Tinder Owner Match Group Nosedives on FTC Lawsuit Alleging Fake Love-Interest Ads
Match Group stock tumbled as much as 9% after the Federal Trade Commission announced a lawsuit alleging the company used fake love-interest ads to lure consumers into buying subscriptions. Consumers purchasing Match.com subscriptions “generally were unaware” that as many as 25% to 30% of members were using the platform for scams, the FTC said Wednesday. Watch Match trade live here. Tinder- …