From romance to real friends: Dating apps pivot to platonic connections as post-pandemic 'app fatigue' fuels demand for friendships
The firms generate bulk of revenue by selling subscriptions, with smaller income streams from advertising. But they're struggling to grow those sales
It forecast 2024 revenue of between $3.57 billion and $3.67 billion, representing a growth of 6 per cent to 8 per cent compared with an estimate of 7.8 per cent
Shares of Dallas-based Match Group have fallen 10.5% in the past year, leaving it with a market value of about $10.3 billion
Politics is becoming part of first-date conversations, and even a dealbreaker
Online dating platform Tinder on Sunday said it has partnered with not-for-profit organisation Centre for Social Research to offer safety guidance to its users. The additional safety guide, along with the existing 15 safety features on the app, is part of Tinder's efforts to ensure safety of its users, leveraging NGO CSR India's insights amid the intersection of technology and violence against women, Tinder told PTI. Tinder users will get a prompt through in-app message for accessing the "Dating Safety Guideline". "Initial interactions set the tone of a relationship, and this guide can play an important role in supporting anyone on their dating journey, including the millions of daters who turned 18 and chose Tinder for their first dating experience. "We encourage our users to engage with this guide and take advantage of the many in-app features that have safety at their core," Tinder India Communications Director Aahana Dhar said. Tinder, a subsidiary of American online dating ..
In an effort to combat online fraudsters, dating app Tinder and its parent company Match Group said that it has blocked nearly five million spam and bot accounts in the first quarter of 2023
Many digital services providers with few staff in Russia, such as Spotify and Netflix, pulled out shortly after Moscow began its military campaign in Ukraine in February 2022
The stakes are rising. Indian consumers spent close to $10 million in 2022 on dating and friendship apps
Dating app Tinder has started to roll out new features aimed at assisting people in finding the right relationship for them while also being more authentic on their dating profiles
Match Group has a total market cap of $11.85 billion and owns brands including Tinder, Hinge, Match, OKCupid, Plenty of Fish, and OurTime
The dating app also released a dictionary defining 23 terms that describe dating in 2023
Match Group topped quarterly revenue estimates as more users looking for matches and connections took paid subscriptions on dating app Tinder, sending the company's shares up 16 per cent
According to company executives, users on dating apps, such as Tinder, Bumble, and TrulyMadly, from outside of metro cities now account for 70 per cent
More than 65 per cent of those surveyed do not know how to give consent, how to ask for it or how to withdraw it when dating someone.
Match accuses Apple of 'monopolistic conduct' that forces developers to pay high commissions for in-app purchases; Match case has been clubbed with ongoing Apple probes, say sources
Match Inc mentioned that Google needs to allow alternative payment systems for Tinder giving users multiple payment choices to choose from
Boeing drops after Ryanair ends jet order talks; Tinder parent Match Group jumps on joining S&P 500
This latest round of funding will be deployed to expand Hike's product strategy along with enabling high-quality hiring across functions
Despite the social distancing of the past 18 months, the use of dating apps in general has surged as people sought connections amid their isolation