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Tinder Worth $10 Billion Less Than Rad Claims, IAC Lawyer Says

The Tinder app.

The Tinder app.

Photographer: Andrew Harrer/Bloomberg

The popular dating app Tinder wasn’t worth anywhere near the $13 billion its founders claim in a stock-options lawsuit, and an analysis by two banks in 2017 put the value at closer to $3 billion, a lawyer for IAC/InteractiveCorp. and Match Group Inc. told a New York jury.

Former Tinder LLC employees, including co-founders Sean Rad and Justin Mateen, “want you to second guess these expert banks and they want you to second guess these experts banks to the tune of 10-plus-billion dollars,” lawyer Bill Carmody said Tuesday in his opening statement at the state court trial.