Tinder

The emails at the heart of the case against Match Group and IAC have been revealed, just prior to the trial which is set to begin in November. Former Tinder CEO Greg Blatt was accused by former Tinder employees, including founder Sean Rad, of undervaluing Tinder’s worth to cheat them out of billions of dollars in stock options. 

According to The Daily Mail, emails revealed that Blatt valued the dating app at nearly $12 billion in 2016, more than a year before Match Group valued Tinder at only $3 billion as Sean Rad and other employees were forced to exit the company. Rad and the other plaintiffs who filed the lawsuit claim Blatt purposefully devalued the stock in their negotiations, citing the emails as evidence. 

Match Group owns dating app Tinder, and they along with IAC are the defendants in the lawsuit.

Image: tinder

Tinder has announced another new feature aimed at helping singles during wedding season: Plus One.

According to the company’s press release, users are now able to enlist in the Plus One option to let other Tinder users know they are looking for a date to a wedding (or that they are willing to be a plus one for someone else). Plus One is found in the new Explore section of the app, where most of Tinder’s newest features can be found.

The dating app company is also trying to incentivize people to use Plus One, offering the first 100 eligible Tinder users who join $460 to cover the cost of wedding expenses, which can add up quickly. The money can go towards travel, lodging, or even a gift for the happy couple. Tinder partnered with online wedding resource company WeddingWire, who suggested the prize money based on the average amount people spend to attend a wedding.

Green dating is becoming a trend among UK daters, according to a new study by dating app Bumble.

In recent months, Bumble added a feature for daters to include values in their profiles, not only to highlight their priorities to other daters, but also to support a cause, including for environmental, social or political justice. Each time a user sends a message to another user, the company will donate to select organizations that work for these causes. 

According to Bumble, 27 percent of UK users selected “environmentalism” as their highest value.

Scammers stole more than $1.4 million from users of popular dating apps like Tinder, Grindr and Bumble, among others. Dubbed “CryptoRom” by cybersecurity research firm Sophos, the attackers feigned romantic interest with victims to build trust, and then lured them into downloading fake cryptocurrency apps.

According to reports, these scammers used Apple’s Enterprise Development platform to push the fake cryptocurrency apps, which gave the victims a sense that they were legitimate, but in reality, this allowed scammers to bypass the normal app review process. 

The CryptoRom attackers set up fake profiles on dating apps and strike up conversations with users, later moving them to messaging apps. After a time, the subject of cryptocurrency is introduced into the conversation, and the scammer asks the victim to install the fake crypto trading app to make an investment. At first, the victim makes money and is allowed to withdraw from their account, providing a false sense of security. Soon after, they are asked to make a more substantial contribution, and if they do, the scammers not only refuse their withdrawal requests, but blackmail them to invest more and take the money they already paid if they refuse.

Tinder has partnered with ride sharing company Lyft to let users purchase rides for their dates, encouraging people to meet for dates after more than a year of lockdown restrictions from Covid-19.

The new feature can be found in the company’s Explore section of the app, where a user can buy a ride credit for a person they have matched with, according to The Verge. While the person buying the ride credit can set the meeting location, time, and how much they want to spend, they won’t be able to see their match’s address or other personal information. 

If you are the recipient of a rideshare gift, you have the option to turn it down. When someone has purchased a Lyft ride for a match, the match is sent a link via a phone number or email address, and it is up to that recipient to accept or reject the ride. The Verge points out that while this is a good step in enacting some safety precautions for users and giving them some control, there should also be a way to opt out of the feature altogether. (Currently, there’s not.) 

Tinder is breaking new ground in the dating app industry by offering its own in-app currency for users to spend as they swipe. 

According to Bloomberg, Tinder will be testing in-app “coins” that users obtain by keeping their profiles updated and being active on the app, or alternatively, they can purchase them with real money. The coins can be spent on paid features Tinder offers like Super Likes (letting someone know you’re very interested) and Boosts (which promote your profile to other users).

Tinder is expanding its offerings beyond the swipe to create more stickiness with young daters, and the new currency is a way to monetize these features as people spend more time on its app. The company announced the launch of the Explore section in September, which features short form original content like its hit series Swipe Night and virtual speed dating with “Hot Takes.”