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Tinder's value at the time was set at billion, unchanged from a valuation that had been done two years earlier, despite rapid growth in revenue and subscribers. The suit charges that executives with Match and IAC deliberately manipulated the data given to the banks, overestimating expenses and underestimating potential revenue growth, in order to keep the 2017 valuation artificially low. That manipulation allegedly deprived some early Tinder employees of millions, or billions, of dollars."They lied about the financial performance. They manipulated financial data, and essentially stole billions of dollars by not paying us what they contractually owe us," Rad said in an interview with CNN. "We're here to preserve our rights and to fight for what's right, for what was promised us."The suit does not offer an alternative valuation, and when asked by CNN, Rad refused to give an estimate other than to say it was "multiples" of the billion figure.The suit seeks at least billion in damages, and according to the suit the plaintiffs' options accounted for more than 20% of the company. That would suggest the plaintiffs are alleging that Tinder was undervalued by at least billion, putting its total value at about billion.But Match Group, which is publicly traded and includes Tinder along with other dating apps, has a market cap of only about .5 billion. IAC overall, which is controlled by media magnate Barry Diller and which also includes brands such as Angie's List and The Daily Beast in addition to the services that make up Match, has a market cap of about billion. The price of both stocks slumped immediately after the suit was filed.Tinder's success is driving much of that value. Last week, shares of Match shot up 17 percent in a single day and shares of IAC jumped nearly 8 percent after Match reported huge gains from Tinder. Revenue from Tinder alone was up 136 percent over the last year, coupled with an 81% increase in the number of subscribers. On an investor call about the earnings report, Match's CFO told investors it now expects Tinder to generate 0 million in revenue this year, which he called a "phenomenal achievement." The suit says that is 75 percent higher than the 2018 estimate used in the 2017 valuation. 2277

to improve the software in the privacy settings section of the Alexa app.Bloomberg said that Alexa auditors don't have access to the customers' full name or address, but do have the device's serial number and the Amazon account number associated with the device."Employees do not have direct access to information that can identify the person or account as part of this workflow," an Amazon spokesperson told CNN Business. "While all information is treated with high confidentiality and we use multi-factor authentication to restrict access, service encryption, and audits of our control environment to protect it, customers can always delete their utterances at any time."Amazon previously has been 700

This is the company's third crash in 11 years, according to CNN affiliate WABC-TV. In August 2009, nine people were killed after a helicopter and a small, private plane crashed into each other over the Hudson River. Investigators said the helicopter was flying too high. 270

There are economics, social, environmental, biologic, genetic, behavioral and health care factors that all contribute to disparities in this country,"" Howell said." 314

They should be held accountable...but if it is a speeding ticket going eight miles over the speed limit, I think you should get a break, said David Murcia of Santa Maria, California.In his latest budget proposal, Newsom wants to expand a pilot program that lowers traffic fines.It could mean those who make less than about ,000 a year will only pay half of what other drivers pay and allow them to make payments.A recent study found that high fines led to drivers simply not paying them, which means less money for the state and more people at risk of having their licenses suspended.A pilot program was started in four counties to test out the low-income fine reductions."They are pretty extreme on a lot of the fines for the citations...and I would be more inclined to pay mine if they were reasonable," said Rory Medlin of Oceano, California.The governor said the program is the first step toward undoing the effect of extra fees and assessments tacked onto the base traffic fines.Fines for traffic violations in California have not increased, but more and more fees designed to supplement the general fund have increased dramatically.According to the budget proposal, most California counties issue a 0 fine for not stopping for a red light. But only 0 of that fine represents the actual traffic fine — the rest are additional fees.The California Highway Patrol and the Santa Maria Police Department said that if and when the proposal gets put into place, it will not change who gets a citation or how they are issued.If approved, the judicial council will implement the program, which will be phased in with multiple counties joining each year.This story was originally published by Alex Gonzalez on 1714

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