Sep 2, 2021 - Economy

Match Group CEO to create fund for Texas-based employees affected by abortion ban

Protesters march down Lavaca Street at a protest outside the Texas state capitol on May 29, 2021 in Austin, Texa

Protesters outside the Texas state capitol on May 29 in Austin, Texas. Photo: Sergio Flores/Getty Images

The CEO of Match Group in an internal memo to staff on Wednesday said that she is creating a fund for Texas-based employees that will "help cover the additional costs incurred" if they need to seek care outside of Texas due to the new abortion ban.

Driving the news: The Texas abortion ban, which went into effect Wednesday, is the most restrictive abortion law allowed to be enforced since the 1973 landmark Roe v. Wade ruling. It could add a significant amount of travel time and expenses for some people in Texas seeking abortions.

  • The law bans all abortions, including in cases of rape and incest, after the detection of cardiac activity, which is usually around six weeks — before many people know they are pregnant.
  • It also allows individuals to sue anyone suspected of helping a woman obtain an abortion — and awards at least $10,000 to people who do so successfully.

The big picture: Match Group, headquartered in Dallas, Texas, owns and operates the largest global portfolio of popular online dating services including Tinder, and Hinge, among others, per the company's website.

  • The fund will also help cover costs for dependents, CEO Shar Dubey said in an internal memo shared with Axios.

What she's saying: Dubey in the memo said that the Texas law "is so regressive to the cause of women’s rights that I felt compelled to speak publicly."

  • "I immigrated to America from India over 25 years ago and I have to say, as a Texas resident, I am shocked that I now live in a state where women’s reproductive laws are more regressive than most of the world, including India," she added.
  • "I’m not speaking about this as the CEO of a company. I’m speaking about this personally, as a mother and a woman who has fervently cared about women’s rights, including the very fundamental right of choice over her body — this is a very sad day."

Go deeper: Supreme Court allows Texas abortion ban to remain in place

Editor's note: This story's headline has been updated to clarify that the CEO of Match Group is creating a fund, not the company.

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