(Ap) – the Match Group, Group, Inc., MTCH.O) disclosed on Friday it had received a subpoena from the U.S. Department of Justice for documents related to a certain marketing-related claims, as well as the Federal Trade Commission’s (FTC) complaint.
The COMMISSION on Wednesday, alleging that the owner of Tinder and OkCupid dating apps for knowingly and willingly be sent to the automated advertisements through the Match.com with all of the expressions of interest in accounts that it knew were likely to be fake.
The US regulator said that consumers who purchase from a Match.com subscription and, in general, were not aware that as much as 25% to 30% of the Match.com members who, every day, to be used to commit phishing fraud, and extortion.
“Match-group is of the view that the COMMISSION’s claims in relation to the Match.com’s practices, policies, and procedures, are without merit and will defend vigorously against them,” the Match is said to be in a file (in bits).m/2nYashh), adding that he would work together with the federal ministry of justice in the case.
The equity shares of the company fell marginally in extended trade.
Reporting by Neha Malara in Bengaluru; Editing by Arun Koyyur