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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
There's a ring around the engine that's meant to contain the engine pieces when this happens, Goglia said. "In this case it didn't. That's going to be a big focal point for the NTSB -- why didn't (the ring) do its job?" 219
This year’s Opening Day starter for the Padres is veteran lefty Clayton Richard. First pitch is scheduled for 1:10 p.m., and all fans at the game will receive a special Opening Day hat. 185
They had noticed there weren't very many walnuts around the yard, given how big the tree is, but they said they didn't think they would find them under the hood of their car.There were so many walnuts and so much grass under the hood of the car that it took almost a full hour to get the car clean enough to take it to a local auto repair shop.Once they got the car to the shop, mechanics were able to put it up on a lift and remove the protective plate from under the car. Walnuts they couldn't reach fell out and covered the floor. There were enough walnuts to fill half a trash can."My truck may have had a squirrel chew through/pull out a fuel injector hose, and Holly's looked like they were storing up for the next three winters," Chris wrote in a post on Facebook. "Was absolutely nuts ... no pun intended."There was no damage to the car, beyond it needing a cleanup.If it weren't for the rain, Chris said he thinks this would have been less of a funny story. The grass under the hood was damp, but he thinks it could have caught fire if it wasn't."It was more or less just smoldering," he said. "Something crazy that happened, that could've turned out bad, ended up being a little funny."Chris said people have messaged him that they checked under their hoods because of what happened to him, and he said he hopes people continue to check on their cars."Long story short, if you park outside, do yourself a favor and check under the hood every once in awhile," Chris wrote on Facebook. 1493
This has long been the stance of Japan as well, but in recent years some politicians have begun to raise the possibility of nuclearization in the wake of North Korea's nuclear testing. 184