Bumble countersues Match; Snap announces additional firing round; Wondery gets $5 million.
Bumble said it was seeking $400 million from Match, which owns popular dating app Tinder, because it obtained sensitive competitive information through deceptive means and has wrongfully disparaged its competitor in the investment market, Reuters reports. The lawsuit, filed in a Texas state court, comes two weeks after Match brought a lawsuit against Bumble alleging intellectual property infringement.
Snap is firing around 100 people, primarily from the company’s sales side, Recode reports. It’s the third round of layoffs for Snap since the beginning of the year; the company also restructured its content teams in January and laid off around 120 engineers earlier this month.
Wondery, the podcasting startup behind Dirty John, American History Tellers and Business Wars, has raised $5 million from a group of investors led by Greycroft, Lerer Hippeau Ventures and Shari Redstone's Advancit Capital, according to Businesswire. The company plans to grow its roster of podcasts and further build out its staff, CEO Hernan Lopez told The Hollywood Reporter. Wondery's investors also include BAM Ventures, Watertower Ventures, Fox Networks Group and BDMI.
Technology reporter Eli Horowitz can be reached at email@example.com. Follow him on Twitter @coachhorowitz13 for the latest in L.A. tech news.