Bumble

Bumble founder Whitney Wolfe Herd announced that she will be returning to the company as CEO in March.

Wolfe Herd left the position early last year and Lidiane Jones, the former CEO of Slack, took the reins at Bumble. Jones oversaw a major reboot of the app which deviated from its original female-first approach, allowing men to message women first. During her tenure, the company went through staff layoffs and a significant drop in stock value as well.

Jones said she was leaving “for personal reasons” according to The Verge.

Match Group said its plans for the future will be centered around AI, according to remarks company executives made at Investor Day. 

Executives from some of its more popular apps like Hinge, Tinder, OkCupid and more, teased how they were planning to implement AI on their platforms with the goal of transforming the way users interact with them, according to CNN. For example, Justin McLeod, the CEO of Hinge, said that they intend to “fully embrace” AI to personalize matching and to create smarter algorithms, as well as implementing AI coaching for struggling singles.

“While AI is not going to be a panacea when it comes to the very deeply and personal problem of love,” McLeod said at Investor Day, “I can tell you that it is going to transform the dating app experience, taking it from a do-it-yourself platform to an expertly guided journey that leads to far better outcomes and much better value to our daters.”

The CFO and CMO of Bumble have announced their departures for early 2025, a shakeup for the dating app company.

According to Seeking Alpha, Bumble’s Chief Financial Officer Anu Subramanian will continue in her role until March and Chief Marketing Officer Selby Drummond will leave in January. The company has started a search process to replace Subramanian, who joined the company in 2020 and led it through its initial public offering.

According to Tip Ranks, the moves caused the share price for Bumble to increase, but overall the stock has declined almost 40% just in the last year.

The share price of Match Group Inc. dropped after a disappointing third quarter earnings report, signaling that consumer interest in paying for dating app subscriptions continues to wane.

According to Business Insider, Match Group shares dropped more than 18 percent after the company reported that paying users on its most popular app Tinder fell 4 percent in the third quarter from the same time period last year, to $9.9 million. The revenue decline for Tinder has been continuous the past few quarters, and Match Group says it expects this slowdown to continue in the fourth quarter.

Hinge continues to be the star of Match Group’s offerings, growing 36 percent year-over-year, though its userbase is still a fraction of Tinder’s.

Young singles in India are turning to new and unexpected platforms to expand their networks, including LinkedIn for dating and Bumble for finding a job.

According to India Today, a recent survey from DatingNews.com found that 61 percent of respondents aged 35 to 40 said they have found their dates on LinkedIn. And 52 percent aged 20 to 40 said they looked to apps like LinkedIn to find dates.

Traditionally, LinkedIn has been a networking platform for careers, but lately people have been turning away from dating apps and gravitating to other social platforms, and especially to LinkedIn. At first, this trend was being reported in the US, but now it seems to be global.

The new dating app industry code of conduct established by the Australian government has taken effect as of October 1st, requiring dating apps to adhere to certain standards in an effort to better protect their users.

The new code requires dating apps to make “prominent and transparent” to users how to report someone or file a complaint on their platforms, according to Associated Press. The code also requires dating apps to detect potential incidents of online harm, and that the accounts of offenders are terminated.

A pervasive problem is that users who have been blocked on one platform can join another, so the reporting process is key. Communication Minister Michelle Rowland said in a statement: “If there are grounds to ban a particular individual from utilizing one of those platforms, if they’re banned on one platform, they’re blocked on all platforms,” according to AP.