Finances

The Right Stuff, a new dating app to help conservatives connect more easily, is set to launch this summer. Peter Thiel, a billionaire tech entrepreneur who founded PayPal, has already signed on as an investor, according to Axios.

Thiel has invested $1.5 million in the new app, whose target market are conservative daters who live in large cities that tend to be more liberal. The app will debut in Washington D.C. and at first will be invitation-only. It will be free to download and use, with paid and subscription options added later for those who want access to more features.

John McEntee, a former political aide for the Trump administration, founded the dating app to help conservative singles find like-minded partners. “Conservatives deserve an easy way to connect,” McEntee said to Axios.

Bumble made its first acquisition by purchasing fast-growing French dating app Fruitz. 

Fruitz is particularly popular with younger Gen Z daters in France, and Bumble will be adding it to its suite of apps including Badoo, which is popular across Europe. Fruitz caught Bumble’s eye because of its growth among this demographic in Western Europe – including Belgium, Switzerland, Spain, Netherlands in addition to France. Fruitz is also gaining ground in French-speaking Canada.

Bumble will not be rebranding Fruitz, according to Tech Crunch. It will provide the resources for Fruitz to expand and operate however, including AI technology, safety features, and marketing. Currently Fruitz is available free for download but users can purchase additional features for a cost.

Apple has complied with the rules of Dutch regulators to allow third party payment systems for dating apps instead of going through the Apple Store. However, it will be charging a 27 percent commission to allow these platforms to operate.

Tech Crunch reported that dating apps in the Netherlands are no longer required to go through the Apple Store for handling payments and billing questions, nor are they required to pay Apple 30 percent for each transaction made over a dating app. The Netherlands Authority for Consumers and Markets previously fined Apple $5 million euros per week until it complied with its order.

However, dating app developers who use a third-party payment system are now required by Apple to pay a new commission of 27 percent, just slightly below the old charge. Apple is also requiring app developers to send a report of digital sales so they can invoice. And  as Tech Crunch pointed out, dating app developers looking to expand offerings to the Netherlands will have to submit two different apps for approval – the Dutch app and non-Dutch app.

China-based dating app Yumi has started beta testing experiences in its new metaverse, called Meta Town, hoping to attract young Gen Z daters who are interested in immersive experiences.

Users can create avatars based on their photos, explore the metaverse to find other virtual daters, and have real-time audio conversations with “artificial intelligence-powered translation,” according to the South China Morning Post, making it easier for daters who don’t speak the same language to connect.

The metaverse is a platform where people can interact via avatars in real time and in different virtual spaces, often with the ability to exchange virtual goods and services. 

Apple has been fined five million euros for not complying with a recent ruling regarding dating apps leveled by the Authority for Consumers and Markets, a watchdog agency in The Netherlands.

The ACM said that Apple had not yet complied with its order to allow third-party payment options for dating apps on the Apple Store platform, which was issued in late December. The agency also said that it would continue to fine Apple five million euros per week (roughly $5.6 million US) until it properly complies with the order, up to $50 million euros in total, according to The Verge.

The issue is that while developers can now let Apple know if they are interested in using third party payment systems in their apps, Apple has not provided a straightforward way to do this, and there is very little technical support in place from Apple to help developers move forward. Another issue is that Apple is forcing developers to choose between two options: directing users to a third-party site to complete transactions outside of the Apple Store, or to stay in the Store’s ecosystem if they want to keep in-app purchases as an option for users.

An investigation by a UK consumer rights group found that dating app Tinder is charging users over 30 as much as 48 percent more for its premium service Tinder Plus.

The advocacy group Which? said its findings show that Tinder may be discriminating against older users, a “potential breach of UK law,” according to The Daily Mail. The group has reported its findings to the EHRC (Equality and Human Rights Commission) and the Information Commissioner’s office (ICO) and asked them to investigate. The EHRC found the findings “concerning,” according to The Daily Mail.

Which? asked a sampling of 200 people to create real profiles on the dating app and to find out the pricing for the premium services like Tinder Plus, which unlocks certain popular features like unlimited likes and the ability to “rewind” or go back to check out a profile you already swiped left on.