BLOOMBERG - Apr 11 - Tinder is taking off so fast that it’s now worth almost as much as IAC. IAC recently bought another 10% of Tinder from VC Chamath Palihapitiya for $500 million. That values Tinder (10m daily users) at $5 billion, compared with IAC’s $6b. Tinder has yet to contribute revenue.
Update: Tinder is not worth $5B!. "I can confirm that we did a transaction with Chamath, but this valuation is nowhere near the truth,” said Sam Yagan, CEO of IAC’s Match Group. Venture capitalist Chamath Palihapitiya wrote on his Twitter: "I sold my stake but value was much less."
Mark Brooks: Why is this good for your Internet dating company valuation? The multiple of EBITDA valuation just went infinite!
This post also appears on InternetDatingInvestments.