Dating app Tinder swipes left on chief executive

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geemong
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Dating app Tinder swipes left on chief executive

Post by geemong » Wed Aug 03, 2022 5:23 am

Dating app Tinder swipes left on chief executive


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Tinder chief executive Renate Nyborg is leaving the firm less than a year after becoming the boss of the dating app.

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Her exit was one of a number of management changes at Tinder announced by parent company Match Group.

Tinder's plans to adopt new technology, including virtual currencies and metaverse-based dating, are also being reviewed in the strategic shake-up.

The announcements came as Match reported second-quarter results that missed Wall Street expectations.

"Today we're announcing the departure of Tinder CEO Renate Nyborg, and I have made some changes to the management team and structure that I am confident will help deliver Tinder's full potential," Match Group chief executive Bernard Kim said in a letter to shareholders.

Mr Kim will take up the role vacated by Ms Nyborg while the company looks for a permanent chief executive for Tinder.

"I have loved every moment of the last two years, working with an I.N.C.R.E.D.I.B.L.E team on the magic of human connection," Ms Nyborg said in a LinkedIn post.

The announcement also included the reorganisation of Tinder's top management team as well as a review of plans for rolling out new technology.

"After seeing mixed results from testing Tinder Coins, we've decided to take a step back and re-examine that initiative... we also intend to do more thinking about virtual goods," Mr Kim added.

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