When Match Group released its latest earnings this week, its CEO, Spencer Rascoff, boasted that Hinge, one of its flagship dating apps, was “crushing it,” with growth accelerating despite reports that young users are breaking up with dating apps. Revenue was up 25% compared with the same quarter the prior year, and users had flocked to the site. Previously languishing Tinder was also showing signs of a turnaround. Match’s stock popped 12% that day.
But the day before that earnings call, a Match Group shareholder named Ned Habedus filed a lawsuit against the company’s board of directors, including Rascoff and former CEO Bernard Kim, that raises questions about the company’s leadership and the board’s priorities in the wake of a bombshell investigation published earlier this year.
