How Rad: 'Sodomy' features in’s IPO

Discussion in 'Market News' started by Lily, Nov 20, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Tinder CEO’s embarrassing mistake won’t go away – it’s now immortalised in a filing to the US Securities and Exchange Commission

    When Tinder chief executive Sean Rad gave an interview in which he confused the word “sodomy” with the word “sapiosexual” (a term for only being attracted to intelligent people), he probably thought that was the worst thing that would come out of speaking to the Evening Standard newspaper.

    Unfortunately, Rad was speaking immediately before Tinder’s parent company went public, launching on the Nasdaq stock exchange in New York. And in the runup to an initial public offering, a US company is bound by strict requirements over what information they can communicate to the public.

    The article was not approved or condoned by, and the content of the article was not reviewed by, the Company or any of its affiliates. Mr Rad is not a director or executive officer of the Company and was not authorised to make statements on behalf of the Company for purposes of the article.

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