The Tinder lawsuit is going to get nasty

www.theverge.com

My colleague Ashley Carman has new details on the latest Tinder co-founder lawsuit:

Meanwhile, a source close to Tinder says that Rad actually sold a great deal of stock following the merger between Tinder and Match Group, and suggested that the co-founder didn’t have much faith in the future of the dating app and that Match’s valuation was accurate. According to SEC filings, Rad exercised about half of his stock options in Match on August 4th and 6th, which Match repurchased for a net pay out of $94,413,552.06 based on a closing price of $18.89 per share. His other half was exercised on August 9th and he received net 816,805 shares of IAC stock.

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