Finances

Match Group has won the lawsuit it brought against dating app Muzmatch for trademark infringement violation.

According to The Guardian, the UK intellectual property and enterprise court ruled in favor of Match, which owns popular apps like Tinder and Hinge. Muzmatch, a niche dating app for Muslim singles, could now be forced to change its name or pay damages, according to The New York Times.

Match Group claimed in the lawsuit that consumers might think Muzmatch was a “sub-brand” of theirs targeting Muslim daters because of its name. Deputy high court judge Nicholas Caddick QC agreed, stating that using “match” in its name “would have led some consumers to assume that the goods and services offered by Muzmatch were somehow connected with or derived from Match,” according to The Guardian.

Match Group triumphed over federal regulators in a lawsuit that would have had them pay $844 million for failing to remove fake messages and profiles from its Match dating app.

According to Bloomberg, U.S. District Judge Ed Kinkeade delivered the ruling and cited the Communications Decency Act, deeming Match a publisher, which means that since the company isn’t creating the profiles but instead just publishing them, they are ultimately protected from blame.  

In 2019, the FTC filed a lawsuit against Match for fraud, saying that it exposed customers to increased risk of being scammed and engaged in other deceptive and unfair practices, including tricking hundreds of thousands of consumers into buying subscriptions. According to Tech Crunch, the agency claimed Match knowingly profited from these practices, and it made deceiving users a core part of its business practices. It also said that 25 to 30 percent of registrations on Match came from scammers. 

Apple has extended a new proposal to Dutch regulators, who have continued to fine the company for non-compliance with its order.

The tech giant submitted a new offer to the Authority for Consumers and Markets (ACM) pertaining to the regulator’s order to allow dating apps to use third-party payment systems instead of forcing them to use the Apple Store, according to Tech Crunch. The ACM acknowledged receiving Apple’s proposal but shared no details publicly.

“We will now assess the substance of these proposals,” ACM said in a statement, according to Tech Crunch. “In that context, we will also sit down with various market participants. Our aim is to complete this assessment as soon as possible.”

Bumble’s stock jumped 20 percent after an earnings report from the company showed an increase in revenue for the fourth quarter of 2021, finishing far ahead of analyst expectations.

According to Yahoo!, Bumble’s overall revenue for Q4 in 2021 increased 25.7 percent to $208.2 million compared to $165.60 million for the same quarter the year before, including the negative impact from foreign currency movements year over year. Total paying users also increased 10.6 percent to 3 million, compared to 2.7 million at the end of 2020. Total average revenue per paying user (ARPPU) was $22.83 in Q4 2021, compared to $20.02 in Q4 2020.

While Badoo’s app revenue decreased 3.5 percent to $57.7 million compared with $59.8 million from 2020, Bumble app revenue was on the upswing with a 42.2 percent increase in revenue to $150.5 million in the fourth quarter last year, compared to $105.8 million the year before, not only offsetting but far surpassing the losses.

Dating platform Bumble announced that it will be stopping operations in Russia and Belarus because of the invasion of Ukraine. The company has removed its apps from the Apple Store and Google Play in both countries.

In addition to its signature apps, Bumble has removed its new and popular French app Fruitz, as well as Badoo which is popular across Europe, from app stores in Russia and Belarus, according to The Washington Post.

According to ABC local news in Texas, Bumble said it stands to lose about $20 million in revenue from Russia, Belarus and Ukraine due to the halting of operations. The Washington Post estimates this is less than .1 percent of the Bumble app’s revenue, and 2.8 percent of its revenue across all of its apps.

Dating app Tinder said that it would be ending the controversial aged-based pricing structure for its premium service Tinder Plus by the end of the second quarter.

The news follows a recent UK study that found users were paying wildly different prices to access Tinder’s premium service, typically based on age, which raised questions about discriminatory pricing.

According to Buzzfeed, the Mozilla Foundation and Consumers International took up where the UK consumer watchdog Which? and Australian consumer advocacy organization Choice left off when they first pointed out the issue of price discrepancies on the app. The researchers at Mozilla and CI didn’t find statistically different prices based on race, gender or sexual orientation, but did find it among different age groups.