Milestones

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.

Tinder just announced a host of new features for its app, along with its “Rizz-First” redesign, an obvious move to court the coveted Gen Z market.

While adopting the popular Gen Z slang for “charisma” was widely seen as a cringeworthy move for the dating app company, experts also agree that trying to appeal to the Gen Z market is important for dating apps, especially as subscriber bases and revenue are falling. The new Rizz-First look includes enhanced and updated animations, a new “It’s a Match!” screen, and prompts and quizzes that younger daters prefer when getting to know someone over an app.

According to the company’s announcement, the team saw a growing need to provide a more engaging experience. In fact, Tinder’s recent Future of Dating Report found that 69 percent of Gen Z daters say that dating standards need “refreshing” to fit a modern and diverse society. Overall, daters need a bit more than a photo, a brief bio, and a swipe to feel connected to someone.

X, the social media platform formerly known as Twitter, will be expanded to include a dating app feature.

According to Fox Business, Musk recently held a company-wide meeting on the anniversary of his acquisition of Twitter to announce where he sees the platform headed. At the meeting, employees report that he said that X will become a “fully fledged” dating app in 2024, according to Business Insider.

At the meeting, he also mentioned that banking and transaction features will be added to the app in the near future, referring to these two major moves as being part of the new “everything app” he envisions for X.