Bumble Inc

Whitney Wolfe Herd, founder and CEO of female-friendly dating app Bumble, was just named to Forbes’ “30 Under 30” list, and is featured on its December 2017 cover. This is no small feat – her dating app has amassed a large following with 70% year-on-year growth, according to the article, and has 22 million registered users. In comparison Tinder has 46 million registered users and last year saw growth at 10%.

The company is also being eyed by Match Group, owner of dating app rival Tinder, and is said to be in talks for over a billion dollars as an asking price. Herd turned down the company’s original offer of $450 million, according to recent reports.

Market analysts have a fascination with Tinder and Bumble, the two fastest-growing dating apps in the online dating industry. Rumors have been persistent that Match Group and Tinder was interested in acquiring the female-friendly dating app for around $450 million as reported back in August of this year, but the company turned down the offer.

Now it seems that Match Group, the parent company of Tinder, is reportedly still in talks to acquire Bumble, but now for a much heftier price tag of one billion US dollars, according to a recent article in Forbes.

Currently, Match Group has only $500 million in cash and a market cap of under $8 billion, according to website TechCrunch. So potential options would be to fund Bumble with some debt, or to do a cash/ stock combination deal, or even to acquire a portion of the company rather than all of it.

Online dating algorithms have gotten a lot of attention (and criticism) because they’re the basis of how matchmaking works. Many dating apps are secretive about their matching process, but traditionally, algorithms match people on the basis of profile information, questionnaires, and user preferences.

But according to a recent article by Gizmodo, online dating companies can collect more information about their customers through analyzing user behavior, which includes what users do on social media as well as on the dating app. Companies are now starting to use this behavioral data for matchmaking purposes rather than relying on profiles and user preferences.

eHarmony, Match and OkCupid are known for their long surveys and profile questions, which they maintain helps them more accurately assess potential matches. But dating apps like Tinder, Bumble and LoveFlutter prefer mining users’ social media streams, bypassing questions and looking to online behavior.

For information on the science of attraction, few names carry more weight than Eli Finkel.

Finkel is a professor at Northwestern University who studies interpersonal attraction, marriage, conflict resolution, and how social relationships influence goal achievement. In his role as director of Northwestern’s Relationships and Motivation Lab (RAMLAB), he has published 130+ scientific papers and is a regular contributor to the Op-Ed page of The New York Times. He’s also the author of a best-selling book, The All-Or-Nothing Marriage, and was called "one of the leading lights in the realm of relationship psychology” by The Economist.

So when Finkel makes a pronouncement about dating, we listen. His most recent research has looked into dating services and matching algorithms, in hopes of answering the most important question of all: do they actually work?

Popular dating app Bumble is a rising star among competitors to Tinder, mainly because of its female-friendly focus, giving women the power to initiate contact with matches. Now, Bumble is expanding beyond the dating scene with its new platform BumbleBizz, aiming to connect professionals looking for a new job, a business partner, or to hire new talent.

According to a feature in Fast Company, Bumble aims to give LinkedIn a run for their money, focusing once again on women in the workplace. Bumble itself is a female-only operation, with CEO Whitney Wolfe (a former co-founder of Tinder), at the helm. She has hired a team of women to help grow the company and launch BumbleBizz.

Notably, Wolfe is aiming to attract women. BumbleBizz works as its dating app counterpart does, where anyone can create profiles and swipe, but women initiate contact. While LinkedIn might be king of networking opportunities, Bumble aims to give it a run for its money by targeting a female demographic and giving them a leg-up.

Dating apps are proving to be a surprisingly loud voice in the fight against hate, harassment, and cruelty.

First, Tinder spoke out for animal rights by asking users to remove photos taken with tigers, which are often mistreated in the name of letting tourists take selfies with the world’s wildest inhabitants.

Then, OkCupid took a stand against harassment and unwanted, sexually explicit messages by introducing a Member Pledge to remind users to treat each other with kindness and respect.

Now, following the violence and tragic death of Heather Heyer in Charlottesville, Virginia, dating services are again stepping up to ensure their users can meet in a safe and welcoming space, free from hatred and discrimination.