Social Networks

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.

Online scams are on the rise across New York state, according to its Attorney General Leticia James.

Local news WGRZ reported that scammers are using dating apps, social media, and unsolicited text messages to lure victims into making fraudulent purchases or investments. Referred to as “pig butchering” – the idea is for the scammer to befriend and form trust with the victim before taking their money.

"New Yorkers hoping to find romance and personal connections online are instead being taken advantage of and victimized by heartless scammers,” said Attorney General James in a release. “Sophisticated fraudsters are increasingly using dating apps and social media to trick users into bogus investment schemes.”

Young singles in China are taking to social media platforms like Xiaohongshu (also known as RED) to participate in livestreamed blind dates.

According to the Australian Broadcasting Network (ABC), livestream dating is “romantically themed video conference calls” where up to nine people can join a so-called “dating room” and talk with each other. But instead of a closed and private Zoom call, it is open to the public for any number of people to watch.

The concept is similar to a game show, where the participants give a little background on themselves and are often asked to “demonstrate a talent,” according to ABC. The participants have to be willing to make an effort to represent and “market” themselves, whether it’s through a talent or charm or other ability.

A new report from the Bureau of Alcohol, Tobacco and Firearms (ATF) has found that people are using apps like Facebook, TikTok and dating app Tinder to traffic guns.

The report released in early April found that between 2017 and 2021, a larger percentage of guns were trafficked over online platforms like these than were sold at gun shows, according to The Washington Times.

The ATF investigation found a number of illegal ways people could obtain firearms, including 3.6 percent of illicit sales from online marketplaces like eBay, Craigslist, and OfferUp, 2.7 percent via social platforms like Facebook and Instagram, and 1 percent through social apps like WhatsApp, TikTok and Tinder.

LinkedIn is having a moment with romance. In a recent study, more than half of singles are turning to the career networking platform to find dates.

According to Dating News, a majority of 61 percent of singles aged 35 to 40 found dates on LinkedIn. Overall, 52 percent of all respondents ages 20 to 40 have found their dates on the business networking platform, highlighting its unexpected new role.

Interestingly, the second-best way that people say they are finding dates (48 percent) is through being set up on blind dates. Only 45 percent of respondents reported finding luck on online dating sites in comparison.

Older daters are more apt to have successfully met people via dating sites – half of respondents between 35 and 40 years old said they have met people on dating sites compared to only 33 percent of people between 20 and 24 years old, according to Dating News. Gen Z appears more open to meeting people outside of dating sites than Millennials, who came of age when dating apps launched and tend to gravitate to those platforms.

Dating app giants Bumble and Match Group have pulled their ads from Instagram after The Wall Street Journal reported that they were appearing next to inappropriate and explicit content.

According to The Times of India, the Wall Street Journal found that the ads of several major brands were being served next to explicit and sexualized content on the social media app, including those of Disney and Walmart.

The Journal set up Instagram test accounts alongside The Canadian Centre for Child Protection which followed young gymnasts, cheerleaders and influencers. When its investigative team looked through Reels on these test accounts, they discovered that Instagram “served jarring doses of salacious content.”