Finances

Dating app Grindr was ordered to pay a $5.7 million fine by a Norwegian Court, after the company was found to have violated EU regulations by sharing personal user data with third parties.

The court found that Grindr violated the GDPR by sharing sensitive data with third party advertisers, according to Agence-France Press. Norway’s data protection agency Datatilsynet found that the company had shared information such as geographical location, age, sexual orientation and health information such as HIV status with advertisers.

Grindr was accused of sharing this data between 2018 and 2020.

Bumble is expanding its focus with the acquisition of Geneva, a platform built around connecting people with groups and clubs to help “build community.”

According to Tech Crunch, the acquisition further expands Bumble’s platform beyond dating in the hopes of gaining new users and growing revenue. As Tech Crunch noted, the company laid off a third of its workforce earlier this year, and has been struggling to increase its paying userbase along with other dating apps.

The terms of the deal were not disclosed with the announcement according to Tech Crunch, but as it pointed out, Bumble CEO Lidiane Jones has said that the company will be pursuing acquisitions to drive growth. This new purchase indicates the company is interested in community-building on its platform, likely to drive engagement.

Image: Hinge

Match Group announced in its first quarter earnings report that Tinder’s paying users were down for the sixth quarter in a row, but Hinge’s paying users continue to rise.

According to Tech Crunch, Hinge has seen a whopping 31 percent increase in paying users year over year, now up to 1.4 million. This is far less than Tinder’s 10 million paying users, but as Tinder continues on its downward trend, its paying users dropping 9 percent from this time last year, Hinge offers a beacon of hope.

Dating apps in general have struggled in the last year, and companies like Match Group and Bumble have been trying to address it with more exciting paid features and additional security protocols, like Verification on Tinder. However, dating app users continue to drop their subscriptions and opt not to pay for features, especially younger users who are turning to free platforms like social media apps to connect.

Dating app Tinder continues to lose paying subscribers according to Match Group’s latest earnings report. Match Group’s overall revenue for Q1 has been impacted by Tinder’s ongoing struggles, but it continues to hold strong in the dating app market overall.

According to Fast Company, Match Group said that Tinder’s paying user base for the first quarter fell 9 percent from the same quarter last year. The company’s CEO Bernard Kim remained optimistic, saying that they expect to slow user declines in the second half of the year.

However, Match Group’s revenue is up, with net income at $123.2 million for the first quarter of 2024 compared to $120.8 million this time last year, according to Marketwatch. Revenue rose 9 percent for the company to $859.6 million, compared to $787.1 million the same time last year. (Match Group revenue also beat overall analyst expectations of $855.8 million.)

Dating app Grindr has been sued in the U.K. for allegedly selling the HIV status of its users to third parties.

According to the BBC, the claim was filed in London’s High Court, and alleges that “covert tracking technology” was used to track and illegally share the personal health status of users with advertisers. More than 650 claimants were affected along with reportedly thousands of other U.K. users.

Sharing personal and sensitive data of users with third parties without their consent is illegal in the U.K.

The lawsuit says the information shared with third parties includes the ethnicities and sexual orientations of users. It also says the sharing of such information took place primarily before April 2018, though some data was shared as recently as April 2020. The lawsuit specifically names two companies which help app developers analyze user engagement, Apptimize and Localytics, as involved third parties with access to the data. The lawsuit also claims that these outside firms might have retained some of the sensitive data for their own purposes.

Grindr has hired the two founders of Athena, a fitness community app, to join its team.

According to Axios, the gay dating app company hired Athena co-founder and CEO AJ Wolf as a senior manager of product finance, while co-founder and technology chief Max Roche is joining as a senior iOS engineer.

Axios noted that Grindr did not acquire any of Athena’s assets.

There is not much detail about the hirings, but Grindr has been looking into areas outside of dating to build community on its platform. One area Grindr CEO George Arison has focused on is travel. The company recently released a feature called Teleport to allow users to set their location to a place they plan to travel so they can connect with others before they arrive. Tinder has a similar feature called Passport.