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Tinder founders sue parent companies Match and IAC for at least $2B

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Re: Tinder founders sue parent companies Match and IAC for at least $2B

#41
post #36
post #26

Earlier quoted context omitted.

I think you're right. Being civil doesn't pay dividends unless most other people are civil too too, and if incivility is punished. Neither of those things are true, generally, right now, so being civil just makes you look weak. C'est la vie.

Real strength is in doing the right thing even when it is inconvenient to your image.

And that and $2.95 will get you a cup of coffee.

Re: Tinder founders sue parent companies Match and IAC for at least $2B

#42

Earlier quoted context omitted.

> Civility and basic courtesy is not copyrighted, use it in your public statements. POTUS would disagree. Civility and basic courtesy are no longer popular. Such is the world we now live in. Edit: Anyone care to dispute this? I don't agree with it, but I'm also not willing to ignore it.

I doubt he gets re-elected, so I would put forth the assertion that being non-civil and acting like a jackass doesn't work long term. People get a good look at it and it isn't appealing when they can see it for what it is.

It got him elected to start.

Re: Tinder founders sue parent companies Match and IAC for at least $2B

#43

I suspect that Tinder came from the Hot-or-Not Mashup Camp contest entry years ago .. Can anyone confirm that ?

No it was an internal startup made from Match.

Why did a dating site launch a dating app as a separate startup? What was the logic there?

Re: Tinder founders sue parent companies Match and IAC for at least $2B

#44

Earlier quoted context omitted.

> Civility and basic courtesy is not copyrighted, use it in your public statements. POTUS would disagree. Civility and basic courtesy are no longer popular. Such is the world we now live in. Edit: Anyone care to dispute this? I don't agree with it, but I'm also not willing to ignore it.

I doubt he gets re-elected, so I would put forth the assertion that being non-civil and acting like a jackass doesn't work long term. People get a good look at it and it isn't appealing when they can see it for what it is.

He will be re-elected.

Despite everything that was known before the election, he was elected. And he delivered on the major promises to his core supporters (Supreme Court, tax cuts, hard on immigration, rolling back regulations, etc).

Uber is a great tech example of the same phenomenon. Many people on HN who rail about Uber's dubious business practices still use their services because it's convenient or because it is the cheapest. They may dislike the business but they aren't voting with their wallets. Uber "gets away" with slimy practices because "ends justify the means"

Re: Tinder founders sue parent companies Match and IAC for at least $2B

#45
post #41
post #36

Earlier quoted context omitted.

Real strength is in doing the right thing even when it is inconvenient to your image.

And that and $2.95 will get you a cup of coffee.

It will also allow you to look yourself in the mirror every morning and not see a charlatan and a thief.

It will allow those around you to have this thing called respect, which still is held dear by many.

Re: Tinder founders sue parent companies Match and IAC for at least $2B

#46
post #36
post #26

Earlier quoted context omitted.

I think you're right. Being civil doesn't pay dividends unless most other people are civil too too, and if incivility is punished. Neither of those things are true, generally, right now, so being civil just makes you look weak. C'est la vie.

Real strength is in doing the right thing even when it is inconvenient to your image.

Survivor bias is not your friend, there.

Re: Tinder founders sue parent companies Match and IAC for at least $2B

#47

> The suit alleges that IAC and Match Group manipulated financial data in order to create 'a fake lowball valuation' (to quote the plaintiffs’ press release), then stripped Rad, Mateen, Badeen and others of their stock options Wait, they didn't exercise their options into the sale? Did the founders hire a team of squirrels as their bankers? This is M&A 101 when switching to majority control. EDIT: Ah, Tinder was laun…

Can you ELI5 for me, because I don't understand this at all.

Tinder was a match.com spinoff startup and they gave the founders some stock and money... tinder did well and then when they re-acquired the company they did so at a valuation that allegedly improperly compensated some of the shareholders.

Re: Tinder founders sue parent companies Match and IAC for at least $2B

#48

Earlier quoted context omitted.

Honestly, this makes me lose any respect I might have had for them - while the lawsuit seems odd, resorting to ad hominem attacks is extremely unprofessional, and especially so in a PR statement. Civility and basic courtesy is not copyrighted, use it in your public statements.

> Civility and basic courtesy is not copyrighted, use it in your public statements. POTUS would disagree. Civility and basic courtesy are no longer popular. Such is the world we now live in. Edit: Anyone care to dispute this? I don't agree with it, but I'm also not willing to ignore it.

Please don't take HN threads on generic tangents and certainly not political ones.

Re: Tinder founders sue parent companies Match and IAC for at least $2B

#50

Earlier quoted context omitted.

No it was an internal startup made from Match.

Why did a dating site launch a dating app as a separate startup? What was the logic there?

They have lots of segmented dating sites.

Are you looking for the same thing on a dating site as your mother?

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