Events

Match Group CFO Steven Bailey

Image: Match Group

Match Group has promoted Steven Bailey to the position of CFO, taking over for Gary Swidler as he continues in his role as president of the company.

Bailey is currently senior vice president of financial planning and business operations at Match Group, according to Reuters, and will assume his new position on March 31st. According to Reuters, his appointment signals the company’s commitment to “long-term strategic growth” and “strong cost discipline.”

Match Group’s most popular app Tinder has seen paying users and revenue fall in recent quarters, though Hinge continues to grow. The company has allocated a lot of resources to AI-driven features like photo selection and prompts that provide users help with crafting messages and bios, which seem to be the direction many dating apps are going. In fact, Grindr is testing out a new virtual wingman using generative AI.

Image: OkCupid

OkCupid has added a range of new politically-focused questions to its platform along with politically-themed badges ahead of the 2024 US election.

According to CNN, the new questions focus on voter behavior and help users choose more compatible profiles. Some questions include: “Are you voting in the 2024 presidential election?” and “What’s the most important issue to you in the 2024 presidential election?”

Other questions refer to whether singles are willing to bridge the political divide, such as: “Is it a dealbreaker if your date is voting for a different candidate than you in the 2024 presidential election?”

New gay dating apps like Scruff and Archer are positioning themselves to capture a bigger portion of the LGBTQ+ online dating market as Grindr complaints and technical issues rise.

Grindr has long been the most popular dating app for gay daters, but recently people have posted complaints on social media and online forums, saying that they are experiencing technical issues, not getting access to the features they paid for, and other problems, according to Mashable.

This year, Grindr has experienced significant bugs and periods of downed service. At the same time, it has asked its users to pay more to access certain popular features, including limiting both “taps” and “explore” features and requiring them to buy subscriptions.

Image: Tinder

Dating app Tinder is launching the in-app “Take Action Center” along with partner Vote.org to encourage people to register to vote and make a voting plan ahead of the November elections in the U.S.

According to Tinder’s press release, the Take Action Center is powered by Vote.org to make it easy for people to get the information they need to prepare for election season, including where to register to vote or how to check voter registration status, how to request a mail-in ballot, and where to vote (whether in-person, early voting, or dropping a ballot in the mail). Vote.org offers a range of information to voters, including polling locations and voter registration status. Tinder users who participate can also receive “I Voted” digital stickers to post on their profiles.

To help drive turnout, Tinder and Vote.org will also provide a GOTV (get out the vote) food truck outside of the Taylor Swift Eras Tour in Indianapolis, November 2-3. The food truck will feed concertgoers as well as provide them information about their voter registration and voting options including their polling locations (even for those traveling from other states).

Gay dating app Grindr has launched a new online show called Host or Travel, which explores different “gayborhoods” (or gay-friendly neighborhoods) around the world, launched in tandem with testing its new travel-friendly “Roam” feature.

According to the trailer for the show, Host or Travel features specific cities with prominent LGBTQ communities, and looks at their local cultures, nightlife, and events that might interest Grindr users. The show has featured destinations like Madrid, Spain; Rio De Janeiro, Brazil; Los Angeles, U.S.; Zipolite, Mexico; Berlin, Germany; and Malta.

The show centers on singles traveling to these key destinations and using the Grindr app to meet locals who can share insider knowledge and give them a peek into the gayborhood in each city, including private parties and hole-in-the-wall bars.

According to Mashable, Grindr is developing an interactive map to help users find LGBTQ-friendly hotspots in their cities like those featured in the show. The company is also highlighting its Roam feature which lets Grindr users temporarily set their location to anywhere in the world so they can chat with local matches and make plans ahead of a trip (similar to Tinder’s Passport feature).

Dating app companies like Tinder and The League are betting on in-person events to drive engagement on their online platforms and help attract new users.

According to The New York Post, dating app The League organized high-end events in New York, the Hamptons and even at the U.S. Open to drive engagement on its platform as well as to generate revenue. In fact, senior VP and head of marketing Lisa Kraynak told the Post: “It’s the beginning of a hybrid model in our largest market. The future is some combination of in-person, online and artificial intelligence.”

Dating apps have seen a decline in paying users in recent quarters, leading companies to try new features and even branch out into event organizing to appeal to daters who have become burned out from swiping. This hybrid model could prove effective, since dating apps are still the most popular way to meet people, according to recent studies, but coupling that with in-person events give people a better chance at connecting.