Tinder CEO's Bizarre Interview Prompts SEC Filing From Parent Company
The filing comes on the eve of an IPO where the price of Match Group stock was set at $12 a share.
A frank and personal interview with Tinder co-founder and CEO Sean Rad caused the dating app's parent, Barry Diller's Match Group, to file a clarification with the SEC a day ahead of its initial public offering.
Tinder has become a phenomenon and has been praised and criticized in equal measure for enabling and promoting hook-up culture, so a profile of the 29-year-old CEO and co-founder at the Evening Standard naturally turned to his sex life.
Rad tells reporter Charlotte Edwardes how many women he has slept with and says a world-famous supermodel is begging him for sex. He also talks about an attraction to "ugly" women as well as smart ones. Which leads to this exchange between Rad, Edwardes and Tinder vp communications Rosette Pambakian:
"There's a term for someone who gets turned on by intellectual stuff. You know, just talking. What's the word?" His face creases the effort of trying to remember. "I want to say 'sodomy'?"
"That's it. We're going to be fired," says Pambakian.
"I tell him it means something else and he thumbs his phone for a definition," writes Edwardes.
"What? No, not that. That's definitely not me. Oh, my God," says Rad.
While the entire article is part of the SEC filing from Match Group, the part that presumably necessitated such a response are some numbers in the piece that aren't even attributed to Rad.
The filing says that for accurate data interested parties should instead turn to the Match Group prospectus, "which states that for the month of September 2015, Tinder had approximately 9.6 million daily active users, with Tinder users 'swiping' through an average of more than 1.4 billion user profiles each day."
Wednesday's SEC filing also describes the Evening Standard and says: "The article was not approved or condoned by, and the content of the article was not reviewed by, the company or any of its affiliates."
And lest someone accuse the company of violating a quiet period ahead of its IPO, it also says that Rad, while CEO of Tinder, "is not a director or executive officer" of Match Group.
The Match Group, which includes Match.com, OkCupid, Meetic, Twoo, Tinder and others, is being spun from Diller's IAC conglomerate, and the IPO values the spun-off company at around $3 billion. Late Wednesday shares were priced at $12 apiece and they began trading on Nasdaq on Thursday under the symbol, MTCH. They rose 22 percent on their first day trading.
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