Hinge

Popular dating apps like Tinder, Bumble and Grindr are building and testing out virtual wingmen and other AI-driven tools on their platforms to help generate icebreakers and offer instant feedback, according to a new feature in The Financial Times.

Grindr chief product officer AJ Balance told the Financial Times that the gay dating app’s chatbot assistant called Grindr Wingman would help users with their dating “pain points,” like helping them initiate flirty conversation via curated prompts based on user profiles and chat histories.

“It’s that friend in the bar who’s helping you to ask someone out — but in the virtual context,” Balance told FT, saying that using AI in this way could help take the hard work out of online dating.

Dating app Hinge has taken marketing its product to a new level by creating an online zine with stories of six real-life Hinge couples. The anthology series is written by literary stars like Roxanne Gay, John Paul Brammer, R. O. Kwon, Isle McElroy, Oisín McKenna and Brontez Purnell, and is titled “No Ordinary Love.”

According to Marketing Dive, the anthology plays into Hinge’s current marketing campaign of “Designed to be Deleted.” The campaign is meant to encourage people to get off the app and meet each other in real life, and that most love stories aren’t linear and straightforward, and that’s okay.

The anthology is live with a dedicated website (no-ordinary-love.co) and will also exist as an 80-page print zine that will be available in New York and London starting September 9th.

Dating app giant Match Group announced its plan to cut six percent of its workforce after numbers for the company’s second quarter fell short of expectations, according to BBC.

Match Group owns the popular dating app Tinder (which has seen a significant decline in downloads), along with Hinge, Plenty of Fish and OkCupid, among others. The company’s second quarter earnings report showed an 8 percent decline among the number of paying Tinder users according to multiple reports. Hinge still remains a bright spot with significant growth.

According to BBC, Match Group said job cuts would largely come from shutting down its live-streaming app Hakuna and removing live-streaming features from some of its dating apps. (Despite the popularity of livestreaming dating apps in China, it hasn’t really taken off in the rest of the world.)

Tinder, Bumble and Hinge have seen surges in downloads and user activity around the Athlete’s Village in Paris as the 2024 Summer Olympics get underway.

According to The Daily Mail, these dating apps have reported thousands of new downloads. Athletes have gravitated to dating apps in the past to hook up during the Olympics, with the exception of an intimacy ban in 2020 due to Covid concerns.

Paris officials have  a different agenda from athletes, providing single beds made of cardboard so that they would be discouraged from having so much sex during the competitions. This has created a lot of buzz on TikTok, with athletes testing out the sturdiness of the beds by jumping on them. (They don’t break or fall apart.)

Starboard Value has taken a stake in Match Group, the latest firm to join the company’s activist investors and criticize executives for its financial performance.

According to The Dallas Morning News, Starboard has built a 6.6 percent interest in Match Group, the parent company of dating app Tinder. The popular dating app has seen a drop in paying customers for six straight quarters, with little sign that things will turn around soon.

Starboard joins Elliott Investment Management LP and Anson Funds Management LP, two other activist investors who have demanded changes in Match Group’s operations. Starboard is planning to push for selling Match Group if it fails to turn things around, according to Dallas Morning News.

Hinge and Grindr are two standout dating apps as they continue to grow in a tough market; powerhouses Tinder and Bumble are seeing more users leave their platforms.

In general, dating apps have had a rough couple of years, with the coveted Gen Z market looking to other options besides dating apps to meet singles, including in-person events, running clubs, and social media platforms like LinkedIn.

“Online dating trends have continued to decelerate industry-wide, showing minimal relief from the recent struggles,” wrote Morgan Stanley analysts Nathan Feather and Brian Nowak in their research, according to Quartz.