Milestones

Birth rates have gone down in Japan, so the local Tokyo government wants to tackle the problem with a new government-issued dating app in hopes of sparking some romance.

The big selling point for this dating app is that you won’t have to endure the high numbers of bots that come with regular dating apps, and that the platform offers a more secure online dating experience for users. The new app is backed by a government-approved vetting process, which requires users to prove their marital status and income and to take part in an online interview to confirm their identity, according to Sora News 24.

The app will be run by a private company, but the government will require official documentation from users to prove their marital status and identity, according to Nikkei Asia.

Shares of Match Group rose as much as 12 percent after The Wall Street Journal reported that Elliott Management had invested almost $1 billion in the company.

According to the report, Elliott has a long history of success in tech investments, including in Salesforce and Pinterest. The Match Group investment showed signs of promise to investors who have recently shied away from dating app companies in the wake of decreasing revenues and management turnover. As a result, share prices for Match rose as high as 12 percent and ended the day up 3 percent.

According to CNBC and The Wall Street Journal, Elliott plans to engage with Match Group’s management, but it is unclear as to how involved they will be, and if that would include nominating its directors. Match Group recently appointed a new CEO for Tinder, so Tinder’s previous acting CEO Bernard Kim can focus his attention on Match Group’s entire suite of apps, which include Hinge, OkCupid, Match and BLK.

Image: Tinder

Match Group has promoted Faye Iosotaluno to head up Tinder as its new CEO, replacing Match Group CEO Bernard Kim.

According to Tech Crunch, Iosotaluno has been at Match Group since 2017, and was promoted from Tinder’s chief strategy officer to the company’s chief operating officer in 2022, when former CEO Renate Nyborg left. Kim has been acting CEO of Tinder until a replacement for Nyborg was made.

“Faye’s understanding of the dating category is unparalleled and coupled together with her remarkable leadership capabilities, I know Tinder will continue to lead the category,” said Kim in a statement.

The founder of Hinge, the fastest-growing app in parent company Match Group’s portfolio, says AI will change the game for dating apps.

McLeod spoke to the Financial Times about a range of topics, including Hinge’s success and where he sees it going, and the advances with generative AI. He noted that the key with AI and dating apps is continually “dialing up the sophistication of our matching algorithms” so that it continues learning about the nuances of preferences and delivering better results, according to The Financial Times.

“Every single time someone goes on a great date, we can look at all the information that led up to it, “ McLeod told the Times. “Everything from their profile information to their behavior on the app, to how many matches they had at the time that they met.”

eHarmony has revealed the next chapter in their journey with the introduction of an updated visual identity. The update features a contemporary wordmark, a modern color palette, and a minimalist icon – all designed to elevate the user experience and attract more singles on the dating service.

eHarmony states that "these changes not only underscore our dedication to innovation but also strengthen our commitment to fostering meaningful and enduring connections."

Many of the larger dating apps recently like Tinder, have also revamped the design of their dating apps. These companies feel with the worst of the pandemic behind us now, dating singles are looking for a change. A redesign helps with this transition and keeps many daters on the service they started on, instead of moving to another.

Renate Nyborg, former CEO of Tinder, is launching new AI-based app Meeno to help people combat loneliness and guide them in their relationships.

According to Euro News, Meeno isn’t a dating app – instead, it acts as a “personal mentor” for navigating relationships. It operates differently from a virtual girlfriend (or boyfriend), therapist, or coach, according to Nyborg. Instead of finding you a date, it will help guide you in understanding relationships, so you can feel more comfortable interacting and connecting in real life.

Nyborg told Euro News that the young people who originally built swipe-based dating apps like Tinder are now moving to build apps that help you return to “real-life connection,” because they find the dating app experience lacking. Recent studies have also pointed to a rise in loneliness since the pandemic, where people were mostly socializing over screens.