Milestones

Match Group has named new key executives, including its first CTO and a new President and CFO, as well as a new focus on four key businesses – Tinder, Hinge, Asia and Evergreen & Emerging.

According to the company’s press release, Gary Swindler was named to the top position of Match Group as President and CFO, and Will Wu joins as chief technology officer, a newly created position, to oversee product innovation across all apps. Swindler was promoted from his position as CFO and COO and Wu joins from Snap Inc., where he oversaw the commercialization of Snap’s developer platforms and spearheaded the creation of its most famous features like “Discover” and the “Chat” messaging feature, as well as Snap’s social gaming feature. 

Match Group is betting big on Wu, who brings an impressive background with developing one of the earliest revenue streams for Snap, as well as developing Snap’s primary social engagement driver.

Dating app Grindr launched its initial public offering in mid-November and saw its stock quickly soar thanks to enthusiastic investors, and despite the recent downturn of tech and dating app markets. The stock rose more than 400 percent after it launched.

According to MarketWatch, the stock debuted at $16.90 on Friday November 18th, and hit a high of $71.51 before noon. It then closed out the day at $36.50. The LGBTQ+ dating app merged with Tiga Acquisition Corp, a special purpose acquisition company, and debuted that day on the NYSE under the symbols GRND and GRND.WS. Unfortunately, a week and a half later and now the stock has trading as low as $7.63.

"Today marks an important milestone not only for the team at Grindr, but for the LGBTQ community we serve," said Grindr's chief executive officer, George Arison, in a statement reported by NPR. "We enter the public markets with momentum, carried by our market leadership, strong financial performance and significant growth runway as we step up investment in our core product and services."

Dating app Bumble announced it will be cracking down on false reports from users who target gender non-conforming and other LGBTQ+ users.

According to CNET, Bumble moderators are already dismissing close to 90 percent of violation reports directed at gender nonconforming members, not because they violated rules as the report points out, but because these reports aim to force LGBTQ+ people off the app. Bumble announced that it will not be tolerating this type of behavior, and they will be removing users who repeatedly engage in the practice of submitting false reports.

"Identity-based hate is an issue that negatively affects many communities and is something that increasingly many gender-nonconforming folks, like trans and nonbinary people, have faced in online dating," the company said in a statement.

Image: Bumble

Bumble has open sourced the AI it uses to detect nude photos, giving developers the technology to help combat the sending of unsolicited images over their platforms.

Bumble’s photo blocking feature called Private Detective aims to curb so-called “cyber flashing” that users have long complained about on dating apps, giving the user the option to delete and report the sender without having to view it. The refined version of the same AI is now available on GitHub for commercial use, distribution, and modification, according to Tech Crunch. The idea is to provide the technology to smaller companies who don’t have the time or resources to develop themselves.

In theory, as Tech Crunch points out, this AI could go beyond dating apps to be incorporated into any app or social platform to help shield users from unwanted content and cut down on lewd photos sent over many types of apps.

Dateability is the latest new dating app to launch and is designed specifically for helping disabled singles connect.

The app was founded by two sisters, Jacqueline and Alexa Child, inspired by Jacqueline’s challenging time on traditional dating apps. According to the Washington Post, she recalled messaging a match she made on a popular dating app to meet for dinner or drinks (nothing strenuous) due to her connective tissue disorder, and he responded: “well, I hope you’re not planning to have children. You shouldn’t pass that on.”

He wasn’t alone in that type of abuse, according to Jacqueline. Dating apps were fraught with people who didn’t understand her disability, or worse, were hostile towards her. She had a hard time processing these conversations, and even talking with her friends and family about her dating experiences but wanted something to change.

Grindr CEO George Arison

Dating app Grindr, which serves the LGBTQ+ community, named board member George Arison as its new CEO. He is scheduled to launch the company’s IPO this fall with a $2.1 billion valuation.

Arison is scheduled to take the reins on October 19th. He has long worked in the tech industry and been a board member of the company since May, according to NBC News. Prior to his appointment as CEO, he founded the car reseller app Shift Technologies, where he also served as CEO, and before that he headed a taxi-hailing app.

In addition to hiring a new CEO, Grindr also appointed a new CFO, the former CFO of Disney Streaming Service Vanna Krantz, who launched and grew the highly successful Disney+ product. Grindr’s outgoing CEO Jeff Bonforte and CFO Gary Hsueh will move into advisory roles going forward, according to NBC News.