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☆ Match Group CEO says he has empathy for victims of romance scams but 'things happen in life'
▼ + stars: | 2024-04-29 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Romance scams typically targeting baby boomers and older generations are becoming increasingly popular on dating apps and websites, according to the Federal Trade Commission. Just last year, the FBI's Internet Crime Report estimated that Americans lost more than $650 million to romance scams. Bernard Kim, CEO of Match Group, spoke with CBS News on the growing threat of online romance scams carried out by people overseas. Match Group — which owns Match.com and Tinder — is the largest online dating company in the United States. Match Group did not immediately return a request for comment from Business Insider.

Persons: —, Bernard Kim, Kim, Grady Judd, Judd Organizations: Service, Federal Trade Commission, Business, FTC, Match, CBS News, CBS, Match Group Locations: United States, Polk County, Florida

☆ Opinion | Dating on Apps, and the Old-Fashioned Way
▼ + stars: | 2024-03-29 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “It’s Not You: Dating Apps Are Getting Worse,” by Magdalene J. Taylor (Opinion guest essay, nytimes.com, March 16):With more people on online dating platforms than ever, we have entered a new era rife with hot takes and opinions based on a narrow set of experiences. Recent surveys say that dating apps are the No. 1 way people meet today, and nearly 70 percent of individuals who met someone on a dating app said it led to a romantic, exclusive relationship. I am not here to question individual experiences, or pretend that every date will lead to success. There’s this false notion suggesting that dating apps don’t work.

Persons: Magdalene J, Taylor, we’ve, Bernard Kim Los Angeles Organizations: Match

☆ Dating apps can embrace gamification of hookups
▼ + stars: | 2023-10-06 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

The dating app Tinder is shown on a mobile phone in this picture illustration taken September 1, 2020. The dating app owned by Match (MTCH.O) said last week it’s rolling out a subscription tier called “Tinder Select” that will cost $500 a month. The $12 billion company could make even more money if it approached hookups the way computer games hook users. By contrast, if a hefty 1% of Tinder’s current subscribers sign up for Tinder Select, they will pay an extra $600 million. Follow @thereallsl on XCONTEXT NEWSMatch’s dating app Tinder is launching a premium service named “Tinder Select” for $499 a month.

Persons: Akhtar Soomro, Bernard Kim, Tinder, Peter Thal Larsen, Sharon Lam, Aditya Sriwatsav Organizations: REUTERS, Reuters, Match, Apps, Tinder, Reuters Graphics Reuters, Thomson Locations: Plenty

☆ Dating apps like Tinder and OkCupid are hoping new AI features will help you land a date by choosing your profile picture and best matches
▼ + stars: | 2023-08-03 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Match Group, the company behind Tinder and Hinge, announced it's adding new AI features to its apps. Match didn't specify which of its apps could include the AI features. One of the AI features could explain why the app recommended a match to the user. A screenshot of Match Group's AI concepts for its new AI features. Some app users are already using AI to improve their dating lives.

Persons: Tinder, Bernard Kim, Kim, Mark van Ryswyk, Salvatore Damiata Organizations: Artificial Intelligence Locations: Match's

☆ Men are using AI to land more dates with better profiles and personalized messages, study finds
▼ + stars: | 2023-06-28 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Men are using AI tools like ChatGPT to improve their dating lives, an Attractiontruth study found. Some men said they used AI to generate their bios and craft personalized messages to their matches. Online dating can be tough, but AI might be making it a little bit easier, a new study suggests. Researchers at Attractiontruth, an AI dating coach, surveyed 1,371 men across the sexuality spectrum to see if they are using AI to enhance their dating profiles. In February, OkCupid used ChatGPT to generate matching-questions — like "Are you more of an introvert or extrovert" — that were later added to the platform, according to a company blog post.

Persons: Bumble, Salvatore Damiata, dente, Am, Damiata, OkCupid, Bernard Kim, daters Organizations: Attractiontruth Locations: Attractiontruth, Italian

☆ Current and former Rokt employees told Insider about blackface, booze, and blurred lines
▼ + stars: | 2023-03-17 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

They told my colleague Jordan Pandy that Charlotte seemed affordable and diverse on paper. The photo was shown at a company-wide meeting to highlight how "fun" working at $2 billion ad-tech startup Rokt was, an Insider investigation reveals. He said blackface isn't a big deal in Australia, where the company was founded and where the photo was taken. But more than 30 current and former employees told my colleagues Jack Newsham and Madeline Stone that they had a different experience. Come behind the scenes of Rokt with us, where Insider reports that booze and blurred lines flow rampantly.

☆ Match Group CEO spent $50,000 on 'Clash of Clans' in 3 months: 'I still look back at that with lots of shame'
▼ + stars: | 2023-03-16 | by ( Grace Mayer | ) www.businessinsider.com time to read: +2 min

CEO of Match Group Bernard Kim spent $50,000 on the mobile gaming app Clash of Clans. Speaking at a dating summit, Kim said the rewards of mobile gaming don't compare to those of of online dating. Kim was previously steeped in the mobile gaming industry as the president of mobile gaming group Zynga, known for creating Words With Friends. Like mobile games, many dating apps — including those in Match's portfolio — offer in-app purchases, including a new $50-per-month Hinge subscription. "I've personally spent $50,000 in three months in 'Clash of Clans,' and I still look back at that with lots of shame," he added.

☆ Hinge's new $50-per-month subscription for serious daters is here
▼ + stars: | 2023-02-17 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Hinge rolled out a new pricier subscription tier that will cost $50 a month, or $600 annually. The new level will offer premium capabilities to boost premium subscribers' exposure on the app. Another Match-owned dating app, Tinder, is testing a $500-per-month membership, though it is unclear what it will offer. For example, subscribers to the new premium tier will have their profiles and likes boosted so they are seen sooner by other users. The company also offers a free version of its dating app that allows up to 8 profile likes per day.

☆ Hinge is testing a subscription for 'highly motivated daters' that costs up to $720 a year
▼ + stars: | 2023-01-17 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Hinge is rolling out a new pricier subscription tier that will cost up to $720 annually. Another Match-owned dating app, Tinder, is testing a $500-per-month membership, though it is unclear what it will offer. The new, pricier subscription is targeted at "highly motivated daters," the company said, and will offer enhanced capabilities to boost premium subscribers' exposure on the app. For example, the premium subscription includes access to more tailored profile recommendations and having your "likes" appear faster than non-premium users. The company also offers a free version of its dating app that allows up to 8 profile likes per day.

☆ Match Group Has Still Got Some Game
▼ + stars: | 2022-11-02 | by ( Laura Forman | ) www.wsj.com time to read: 1 min

In online dating, most people lead with the flashy picture and disappoint in the flesh. New Match Group Chief Executive Officer Bernard Kim did the opposite. Shares of the dating giant rose more than 16% in after-hours trading Tuesday after it posted third quarter numbers that were so boring they were actually kind of sexy. Match’s revenue grew 1% year on year, while its adjusted operating income came in essentially flat on that basis. But when you beat what looks like sandbagged guidance by as much as 10%, as Match did on the bottom line, investors tend to perk right up.

☆ Tinder parent delivers stellar quarter as more people pay to find right match
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +2 min

The company, however, forecast flat growth in fourth-quarter revenue for Tinder. Match plans to tackle the slowdown with reductions in headcount-related expenses and marketing spend and expects to have flat margins in 2023. Shares of the company were trading at $51.21 in extended trading. read moreMatch forecast fourth-quarter revenue between $780 million and $790 million, below market estimates of $809.2 million, as it expects to take an additional $14 million hit from a stronger U.S. dollar than it had previously expected. The company added that a search was ongoing for Tinder CEO, a position vacant since the sudden departure of Renate Nyborg in August.

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