United Kingdom

Bumble founder Whitney Wolfe Herd has secured a 4 million pound dividend payout from parent company Magic Lab, who saw record earnings thanks to its star dating app.

According to The Telegraph, the Bumble windfall is the result of a dividend payout of 20 million pounds from its parent company, and Herd owns about 20% of Bumble. Magic Lab saw earnings skyrocket at the end of 2018 to about 270 million pounds, up 51 percent from the year before. This quarter, the company reported a loss of about 4.8 million pounds.

Bumble’s revenue made up about 48 percent of Magic Lab’s overall business.

Hingie - Hinges new Mascot

Hinge just launched a new international marketing campaign to double down on its new tagline – “designed to be deleted.”

The ads feature a furry and adorable mascot – Hingie – who appears when a young woman logs on to her Hinge account and begins messaging a new guy. Hingie continues to lurk in the vicinity as she goes on dates, enduring all sorts of tortures through their budding relationship until he’s no longer needed – he’s burnt by a candle, bitten by a dog, pummeled with arrows, and crushed by a fan.

When the couple find love and delete the app, Hingie explodes, leaving behind a flurry of little red and pink hearts.

Study on Access to Personal Info by Dating Apps

Image: datingroo

Dating app users often don’t realize how much personal information they are giving away just by signing up. But Datingroo, a U.K.-based online dating research company, has released a new study that shows exactly how little privacy most dating app users have.

Datingroo studied the ten most popular dating apps from Tinder to PlentyofFish to eHarmony, examining 45 personal data access points in 13 categories such as precise location, other accounts on the device, network connections, and modification or deletion of the contents on USB storage, and found some surprising results.

Among all the apps, Badoo and PlentyofFish have access to the most data in user’s devices (92% of all access points studied). Combined, they have more than 522 million users worldwide, which means they have access to an enormous amount of information. Coffee Meets Bagel has the fewest users (7 million), as well as the least data access.

Bumble CEO Whitney Wolfe

Bumble CEO Whitney Wolfe Herd spoke out against parent company Badoo in the wake of allegations made by more than a dozen employees that it promoted a toxic work culture, especially for women.

An exclusive by Forbes revealed allegations made by thirteen former Badoo employees who worked at the company’s London headquarters, citing a sexist office culture with drug-fueled parties, employees naming engineering updates after porn stars, and a widely circulated video of an employee receiving oral sex from a prostitute.

Forbes also said the employees specifically named Badoo owner Andrey Andreev, who also owns a majority stake in Bumble, of making derogatory comments around race and physical appearance.

Toffee, the UK-based dating app aimed exclusively at privately-educated singles, is beginning its international expansion with Australia. The app was widely criticized as elitist when it launched in the UK last April, but shows no sign of slowing down in the face of controversy. Toffee will become available for Android users in September, followed by the Australia launch in November. Additional international rollouts are planned over the next 12 months.

Founder Lydia Davis insists Toffee was not born out of snobbery. “I’ve found that people from similar backgrounds tend to stick together,” she told Vogue earlier this year. “It was never our intention to be elitist. Schooling is a big part of people’s lives – 10 years of their childhood. It doesn’t define them, but it is part of their identity. It’s just one of many things people might have in common.”

Not content with being one of the most well-known names in the dating space - as well as a facilitator for friendships and a growing power in the world of business networking - Bumble has set its sights on conquering the entertainment industry.

The company recently announced the return of the Female Film Force, a UK-based initiative launched last year to fund short films from aspiring women filmmakers in the UK and Ireland. The inaugural 2018 competition yielded 1,100 pitches and awarded five filmmakers (writer, directors or producers) £20,000 each to make a film embodying Bumble’s values of female empowerment, equality and kindness.