Dating app companies like Match Group and Bumble have faced significant market value losses, exceeding $40 billion since 2021. The decline is attributed to challenges in subscription revenue growth and reluctance of young users to pay. Bumble's new CEO, Lidiane Jones, is reconsidering the traditional 'women make the first move' approach, reflecting a broader industry trend of reevaluation.
Dating apps have hit a wall. Can they turn things around? https://t.co/L3MD5LfaW3
"Zuckerberg has argued that for age-restricted apps, age verification should be Apple’s job. He’s now been joined in this view by the new head of trust and safety at Match, the company behind leading dating apps like Tinder, Hinge, OkCupid…" https://t.co/cWwFU01zvj
Bumble is now rethinking women making the first move on the app: ‘It feels like a burden’ https://t.co/LI7FQbB4o5 https://t.co/uj8ueWuHMW
I think dating apps need to crash and burn. They are worst than X with scammers and fake accounts. They are just money pits and I am shocked people keep paying money to swipe left and right lol https://t.co/fhqMQDT8cZ
Bumble CEO @LidianeJones is reconsidering whether women should still "make the first move." https://t.co/5wlUUgpydt
Some users see the feature as a burden, the dating app's new CEO says. https://t.co/ZchZrNHYhB
Reevaluation of whether “make the first move” is still right for Bumble started under founder Whitney Wolfe Herd before Lidiane Jones took over as the new CEO, says Jones. https://t.co/t7jlvBjyJQ https://t.co/4KBplC5Bjl
The companies who own dating apps like Tinder and Bumble have lost more than $40 billion in market value since 2021. Both companies are facing one critical obstacle: Not enough young people are willing to pay for subscriptions. https://t.co/1us8yYQT4M
Bumble's new CEO is rethinking whether women should be required to message first https://t.co/2L3fKLTIkK
Party's over... $MTCH $BMBL In the end people have come to realize that these app make most miserable and Instagram is now the largest dating app in the world. $META "Dating Apps Have Hit a Wall. Can They Turn Things Around?" https://t.co/vmjfbCChTC
Match and Bumble have lost $40B+ in market value since 2021, as they struggle to grow their $4.2B in 2023 subscription revenue and young users balk at paying (@edwrdmoreno / New York Times) https://t.co/M3H1A2ou0K 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/CfDROEbTVE
Oh great, Twitter's chief censor now works for the Match Group? https://t.co/edkz56ymVq