Industry

The U.S. State Department has issued a warning to international travelers to avoid using dating apps when traveling to Colombia. The warning comes after a series of eight deaths in the country were linked to dating apps.

According to CBS News, the deaths took place in Medellin, Colombia’s second-largest city, and resulted from a forced overdose and suspected homicides. Other incidents have taken place in Bogota and Cartagena, according to reports. Though the deaths themselves do not seem to be linked, they all involved the use of dating apps luring travelers to meet.

“Numerous US citizens in Colombia have been drugged, robbed, and even killed by their Colombian dates,” the embassy said in its notice. The embassy also noted that many crimes like this go unreported, as victims are too embarrassed to contact authorities.

Shares of Match Group rose as much as 12 percent after The Wall Street Journal reported that Elliott Management had invested almost $1 billion in the company.

According to the report, Elliott has a long history of success in tech investments, including in Salesforce and Pinterest. The Match Group investment showed signs of promise to investors who have recently shied away from dating app companies in the wake of decreasing revenues and management turnover. As a result, share prices for Match rose as high as 12 percent and ended the day up 3 percent.

According to CNBC and The Wall Street Journal, Elliott plans to engage with Match Group’s management, but it is unclear as to how involved they will be, and if that would include nominating its directors. Match Group recently appointed a new CEO for Tinder, so Tinder’s previous acting CEO Bernard Kim can focus his attention on Match Group’s entire suite of apps, which include Hinge, OkCupid, Match and BLK.

Image: Tinder

Match Group has promoted Faye Iosotaluno to head up Tinder as its new CEO, replacing Match Group CEO Bernard Kim.

According to Tech Crunch, Iosotaluno has been at Match Group since 2017, and was promoted from Tinder’s chief strategy officer to the company’s chief operating officer in 2022, when former CEO Renate Nyborg left. Kim has been acting CEO of Tinder until a replacement for Nyborg was made.

“Faye’s understanding of the dating category is unparalleled and coupled together with her remarkable leadership capabilities, I know Tinder will continue to lead the category,” said Kim in a statement.

The founder of Hinge, the fastest-growing app in parent company Match Group’s portfolio, says AI will change the game for dating apps.

McLeod spoke to the Financial Times about a range of topics, including Hinge’s success and where he sees it going, and the advances with generative AI. He noted that the key with AI and dating apps is continually “dialing up the sophistication of our matching algorithms” so that it continues learning about the nuances of preferences and delivering better results, according to The Financial Times.

“Every single time someone goes on a great date, we can look at all the information that led up to it, “ McLeod told the Times. “Everything from their profile information to their behavior on the app, to how many matches they had at the time that they met.”

Dating app Grindr has announced a strategic partnership with Ex-human to add an AI assistant to its platform.

According to Decrypt, Ex-human is a bit different from the familiar AI tools we’ve seen, which focus on answering fact-based questions. Instead, Ex-human is designed to engage in “emotionally resonant and meaningful conversations” according to Decrypt.

In fact, the AI model offers virtual companions like imaginary geishas and popular figures like Elon Musk. The companions are designed to show expressions and reactions to different prompts, so the user feels more engaged with the bot.

Epic Games, maker of popular game Fortnite, just won an antitrust lawsuit against Google for its Play Store practices. This outcome could be a gamechanger for app developers, who must rely on Google and Apple stores to get their apps out in the world.

According to Tech Crunch, a San Francisco court found that Google “willfully acquired or maintained monopoly power by engaging in anticompetitive conduct” as stated in the court filings. The jury determined Google’s liability, but a judge still has to decide what the final outcome will be.

The two companies will plead their cases in January to argue for how Google will need to adjust its Play Store policies going forward. Currently, the company takes a commission of as much as 30 percent of all purchases made via apps on its platform. The original lawsuit included Match Group among other companies, but all of them settled out of court apart from Epic Games.