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Match Group CEO Rascoff Spencer M buys 13250 shares at $37.57/share on 2025-08-26.
ByAinvest
Thursday, Aug 28, 2025 4:36 pm ET1min read
Match Group, Inc. (MTCH) has recently disclosed that Rascoff Spencer M, Director and Chief Executive Officer, has made a significant investment in the company by purchasing 13,250 shares at a price of $37.57 per share on August 26, 2025.
Match Group, Inc. (MTCH), the owner and operator of popular online dating services such as Match.com, OkCupid, PlentyOfFish, and The League, has agreed to pay $14 million to settle charges brought by the Federal Trade Commission (FTC) [1]. The settlement follows allegations of deceptive advertising and unfair cancellation practices. The FTC alleged that Match misrepresented the terms of its "six-month guarantee" and made the cancellation process confusing and cumbersome.The FTC complaint, brought under the FTC Act and the Restore Online Shoppers' Confidence Act (ROSCA), alleged that Match guaranteed certain consumers a free six-month subscription renewal if they failed to "meet someone special," without adequately disclosing the material restrictions or limitations. Additionally, Match was accused of denying access to paid-for services to consumers who disputed charges related to these practices.
The settlement requires Match to pay $14 million, which the FTC will use to provide redress to injured consumers. Match must also clearly and conspicuously disclose the terms of its "six-month guarantee," provide simple mechanisms for consumers to cancel their subscriptions, and refrain from retaliating against consumers for filing billing disputes.
In a separate development, Rascoff Spencer M., the Director and Chief Executive Officer of Match Group, recently made a significant investment in the company. On August 26, 2025, Spencer purchased 13,250 shares at a price of $37.57 per share [2]. This investment underscores Spencer's confidence in the company's future prospects.
References:
[1] https://www.marketscreener.com/news/ftc-swipes-left-on-match-group-s-deceptive-advertising-and-cancellation-practices-securing-14-mill-ce7c50dedb8ff622
[2] https://www.marketscreener.com/news/rascoff-spencer-m-invests-in-match-group-inc-mtch-3757-per-share-august-26-2025
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