to close at $71.44 per share on September 25, 2019, thereby injuring investors.
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