The dating application is suing the multinational for abuse of power by forcing the use of its payment system, which charges up to 30% for its users’ transactions
One of the most downloaded dating apps, Tinder, can be dropped from Google’s app store if the parent conflict is not resolved. Match Group filed a lawsuit this week in a San Francisco court accusing Google of abuse of power over its Play Store, the store where Android mobile users download their applications.
The complaint comes after the multinational decided to change the rules of its Play Store and require applications downloaded there to use its payment system, which charges up to 30% of every transaction. In its lawsuit, Tinder’s parent company is asking the court to force Google to allow its users to circumvent the Play Store’s billing system, in addition to compensation for economic damages.
And Google has emphatically replied. It will remove the Match apps – which include OkCupid and PlentyofFish in addition to Tinder – from its “market” and Android users who want to download them will have to move to non-Google platforms at their own risk. For his part, Match assures that this “punishment” would mean a “death sentence” for his applications. “This is a case of strategic market manipulation, broken promises and abuse of power,” the company said. And it is that users use Play Store more than 90% of the time to install their applications.
While Google has declined to comment on the lawsuit, it defends its fees, arguing that they are in line with industry standards and are “reasonable” to operate a secure global platform that distributes digital content.
In Spain, Tinder is the most downloaded application within the ‘lifestyle’ category and occupies the sixth position in turnover volume, ahead of Twitch, Wallapop or Linkedin.
On the other hand, another dating application like Grindr, which specializes in the gay community, is planning to list on Wall Street. This has been decided by the company’s board of directors, which will be in the majority for LGBTQ+, according to information filed this Monday with the U.S. Securities and Exchange Commission (the SEC).
The dating company will not make a public offer for the sale or subscription of shares, but will go public thanks to the merger with Tiga Acquisition Corp, a hollow company, but with money that was looking for a purchase. Tiga is what is known in the market as a spac (special purpose acquisition company, or company with the special purpose of making an acquisition). These companies go to market and are listed on the stock exchange like a check in search of a destination. When they find a company to buy, the fact that they are already listed makes it easy.
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
