Shares of Match Group, the parent company of popular dating applications Tinder and Hinge, fell on Wednesday following a reported drop in Tinder’s paid subscribers.
According to the company’s third quarter financial report, Tinder experienced a 6% drop year-over-year of paid users.
The news comes following Match Group’s antitrust settlement against the Google App Store on Tuesday.
As a result, Match Group’s stock closed down 15% during trading Wednesday.
