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They say it had not even been developed when the sale was negotiated. Madra say in court documents that Xtreme's involvement in Hatch was always disclosed.
Madra, Hatch, unbeknownst to them at the time, held "an internal hack-a-thon" for its staff in February, , that resulted in concepts for a number of new apps, including one to use geographic information from smartphones to match users of a dating app, which would later become Tinder.
Tinder launched in August, , two weeks before the Xtreme Labs transaction closed and months after negotiations had ended, Mr. Madra say in court documents. Tinder still had "very few users" in the months after it was released, they say, and "any future success was speculative.
Tinder dating app slapped with sexual harassment lawsuit
Varma say they first became aware of Tinder, it had just 2, users. It had , visitors last May in Canada alone. In a counterclaim, Mr. Varma, said the case against his clients is frivolous: We have closed comments on this story for legal reasons or for abuse. Mateen and Wolfe had a romantic history.
Tinder allows users to judge potential matches on a hot-or-not basis with the swipe of a finger. Did you enjoy this article? Stay up to date with our best content by liking us on Facebook.
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That prevented bigger payouts to the co-founders and executives, the suit says. Rad who was dismissed from the Company a year ago and Mr. The app is largely credited with introducing a sea change in the way mostly young adults connect to date and hook up. The lawsuit alleges that IAC agreed to set valuations of Tinder four separate times: Then, it contends, the companies converted the plaintiffs' undervalued Tinder stock options into an unfairly small amount of Match stock options.