Legal

Bumble Founder and CEO Whitney Wolfe Herd became a billionaire this week after Bumble made its stock market debut on February 10^th.

The company offered shares initially at $43 a piece (up from its proposed initial amount of $28 to $30 per share), valuing the female-focused dating app conglomerate at over $8 billion. Shares surged immediately, trading at more than $76 each, making the firm worth $13 billion by the end of the day, according to CNN.

Bumble is one of the most high-profile IPOs in the tech industry this year, and its 31 year-old founder is an anomaly among tech CEOs as CNN points out – she doesn’t come from a STEM background, she didn’t raise billions in venture capital, but now she is a young female billionaire.

The Norwegian Data Protection Authority has notified dating app Grindr that it could be fined as much as $11.7 million U.S. dollars for sharing the personal data of its users to third parties without their consent. The company has until February 15th to respond to the notice, at which time the Authority will make its final decision.

According to the report from Associated Press, Grindr’s data sharing practice was in violation of European Union privacy rules (GDPR), which requires app companies to let users know how their personal information is being shared as well as obtaining their consent. The Norwegian Consumer Council alleged that Grindr was sharing user information with third party companies so that they would be able to send more targeted ads to users of the app. However, Grindr’s customers weren’t given a thorough explanation of how their data was being used or asked if they consented to sharing it.

Some female Bumble app users are purposely matching with Trump supporters to identify participants in the attack on the U.S. Capitol, and then promptly turning them into the FBI.

One Twitter user posted that she had seen dozens of rioters using dating apps in the DC area and wondered whether it would be useful to law enforcement to gather evidence from these platforms. Immigration Attorney Allison Norris responded, saying her friend was already collecting evidence against them: "She's matching with MAGA bros and they’re bragging and sending her pics and videos of them in the Capitol," she tweeted. “She's sending them to the FBI." 

Match Group announced that it was adding new safety functions to its dating apps so that victims of assault can get responses and assistance when they report abuse. The company also said it will be meeting with Australian law enforcement officials in the coming weeks to address the problem.

Match Group moved quickly to respond to a recent investigative report from ABC (the Australian Broadcasting System) on its safety policies, exposing a problem that users of its Tinder app who reported sexual assault never received responses from the company. One victim named Beth who was interviewed by ABC said she was held at knifepoint and raped by another Tinder user she’d met over the app, and when she reported the assault, nobody contacted her about it.

Facebook has announced the launch of Facebook Dating in Europe and the U.K. following a nine-month delay from its original debut, which was scheduled for Valentine’s Day.

The new service is part of the larger Facebook Platform, and operates much the same as it does in the U.S. and other parts of the world, according to Tech Crunch. Users can pull photos and Stories from Instagram to populate their profiles. They can also use the Secret Crush feature to identify Facebook friends and Instagram followers that you are interested in without them knowing. If you both choose each other, then you are matched and can begin chatting – otherwise, your secret crush will never know you chose them.

A new report revealed that dating app scams in the UK had significantly increased during the summer as the coronavirus spread and lockdowns continued, and as more people turned to the apps for connection.

More than 600 reports of fraud a month were reported during June, July and August according to Sky News. In addition, there was a 26 percent increase in reported frauds overall during the past year. Since August of 2019, UK police have seen about 400 reports of fraud per month on average, with victims losing over 66 million pounds total over the past year.