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Match Group Shares Rise Following News of S&P 500 and Loosening of App Store Rules 

United States
  • Monday, September 27 2021 @ 09:14 am
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Shares for dating conglomerate Match Group soared in early September, following the company’s new listing to the S&P 500. As of September 20th, Match Group will replace Perrigo Company, according to an announcement by the Dow Jones Indices.

Stocks tend to rise after being added to the S&P 500, as they become a “must-buy” for index funds, which track stocks on the benchmark index. Shares of Match Group are up more than 50 percent since this time last year with after-hour gains according to CNBC. This is more than a year after the separation from its former parent company IAC in July of 2020.

News of the Match Group’s rising share price also follows Apple’s announcement that it will relax its app store rules, which Match Group, Spotify and a number of other companies have been fighting for over a year. Apple agreed that the companies can provide a link to their websites from the apps for users to sign up for subscriptions, allowing the developer to bypass Apple’s cut, which was anywhere from 15 to 30 percent of sales. 

Bumble and Tinder CEOs Launch Funds to Assist Those Affected by Texas Abortion Law

United States
  • Friday, September 24 2021 @ 09:56 am
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The CEOs of dating companies Match Group and Bumble have created relief funds for people in Texas affected by the new abortion ban.

The new law, also known as SB8, prevents women from having abortions after six weeks, long before most women know they are pregnant and effectively banning them altogether. In addition, citizens have been empowered and incentivized to bring civil lawsuits against anyone involved in assisting a woman getting an abortion, including doctors, family members, and even rideshare drivers. As a result, the female CEOs of two dating companies based in Texas – Match Group and Bumble – are fighting back on behalf of women by setting up funds to help people receive care out of state.

According to CNBC, Match Group’s CEO Shar Dubey announced that she will personally finance and help the company’s Texas-based employees receive out of state care if they need it. Bumble’s Whitney Wolfe Herd announced the company will create a fund for people in Texas who need access to care and send the money to organizations that support reproductive rights. 

Vatican Braces for More Clergy Members to be Outed For Using Grindr 

United States
  • Friday, September 10 2021 @ 12:14 pm
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Clergy Members may be using Grindr

The Vatican and Catholic Churches in the U.S. are bracing for more of its clergy members to be outed for using gay dating app Grindr.

The Pillar published a report that based on “legally obtained” data there seem to be “at least 16 mobile devices [that] emitted signals from the hookup app Grindr on at least four days between March to October 2018 within the non-public areas of the Vatican City State, while 16 other devices showed use of other location-based hookup or dating apps, both heterosexual and homosexual, on four or more days in the same time period.”

The Pillar maintains that this information was obtained through commercially available app signal data, not through hacking, and that it pulled data from rectories and other clerical housing from 2018 through 2020.

New Tinder Study Finds Dating App Behavior is Changing in India

India
  • Friday, September 03 2021 @ 10:19 am
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  • Views: 899

Tinder released a new study of dating app users in India, finding that their attitudes and behavior are changing, particularly in the last year as people grappled with dating during a pandemic. The company found that users engaged with each other over the app 32 percent longer compared to this time last year, and nearly half had video chatted with a match.

The company’s Future of Dating report also found that individual engagement on its app had increased – with swipes up 11 percent and matches up 42 percent per user over the same period.

The study points out that many of India’s dating app users are younger and aren’t necessarily looking for anything serious, a shift from the traditional marriage-focused dating culture. In fact, 62 percent of respondents said they wanted to “see where things go” when it comes to meeting new people and weren’t comfortable conforming to society’s expectations of dating. 

OkCupid Debuts New Campaign Focusing on Inclusivity

United States
  • Saturday, August 28 2021 @ 10:05 am
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  • Views: 1,100
OkCupid has debuted a new global ad campaign called Out of Home

OkCupid has debuted a new global ad campaign “Out of Home” (or OOH) to celebrate people meeting in person again - but with a focus on inclusivity.

The creative was developed by Italian artists Maurizio Cattelon and Pierpaolo Ferrari in partnership with creative agency Mekanism, and features colorful depictions of OkCupid daters in celebration of their individuality. Website The Drum also noted that the new campaign is also a nod to the diverse user base on the platform. 

One ad reads “tree hugger” and features a tree growing out of a dater’s boxer shorts, watered by someone off-camera with a watering can. “Every single vaxxer” features a couple kissing, their tongues becoming one. And another reads “every single cuddler” with a couple embracing with multiple arms. Each of the ads has bold coloring and a rich array of ethnicities, genders, and sexual preferences. 

Dating App Users Reached an All-Time High in July

Australia
  • Wednesday, August 25 2021 @ 09:57 am
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  • Views: 1,051
Dating App Users Growth

Dating app users flocked to dating apps during the month of July, setting a new record for activity and engagement, according to a recent study from Apptopia.

The app research firm has been collecting data since 2015 and found that active daily users on the most popular dating apps – including Tinder and Bumble – jumped to almost 15 million in July, an all-time high, as reported by Bloomberg. 

This follows news from media outlets anticipating a “hot vax summer,” where singles were getting ready to meet dates in person again after a series of lockdowns due to the Covid-19 pandemic. With the distribution of vaccines on the rise, especially in the U.S., U.K. and Australia, dating app users were getting vaccinated and flocking to apps to connect and schedule dates. 

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