Dating Services

Tinder just debuted a new ad campaign in time for the holidays, one of the busiest times of the year for dating app users. The company hired creative agency Mischief@NoFixedAddress to appeal to young Gen Z daters, its target audience.

According to The Drum, the new ad tagline is “you’re not for everyone,” and highlights in a funny way some unusual passions of singles that not everyone will find endearing. The ad is meant to assure its users that no matter how unique their interests are, there will always be someone who’s into the same things.

The first ad features a woman doing astral projection from her living room floor surrounded by candles who loses her zen focus when a roommate wanders in.

Match Group has agreed to pay $441 million in a settlement with some of Tinder’s former employees, shutting down the lengthy trial before closing arguments, according to Reuters.

The plaintiffs included Tinder co-founder Sean Rad among other former employees, and the trial got heated between Rad and former IAC CEO Barry Dillard. Prior to the trial, emails from former Match Group CEO Gregg Blatt were released to the public, showing that he tried to woo talented people into key roles at the company with a higher stock valuation compared to what he told the Tinder employees who had options to exercise.

According to The Daily Mail, emails revealed that Blatt valued the dating app at nearly $12 billion in 2016, more than a year before Match Group valued Tinder at only $3 billion as Sean Rad and other employees were forced to exit the company. Rad and the other plaintiffs who filed the lawsuit claim Blatt purposefully devalued the stock in their negotiations, citing the emails as evidence. 

Match’s latest Singles In America study found that a majority of daters are looking for maturity and stability in a relationship, a result of people feeling lonely and isolated from the pandemic and longing for deeper connection.

According to the study, only 11 percent of singles want to date casually, while 62 percent say they seek more meaningful, committed relationships. And 65 percent are eager to find a relationship within the next year, particularly younger singles – 81 percent of Gen Z daters and 76 percent of Millennials.

Match also found that 83 percent of singles said they want a partner who is emotionally mature, and 76 percent said they want a partner who is looking to get married. This is up from 58 percent just two years ago, and interestingly, younger adults and men are most interested in marriage.

Shares for Bumble Inc, which owns the popular dating apps Bumble and Badoo, fell more than twenty percent after the company’s third quarter earnings call in November. 

The dating app went public earlier this year, with shares taking off out of the gate. In recent weeks however, investors have cooled on the stock, and Bumble has pointed to pandemic lockdowns in strong markets like Japan which have cut into the company’s overall revenue. The latest dip after the earnings call was the stock’s lowest point yet. 

According to Forbes, for the first time since its IPO, Bumble posted a decline in overall user growth, with total paying users dropping to 2.87 million through September, down from 2.93 million in the second quarter.

Match Group’s dating app Match will offer a hand-picked matchmaking service to app users for $4.99 per week, according to a report from the Wall Street Journal.

The company hired and trained 50 dating coaches who will be selecting two matches per week for participating users. However, the Journal notes that the matchmakers will be choosing matches from the same dating pool that the algorithm already provides, and will filter choices based on members’ answers to four basic questions, such as what a person would change about their dating life and what kind of person they gravitate towards.

The new service is being touted as a human matchmaking offering, aiming to disrupt the traditional matchmaking industry where experts charge thousands of dollars to hand pick potential matches for their clients and to better prepare them for dating. Match is offering a bit of human curation for far less money (but without all the handholding), which could have an impact.

Dating apps like Tinder, Plenty of Fish and others under the Match Group umbrella are pushing users to call their Senators to pass the Violence Against Women Act. The Act lapsed in 2019 and has not been reauthorized since.

While the bill has already passed the House with a Democratic majority plus 29 Republicans joining to pass it, so far it has languished in the Senate. Match Group decided to take matters into their own hands and push for passage of the bill to protect users of their apps, especially as the company continues to put more safety measures in place to protect users against harassment and violence.

According to The Hill, the bill would provide funding to state and local governments to address domestic abuse, sexual assault, dating violence and stalking which has become even more of a problem with the increased use of dating apps. It would also narrow a loophole to prevent partners and boyfriends convicted of domestic violence or abuse from buying or owning guns. (Currently only spouses and former spouses are prevented from buying a gun if convicted.) A number of Republicans have opposed the bill because they see it as an infringement on gun rights.