General News

Randian Capital, an activist investor in Bumble, is urging the company to follow its “turnaround plan,” which also includes a potential sale.

The investor group spent six months analyzing Bumble’s business practices and is advocating for drastic change to be made because “the current trajectory is not working,” according to sources who spoke to Investing.com.

When asked about potential buyers, Randian mentioned one interesting company – Meta, which owns Facebook, Instagram, and WhatsApp, and dominates the social media market. Meta is also currently the subject of an SEC investigation into the nature of its previous mergers, which are alleged to violate anti-trust laws, due to some internal correspondence among its executives.

Two major online safety groups have partnered to create a new industry standard for online dating in the wake of reports that dating app companies aren’t taking needed steps to protect users on their platforms.

The Cyber Rights Organization (CRO) and Online Dating and Discovery Association (ODDA) joined forces to educate industry leaders in different areas of safety including human rights, data privacy, and best business practices, according to DatingNews.com. The ODDA sets guidelines for dating app companies and alerts them to potential risks, while the CRO is a watchdog, and protects people who are using dating platforms.

“The alliance between CRO and ODDA is driven by mutual commitment to user safety in the digital dating sphere,” the ODDA said, according to DatingNews.com.

Tinder has launched a new game featuring AI bots that users can interact with to practice flirting, enact meet-cute scenarios, and get suggestions on how they can improve their skills.

According to Tech Crunch, “The Game Game” as Tinder calls it, is accessible over the app. When a user clicks on the Tinder logo in the top left corner, the game is activated and provides the user with a set of cards, each one featuring a different AI persona in a different scenario.  

Users can respond by talking and flirting with the bot directly and seeing if they can score a “date.”

Dating app Hinge announced that it is adding a $1 million fund for in-person events and social group gatherings in New York, Los Angeles, and London.

According to CNBC, the money is to subsidize free or lower cost events to attract young people. The fund is part of their One More Hour social impact initiative which the company launched last year. Hinge says it recognizes Gen Z’s need for more tangible ways to connect than just over a dating app, and wants to create more spaces for them to get together.

The groups will focus on a range of activities that include food, nature, and reading, for example. The purpose of the groups is to highlight an interest to attract people and give them something to do while they are meeting other people, taking the pressure off.

Bumble announced it has added ID Verification in addition to other new safety-related features to attract singles back to its app.

The new verification feature lets users submit a photo of a government-issued ID to prove they are who they say they are, and then they can earn a verified badge for their profile, according to Tech Crunch.

The female-centered app is appealing its core demographic with the announcement – focusing on its female clientele who are looking for more safety features on dating apps. ID Verification is available in 11 countries, including the U.S., U.K., Australia, France and India. The company intends to roll out in more countries in the coming months, according to The Seattle Times.

Tinder has launched Tinder U in India, a new feature that connects college students attending the same school or other nearby universities.

According to Indian Express,Tinder U allows students with a valid school email address to opt in to the feature, which works as a dedicated space for college students to connect and search for other students with the same interests. Once a new user is verified through the app’s application process, they can populate their profiles with details like college clubs, sports, and other activities to make it easy to find matches and expand their circles – whether for friendship or dating.

Tinder U users can also add the year they graduate and their majors to spark interest with others in the same graduating year or program of study. Users can also “Superlike” someone who grabs their interest.