The lawsuit, filed in New York in 2018, claimed that Tinder owner Match Group and its then parent company InterActiveCorp conspired to drastically reduce the value of stock options and then eliminate them entirely.
Match and IAC, according to co-creators Sean Rad, Justin Mateen, and Jonathan Badeen, used bogus figures to arrive at a $3 billion valuation in 2017 – when Tinder was actually worth more than four times that.
Tinder, which was founded in 2012, now has over 10 million paying users who can quickly scroll through potential romantic matches and then swipe left or right to indicate interest.
With options on roughly 20% of Tinder's stock, the founders and early employees believed they had been shortchanged by several billion dollars.