Tinder owner Match Group plunges 10% after forecasting sales that were below Wall Street targets

The Dallas-based dating company tumbled in premarket trading, wiping nearly $2 billion off the company's market cap. Tinder was a bright spot.

Tinder's owner Match Group plunged in premarket trading, after its sales forecast missed Wall Street expectations. The dating firm's stock fell 10% in premarket trading at 12:46 p.m. in London . Match Group is facing lawsuits and paying more in legal costs. In an interview with Bloomberg, the CFO said that Brexit and currency movements were hampering sales. The company is also paying more in legal costs. View Business Insider's homepage for more stories.

Tinder's owner Match Group plunged in premarket trading, after its sales forecast missed Wall Street expectations. The dating firm's stock fell 10% in premarket trading at 12:46 p.m. in London . Match Group is facing lawsuits and paying more in legal costs. In an interview with Bloomberg, the CFO said that Brexit and currency movements were hampering sales. The company is also paying more in legal costs. View Business Insider's homepage for more stories.

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