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☆ Dating app Bumble will no longer require women to make the first move
  + stars: | 2024-04-30 | by ( Clare Duffy | ) edition.cnn.com   time to read: +3 min
New York CNN —Ten years after creating a new model for dating apps with its “women make the first move” feature, Bumble is opening the door to men starting conversations on its platform. Bumble is rolling out a new feature called “opening moves” that will let female users set a prompt to which male suitors can respond to initiate a conversation. The feature reverses a longstanding requirement by the app that women send the first message to their matches, which Bumble said gave women more power over their dating lives. Jones sees the Bumble redesign as a way to help the platform meet that moment. The changes could be key to returning Bumble — which also owns dating apps Badoo and Fruitz — to profitability after it posted a $1.9 million net loss last year.
Persons: Bumble, Lidiane Jones, Whitney Wolfe, Jones, ” Jones, ”, “ Organizations: New, New York CNN, CNN, Wall Street Locations: New York
☆ Dating apps in 2024: A look at the state of Tinder, Bumble, Hinge and Match
  + stars: | 2024-02-14 | by ( Rachel Wilson | ) edition.cnn.com   time to read: +4 min
But dating apps, including Bumble, Grindr, Hinge and OkCupid, have cemented themselves as a fixture in American life: 2023’s downloads are more than twice the number of downloads in 2012, the year Tinder launched. This is the state of the dating app market, in four charts:Downloads are starting to fallThe popularity of dating apps has remained steady despite a slight decline in overall downloads in recent years. As many as three in 10 of all Americans say they’ve used a dating app, according to Pew. Tinder’s dominance is waningTinder has been the most commonly used dating app for Americans, a status it has held almost since it launched in 2012. Tinder is the largest app in Match Group’s US portfolio, which also includes Match, OKCupid, Hinge, Plenty of Fish and 36 other dating app brands aimed at diverse communities.
Persons: CNN — Tinder, Gen, they’ve, ” Tomas Iriarte, Reyes, Tinder, Gen Z Young, who’d, Gen Z, Bumble, X, ”, Amelia Orlando Organizations: CNN, Pew Research Center, Pew, Tinder, Survey Center, American, American Enterprise Institute Locations: data.ai
☆ Bumble founder Whitney Wolfe Herd steps down as CEO. She’ll be replaced by Slack’s leader
  + stars: | 2023-11-06 | by ( Clare Duffy | ) edition.cnn.com   time to read: +4 min
New York CNN —Bumble founder Whitney Wolfe Herd is stepping down as chief executive after nearly a decade running the dating app company. Wolfe Herd will remain at Bumble as executive chair. Wolfe Herd started her career at rival dating service Tinder, which she co-founded. Today, Bumble is the parent company of four apps — Bumble, Official, Badoo and Fruitz — and the Bumble app has expanded to include features to help people find friends and professional connections. When Bumble made its initial public offering in 2021, Wolfe Herd, then 31, became one of the world’s youngest self-made female billionaires.
Persons: Bumble, Whitney Wolfe, Wolfe, Lidiane Jones, Slack, ” Wolfe Herd, Jones, Wolfe Herd, Andrey Andreev, Andreev, —, Salesforce, Sonos, ” Jones Organizations: New, New York CNN, Wall Street, Group, Microsoft, Bumble Locations: New York
☆ Whitney Wolfe Herd Is Stepping Down as Bumble’s C.E.O. After a Decade
  + stars: | 2023-11-06 | by ( Jenny Gross | More About Jenny Gross | ) www.nytimes.com   time to read: +1 min
Bumble, which requires women to make the first move, went public in 2021, briefly making Ms. Wolfe Herd one of the world’s few female billionaires, according to Bloomberg. As of June, the dating app had 2.5 million paying users, according to Bumble’s second-quarter earnings report. Bumble will report its third-quarter earnings on Tuesday. About a third of adults in the United States have used a dating app, according to a Pew Research Center survey conducted last year. The number of users paying for Tinder, fell 6 percent compared to the same period a year earlier, Match said.
Persons: Wolfe Herd, Bumble’s, Bumble, Morgan Stanley, Jones Organizations: Bloomberg, Pew Research Center, Match, Tinder, Salesforce, Microsoft, Wall Street Journal Locations: United States, Fish, Brazil
☆ Blackstone and Bumble are still a fitting match
  + stars: | 2023-02-23 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, Feb 23 (Reuters Breakingviews) - Blackstone (BX.N) is finding its pairing with Bumble (BMBL.O) to be lucrative even during a down spell. The private equity firm bought a majority stake in Bumble in 2019 that valued the company at around $3 billion. The share of stock that Blackstone sold in the public offering inked it almost $2 billion. Throw in approximately $300 million in dividends, and Blackstone has already made back its investment and then some. The match is winning enough that Blackstone is raising more money to find others to share the love.
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