Industry

Tinder is courting some TikTok influencers, hoping they will lure Gen Z users back to the app.

Tinder paid six influencers to try out the app and post a series of videos about their experiences from September to December, ahead of the new year (which is the busiest season for dating apps). The TikTok stars posted videos about using Tinder and how things went meeting their dates in person under the hashtag #theconnectionexperience.

According to Axios, Tinder's recent brand sentiment study found that people were more willing and interested to try Tinder after watching their favorite TikTok influencers talk about using it.

Bumble founder Whitney Wolfe Herd announced that she will be returning to the company as CEO in March.

Wolfe Herd left the position early last year and Lidiane Jones, the former CEO of Slack, took the reins at Bumble. Jones oversaw a major reboot of the app which deviated from its original female-first approach, allowing men to message women first. During her tenure, the company went through staff layoffs and a significant drop in stock value as well.

Jones said she was leaving “for personal reasons” according to The Verge.

Match Group said its plans for the future will be centered around AI, according to remarks company executives made at Investor Day. 

Executives from some of its more popular apps like Hinge, Tinder, OkCupid and more, teased how they were planning to implement AI on their platforms with the goal of transforming the way users interact with them, according to CNN. For example, Justin McLeod, the CEO of Hinge, said that they intend to “fully embrace” AI to personalize matching and to create smarter algorithms, as well as implementing AI coaching for struggling singles.

“While AI is not going to be a panacea when it comes to the very deeply and personal problem of love,” McLeod said at Investor Day, “I can tell you that it is going to transform the dating app experience, taking it from a do-it-yourself platform to an expertly guided journey that leads to far better outcomes and much better value to our daters.”

Dating app Hinge posted some advice on its blog to guide users heading into the busiest season for dating apps, from New Year’s Day until Valentine’s Day.

Hinge advises users to embrace a concept called “Dating Forward,” which means to focus on intentional actions to create the love life you want. Hinge’s Director of Relationship Science, Logan Ury said in the post to give your profile a refresh, which includes updated photos, trying out a new prompt on its app, and including your dating intentions so there’s clarity about what you want in a relationship.

There are also other tips Ury offers for searching on dating apps, such as looking for potential in matches and agreeing to message and meet for a date to see where it goes before discounting them because they don’t match your ideal.

Match Group is refocusing the strategy for its most popular dating app Tinder, the company announced this week. It faces increasing pressure from activist investors to improve its financial forecast.

Match Group said in its recent investor day meeting that it plans to “prioritize improving user experience over monetization,” According to Bloomberg. The idea is if Tinder moves away from its reputation as a hookup app it can reverse the continued decline in paying users.

The company also shared that revenue will be flat or in decline through 2026, but will start to turn around in 2027 with slow, single-digit growth, according to Bloomberg. Shares in Match Group fell during the meeting as these proclamations were made.

The CFO and CMO of Bumble have announced their departures for early 2025, a shakeup for the dating app company.

According to Seeking Alpha, Bumble’s Chief Financial Officer Anu Subramanian will continue in her role until March and Chief Marketing Officer Selby Drummond will leave in January. The company has started a search process to replace Subramanian, who joined the company in 2020 and led it through its initial public offering.

According to Tip Ranks, the moves caused the share price for Bumble to increase, but overall the stock has declined almost 40% just in the last year.