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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
Trump arrived Thursday for his first full day with an oversized state welcome at the Great Hall of the People, the cavernous government structure in the center of China's capital city. 184
This is a question of making sure that however John is honored, it's set in stone that John is always honored, Cassidy said Tuesday. "I don't want to establish a precedent where somebody is unhonored in the future."Russell, a Democrat, was a segregationist who was opposed the Civil Rights Act. Russell served from 1933 to 1971 and helped write the Southern Manifesto, which outlined congressional opposition to racial desegregation.McConnell said he would ask a "gang" of lawmakers to meet and talk about the best way to honor McCain but didn't directly address renaming Russell. Instead, he floated renaming the Senate Armed Services Committee room after McCain as well as potentially resurrecting a portrait to the Capitol Senate reception room of McCain.In a "Dear Colleague" sent to colleagues Tuesday, Schumer and Republican Sen. Jeff Flake seek to drum up support for their resolution to rename the Russell building in McCain's honor, noting the late senator chose offices in the Russell Senate Office Building for the "entire length of service in the Senate.""Renaming the Russell building in his honor ensures that his story will be told with the hope that inspiration becomes motivation and future leaders merge with his brand of courage and commitment," Schumer and Flake wrote.Flake, who represented Arizona alongside the Vietnam War veteran, said he's talking to McCain's family in the next couple days to get their feedback on what they prefer regarding a permanent tribute on the Hill. 1500
to amend your tax return, Jackson adds. And avoid foot-dragging. “The best thing would be to file an amendment before you receive the letter,” he says.Don’t automatically assume you screwed upIf the IRS sends a bill for more taxes and claims you owe because its records don’t match the return you filed, take a minute to review everything carefully before busting out the checkbook. “A lot of people just pay it when in fact they don’t necessarily owe the money,” Mullin says. “I would not assume that it is right and you were wrong. I would assume that you could be right. You have to read the details to see what they think you didn’t report and look at your return and see if it’s actually on there.”Often the issue is that something on your tax return is labeled slightly differently than what’s on the information return, she says. “In more cases than not, certainly if the return’s professionally prepared, the IRS is wrong, but the matching’s just not working perfectly,” Mullin says. “Nine times out of 10 they’re wrong; we’re right. We just have to just help them to locate the match.”More From NerdWallet 1114
There was an added challenge because the Lincoln's homeport changed to San Diego during the deployment, meaning his family had to move without him. 147