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Co-founders of Tinder and eight other former and current executives of the popular dating app are suing the service s current owners, alleging that they manipulated the valuation of the company to deny them of billions of dollars they were owed.The suit, filed Tuesday in state court in New York, seeks at least $2 billion in damages from Match Group and its parent company, IAC/InterActiveCorp. The plaintiffs are represented by Orin Snyder of Gibson Dunn, who has re
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stanley cup ing Facebook, Apple and Uber.The dispute centers on an analysis of Tinder done in 2017 by Wall Street banks to set a value for stock options received by Sean Rad, a Tinder co-founder, and other early empl
stanley cup oyees. It also includes an allegation of sexual harassment against Tinder s former CEO, Greg Blatt.CNN has reached out to IAC, Blatt and IAC for comment multiple times, and has yet to hear back. We will update this story when or if we get one.Tinder s value at the time was set at $3 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 per Ezsb GEEKING OUT: Snow rollers in Sheboygan County
OREM, Utah AP 鈥?Five students were stabbed inside the boys locker room of their Utah high school Tuesday and a 16-year-old student was taken into custody after school workers risked their lives to box him into a corner, police said.The suspect, a straight A student with no record of disciplinary problems, stabbed himself in the neck at Mountain View High School before he was subdued with a Taser by an officer working at the school, said Gary Giles, the police chief in the small city of Orem about 40 miles south of Salt Lake City where the attack happened.The suspect used a knife with a 3-inch blade to attack the five male victims, Giles said. The sc
stanley usa hool staffers managed to contain him for several minutes and prevent any
stanley website more possible bloodshed until police arrived, he said.He said police were investigating why the student attacked his classmates at about 8 a.m. as they were getting ready for the morning physical education class at the start of the school day.The student was not identified but school district spokeswoman Kimberly Bird said he was a new student at the high school who had previously been homeschooled.All of the victims were stabbed at least once and were being treated for neck and torso injuries at local hospitals. Their conditions ranged from critical to fair, Orem police Lt. Craig Martinez told reporters. The suspect
stanley water bottle was also hospitalized.Students described a gruesome scene immediately after the stabbings, with victims covered in blood running from the lock
