An investigation for investors in NASDAQ:MTCH shares concerning possible securities laws violations by Match Group in connection certain financial statements was announced.
Dallas, TX based Match Group, Inc. is engaged in providing dating products.
Investors who purchased shares of Match Group Inc (NASDAQ:MTCH), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements by Match Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 2, 2016, Match Group Inc reported its fourth quarter and full year 2015 results. Among other things, Match Group Inc disclosed that its fourth quarter net income declined from $48.27 million in the fourth quarter 2014 to $35.59 million in the fourth quarter 2015 and that its annual Net income declined from $147.76 million in 2014 to $120.38 million in 2015. Shares of Match Group Inc (NASDAQ:MTCH) declined to as low as $8.75 per share on February 4, 2016.
According to the investigation Match Group Inc revealed a decline in total user growth and per-user revenue, and the cannibalization of users and revenues across competing platforms.
On February 12, 2016, NASDAQ:MTCH shares closed at $9.82 per share.
Those who purchased shares of Match Group Inc (NASDAQ:MTCH) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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