That multitude, for starters stated by Bloomberg and swiftly obtained in other places within the net, are purportedly based on the $500 million IAC paid purchase a 10% risk during the vendor from project capitalist Chamath Palihapitiya. But it is definitely not correct — perhaps not remotely.

“I am able to validate of the record which managed to do a deal with Chamath, but this valuation try no place within the actual facts,” Sam Yagan, President of IAC’s complement class, explained via email. Accommodate will be the IAC section that holds their relationships corporations, most notably Match.com, OK Cupid (which Yagan co-founded) as well as its bulk stake in Tinder.

Tinder CEO Sean Rad furthermore informed my associate J.J. Colao the Bloomberg report is “meaningfully inaccurate.” An email to Palihapitiya decided not to deliver an immediate response, but they claimed this on Twitter and youtube:

My Tinder deal for $500M are erroneous. We sold your bet but importance would be far less. Thx @samyagan for certified IAC pos’n. #wishfulthinking

A $5 billion valuation could have planned that Tinder, a 20-month-old business with no gross, may be worth as very much like all IAC (economy cap: $5.7 billion) and double the amount as IAC’s president, Barry Diller (latest net worthy of: $2.4 billion). Continue reading “No, Tinder Is Not At All Really Worth $5 Billion. Don’t think those data saying Tinder, the most popular mobile romance app, is really worth $5 billion.” →