Dating firm Cupid checks press reports, shares tumble

LONDON (Reuters) – British online dating firm Cupid Plc said on Friday it had launched an investigation into a recent report about methods it allegedly used to get free customers to buy subscriptions. At 1647 GMT(1147 EST), shares in Cupid, which began falling in the morning before the company announced its investigation, were down 57 percent at 52 pence, valuing the company at 94.6 million pounds ($ 144 million). Ukraine newspaper Kyiv Post published an article on March 15 which said that Cupid had hired “motivation managers” to encourage men to buy full subscriptions. …

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