Tinder’s CEO Made A Hilariously Inappropriate Slip-up
While investors would likely say, “Oh, god”, at Rad’s comments, Rice said, the bigger issue was that it raised questions of leadership for a company still struggling to prove itself: “There was a few expectation that the monetization of Tinder would be much greater now than it is”.
Match Group, the parent company of Los Angeles-based dating app Tinder, has priced its IPO at $12.00 per share, selling 33,333,333 shares in its IPO, and will debut tomorrow on the NASDAQ Global Select Market as MTCH, despite a snafu when a United Kingdom tabloid published an interview with Tinder CEO Sean Rad.
Sean Rad, the founder of Tinder, says the last woman he shared a bedroom with was his mother on a recent holiday to Rome.
As a result, Match.com was forced to file a supplementary SEC document saying that “Mr. Rad is not a director or executive officer of [Match.com] and was not authorized to make statements on behalf of the company”.
Match’s Preliminary Prospectus claims that Tinder has 9.6 million daily active users, with an average of 1.4 billion user profile “swipes” daily.
Though he told the Standard he’s allegedly had a “really, really famous” supermodel beg him to sex her, he is actually attracted to women “who my friends might think are ugly”.
How super models want you: Don’t you just hate when supermodels hang all over you? Rad accidentally threw out the word “sodomy”, then had to Google what it meant.
For a while she would call repeatedly until he answered, so Rad introduced a system whereby “one call means just checking up; two calls means it’s very important; three calls means somebody is dying”.
“‘What? No, not that”. No, not that. That’s definitely not me.
Tinder certainly has its critics, with many claiming at the “hook up” app promotes casual sex, or adultery. All part of the super-mature and professional Match Group IPO roadshow we assume…
Tinder was not able to immediately comment on the record.
“He certainly had no one followed or anything like that”, Match Group Chairman Blatt was quoted. “It’s a silly and unfortunate article”, Blatt says. What’s the word?,’ he says.
If Rad’s conversation with the Evening Standard has a negative effect on how Match’s stock performs when it starts trading Thursday, it won’t be the first time he and Tinder have faced a public relations predicament. Wolfe settled for a reported $2 million and founded Bumble, a rival app.
Rad’s handler apparently attempted to end the interview, and the interviewer, Charlotte Edwards, reports that she informed the CEO of the company valued at several hundred million dollars that “sodomy” is not defined as getting “turned on by intellectual stuff”.