Bumble

Image: Bumble

Dating app Bumble has released a new safety guide for online daters in India to address safety issues and the rise of cyber bullying, which are rampant on online platforms.

The guide is part of a new initiative called “Stand for Safety” according to The Hindustan Times. The move is in partnership with Safecity, which helps women across the country to identify, prevent and combat abuse on online platforms. 

Bumble conducted a survey among its users in India and found that 83 percent of women experience online harassment of some kind, and one-third of women experience it at least weekly. Almost 70 percent feel that cyberbullying has also increased since the pandemic took hold and lockdowns began. These numbers alarmed company executives, whose mission it is to improve safety for women on its platforms, so they decided to take action by publishing the guide. 

Dating app Bumble just launched Night In, a new game feature that matches can play on a virtual date. In addition, the female-friendly dating app has revamped Boost, its mid-range paid service that now allows users unlimited swipes, “backtracking” and match extensions. 

Night In is an in-app game that’s meant to operate as an ice breaker. The feature provides a series of trivia questions that you and your Bumble date can answer together on a virtual date, according to The Verge. Bumble users can access Night In using the new icon in a chat message, where they can schedule the date ahead of time (as long as it’s between 6pm and midnight). Both participants will receive notification reminders ahead of the date.

Dating app Bumble just reported revenue in Q4 of 2020 that exceeded expectations, prompting shares to jump as high as 5 percent. This news comes on the heels of the company’s stock market debut.

The company reported revenue of $165.6 million in the fourth quarter, a 31.1 percent increase for the first earnings report since the company went public, according to Reuters. (Analysts had originally expected revenue of $163.3 million.) Bumble expects the current quarter to generate between $163 million and $165 million as well. 

Reuters also reported that Bumble attributed the fourth quarter success to daters having “pent-up demand” for in-person dates again after a year of lockdowns in the wake of a global pandemic. They expect their numbers to grow as more people get vaccinated and restrictions are lifted.

Image: Bumble

Female-forward dating app Bumble said it will ban users who engage in body-shaming on the app.

The company said that it’s employing an algorithm that identifies and flags users engaging in derogatory language that is “fatphobic, racist, or homophobic,” according to The Guardian. Once these accounts are flagged, moderators will analyze the conversation to determine whether the user violated the new policy. If they are determined to have used inappropriate language, they will receive a warning, and if they engaged repeatedly in such language or hateful rhetoric, they will be banned.

Dating app Bumble set the terms to raise as much as $1 billion for its initial public offering. The company is expected to make its stock market debut later this month.

According to Bloomberg, Bumble plans to sell a total of 34.5 million shares for $28 to $30 per share to reach its goal. This information was disclosed earlier this week in a filing with the Securities and Exchange Commission. If shares go for $30, Bumble would be valued at over $6 billion including debt after the listing, according to Bloomberg. This is based on the outstanding Class A shares in its listing document.

A new investment scam targeting dating app users has been detected by Interpol, according to ZDNet.

The International Criminal Police Organization (Interpol) issued a “purple notice” to 194 member countries, describing a new money-making scheme on dating apps, according to ZDNet. Interpol stated that the scam “takes advantage of people’s vulnerabilities as they look for potential matches, and lures them into sophisticated fraud scheme.”

The scammers have set up fake profiles in apps like Tinder, Bumble, and eHarmony, and match with users who don’t know they are scammers. The scammers then message their targets pretending to be interested in them romantically in order to build trust, occasionally giving them investment “tips” to turn the conversation towards money.