Match Settles Antitrust Scores Against Google

  • Match Group, Inc MTCH settled its battle with Alphabet Inc's GOOG GOOGL Google allowing the dating apps maker to offer users a choice in payment systems, eliminating Google's control over user data.
  • Match withdrew its temporary restraining order request against Google following concessions, preventing Match's apps from being removed from the Play store for offering alternate payment options.
  • Previously Match prosecuted Google calling the action a "last resort" to prevent Tinder and its other apps from being kicked from the Google Play store for refusing to share up to 30% of sales. 
  • Match's lawsuit followed ongoing cases from "Fortnite" maker Epic Games, U.S. state attorney generals against Google's allegedly anticompetitive conduct related to the Play store.
  • Price Action: MTCH shares traded higher by 4.26% at $78.25 in the premarket on the last check Friday.
  • Photo by Solen Feyissa from Pixabay
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