Match Group, the service’s owner, said it would withdraw from the aggressor country’s market on June 30 due to reputational risks.
Match Group, the owner of the dating service Tinder, announced that it will leave the Russian market on June 30. There, this decision was explained by the need to protect human rights. This was reported by Reuters news agency, citing the company’s annual report.
“We are committed to protecting human rights. Our brands are taking steps to limit access to their services in Russia and will complete their exit from the Russian market by June 30, 2023,” said of the message.
The chief executive of Friends Fiduciary Corp, a shareholder of Match Group, told the news agency that the company had good reasons to leave the Russian market. He added that Match is setting an example for others by linking its decision to the human rights risks Ukrainians face due to Russian aggression.
The company noted that the trust trading business had good reasons to leave Russia.
“It is not good for a trusted brand to continue operating in a country whose president has been indicted by the International Criminal Court,” the company explained.
Recall that at the end of March this year it became known that the Russian Federation introduced a fee for exiting the Russian market.
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I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.