Bumble Rethinks Women Making the First Move for Its Relaunch

Bumble
  • Wednesday, March 27 2024 @ 07:31 am
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Bumble CEO Lidiane Jones is reconsidering the app’s signature selling point: a dating app where females make the first move. The app is scheduled to relaunch later this year, and it seems everything is on the table.

Bumble’s longtime marketing strategy and company mission was to appeal to women and help them feel empowered while using a dating app. Jones however feels that things have changed, and it has become a “burden for a subset of our customers today," according to Yahoo! Finance.

The company has been testing out alternatives, from sending prompts to help women start conversations (and reduce their anxiety about doing so) or they can choose to let their matches start conversations instead.

Match Group Gains a Second Activist Investor

Match Group
  • Tuesday, March 26 2024 @ 10:00 am
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Anson Funds

Dating app conglomerate Match Group has attracted its second activist investor Anson Funds Management LP, who have built a stake in the company.

Bloomberg, who broke the news, also noted that shares of Match Group fell 0.9% in mid-day trading the day the news was released.

Bloomberg also reported that Anson is trying to “change the composition” of Match Group’s Board of Directors, citing reputable sources. The investment firm also discussed with Match Group’s management about embracing AI in its products, which Match Group has already been doing.

Yoel Roth Joins Match Group as Head of Trust and Safety

Match Group
  • Friday, March 22 2024 @ 11:44 am
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Yoel Roth, former head of Trust & Safety at Twitter, has now accepted a position as vice president of trust and safety at Match Group.

According to Tech Crunch, Roth will be responsible for developing policies and standards concerning safety across all Match Group apps.

The new VP made the announcement on his LinkedIn page: “As they say… some personal news! I swiped right on Match Group! 15 years ago, I started studying what we now call ‘trust and safety’ because the then-new world of dating apps felt like the Wild West; it’s truly a dream come true to get to roll up my sleeves and work to protect the millions of people making connections on our apps worldwide.”

Tinder Agrees to More Price Transparency for EU Users

Tinder
  • Wednesday, March 20 2024 @ 08:15 am
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Dating app Tinder has agreed to provide more transparency about its pricing for premium services to users in the EU. The agreement follows a probe from the European Union’s consumer watchdog agencies when complaints surfaced from daters who were charged different fees for the same service.

According to Reuters, Tinder agreed to better inform users about its pricing, specifically the personalized discounts it offered. Users who showed little interest in purchasing one of the dating app’s standard premium services were later offered personalized discounts to get them to pay for Tinder. It was also disclosed that the app was using automation to identify these users and to personalize the prices for them.

In fact, a study in Sweden in 2022 showed that Tinder was offering 36 different “personalized” price levels, ranging from about $3 U.S. to as much as $36 per month for the same premium service, which prompted the investigation.

Despite Being Scammed Users Return to Dating Apps

Scams
  • Monday, March 18 2024 @ 11:42 am
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A new report on dating app security found that a majority of 70 percent of dating app users had been scammed on one of the dating platforms.

According to Newsweek, the study surveyed people who had used dating apps over the past three years, and 93 percent said they would go back to using the apps, even those who said they were scammed or had their information stolen.

When users sign up for these platforms, their personal information, even social security numbers, become vulnerable to scammers. Sixty-nine percent of those surveyed said they were asked to verify their identity on a dating app and 65 percent said they’d provided their social security numbers.

Grindr CEO is Hopeful About Restructuring App to Add Travel Features and Go Beyond Hookups

Grindr
  • Friday, March 15 2024 @ 02:29 pm
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Grindr CEO George Arison is hoping to turn things around for the popular gay dating app after a tumultuous year with employees, investors and app users alike. He is focusing on moving Grindr beyond a hookup app, and in streamlining costs.

According to a feature in The Financial Times, an “a la carte” payment option for travel services will be added to boost the company’s revenue. Arison noted that travelling to events such as Aspen Gay Ski Week and New Year’s Eve in Rio de Janeiro is hugely popular among Grindr users, and the company sees advantages to offering those attending a way to connect.

Grindr is currently testing a feature called Teleport, which lets users place their profile in a new location for an hour to connect with others before traveling to that place. Tinder has a similar feature called Passport, where users can mark their location at a place where they are traveling.

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