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How does one monetize a 10% ownership of an entity that is majority owned by a public company? Unless there is a spinoff, or the public company sells that particular asset, I don't see how Sean makes his money on this. IAC can just continue to use Tinder to grow their own market cap, which in turn helps IAC shareholders but not Tinder shareholders or 'founders'

This could be the worst cap table of all time.



A spinoff is in the works.




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