Google and Match Group Settle Antitrust Lawsuit, Allowing Alternative Payments for Tinder and Other Dating Apps
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Google and Match Group reached a settlement in their antitrust lawsuit, allowing Match apps to offer alternative payments by 2024.
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Match apps can still charge Google's commission of 15-30% or offer their own billing at a slight discount.
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The settlement ensures Match and Google will continue partnerships in other areas like cloud and AI.
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Match will get its $40 million escrow money back and owes Google no other fees through 2023.
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Match reported a 9% revenue increase in Q3, while Tinder revenue grew 11% to $509 million.
