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Tinder owner Match Group plunges 10% after forecasting sales that were below Wall Street targets

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  • Tinder’s owner Match Group plunged in premarket trading, after its sales forecast missed Wall Street expectations.
  • The dating firm’s stock fell 10% in premarket trading at 12:46 p.m. in London (7:45 a.m. ET).
  • Match Group is facing lawsuits and paying more in legal costs.
  • In an interview with Bloomberg, the CFO said that Brexit and currency movements were hampering sales. The company is also paying more in legal costs.
  • View Business Insider’s homepage for more stories.

Tinder, Hinge and Plenty of Fish’s owner, Match Group, is set to plunge at the open of trading after posting a fourth-quarter sales and read more >>>

Source:: BusinessInsider.Com