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Tinder just announced a host of new features for its app, along with its “Rizz-First” redesign, an obvious move to court the coveted Gen Z market.

While adopting the popular Gen Z slang for “charisma” was widely seen as a cringeworthy move for the dating app company, experts also agree that trying to appeal to the Gen Z market is important for dating apps, especially as subscriber bases and revenue are falling. The new Rizz-First look includes enhanced and updated animations, a new “It’s a Match!” screen, and prompts and quizzes that younger daters prefer when getting to know someone over an app.

According to the company’s announcement, the team saw a growing need to provide a more engaging experience. In fact, Tinder’s recent Future of Dating Report found that 69 percent of Gen Z daters say that dating standards need “refreshing” to fit a modern and diverse society. Overall, daters need a bit more than a photo, a brief bio, and a swipe to feel connected to someone.

Peter English, who founded popular travel site Kayak.com, has turned to a new venture. He and his partner Rachel Cohen are launching an app called Lola Dating.

According to a feature in The Boston Globe, Lola is designed to get people to meet IRL. The app offers users a calendar up front, and invites them to look for openings over the next four days (the sooner they can schedule a date, the better it seems). Lola users can mark the times and dates they are free, and the app takes it from there, matching them only with people available on the same night. The app will only be available for residents of Boston at launch.

According to its founders, meeting in real life quickly is key. They met after connecting on Bumble and instead of messaging back and forth, scheduled to meet in person right away. They were both convinced that endless messaging without getting to know each other in real life was a real problem among dating app users.

College students are turning away from dating apps and prefer to meet others in person, according to a new study by Axios and Generation Lab.

The study polled almost 1,000 college students across the U.S. and found that an overwhelming majority of 79 percent do not go on dating apps or use them less than once per month. According to Axios, Tinder is still the favorite among young daters. Twelve percent of college students use Tinder at least once a month, with Bumble and Hinge close behind at 8 percent of students logging on at least monthly.

A caveat for the study: 55 percent of respondents said they were in a relationship already, so they didn’t need to use a dating app. But at least 64 percent of those met their partners outside of a dating app – either through classes, a party, or an introduction from a friend to name a few. Only 15 percent said they’d met through a dating app, according to PC Magazine UK.

A new survey of Bumble’s Indian users found that 63 percent want a date for Festival Season. Many singles work and live away from their hometowns, and crave companionship at this time of year.

According to Hindustan Times, the study also found that 36 percent of respondents like to enjoy festival season with friends, and 27 percent with their partners.

Festivals occur in India year-round, but perhaps one of the more famous festivals, Diwali, is a five-day festival that takes place in October/ November and represents the start of the Hindu New Year. Specifically, it celebrates Lord Rama and his wife Sita’s return to their kingdom after defeating evil demons, according to Hindu tradition. The festivities are planned around the lunar cycle.  

The stock price for dating app conglomerate Match Group dropped after the company revealed that its Tinder app saw a significant drop in paying users. Shares went down more than 15 percent to $29, the lowest price it has traded for since the company spun off from IAC in July of 2020.

According to Newsweek, Match Group sent a letter to shareholders in early November with the news that Tinder had lost 826,000 paying customers. CEO Bernard Kim said in the letter: "While our collective efforts have put the company on much improved footing, there is still much work to be done.”

Match Group’s reported third quarter earnings were a highlight - they beat analyst estimates ($881.6 million compared to the expected $880.6 million), according to LSEG, formerly Refinitiv.

Dating app company Match Group announced it had settled a lawsuit with Google concerning the tech giant’s payment requirements for its Play Store.

Under the terms of the settlement, $40 million currently in escrow will be returned to Match, according to The Verge. Interestingly, Match Group also agreed to Google’s “user choice billing system,” which still allows for Google to get a cut of all transactions, even if Match users pay via Match Group’s payment systems.

Specifically, the settlement notes that by the end of March 2024, Match’s apps will implement the user choice billing system, which means that when dating app members opt to pay using Match’s payment systems, the company will give Google an 11 percent cut of its subscription fees and a 26 percent cut of all purchases. Or for users that go through Google’s in-app purchase system, Match Group will pay Google its standard fees (15 percent and 30 percent, respectively) for transactions.