Tag: MTCH

Dating Apps Need to Rekindle Romance With Wall Street
World

Dating Apps Need to Rekindle Romance With Wall Street

Investors are swiping left on Bumble’s new chief. She shouldn’t take it too personally. The owner of the female-driven online dating app of the same name saw its share price slide about 5% on Monday morning after the company said that founder Whitney Wolfe Herd is stepping down from the chief-executive officer role. She will remain as executive chair, while Lidiane Jones will take over as CEO on Jan 2. She currently heads up Slack Technologies, where she became CEO almost a year ago under the ownership of Salesforce. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Dating Apps Need to Rekindle Romance With Wall Street
Money

Dating Apps Need to Rekindle Romance With Wall Street

Investors are swiping left on Bumble’s new chief. She shouldn’t take it too personally. The owner of the female-driven online dating app of the same name saw its share price slide about 5% on Monday morning after the company said that founder Whitney Wolfe Herd is stepping down from the chief-executive officer role. She will remain as executive chair, while Lidiane Jones will take over as CEO on Jan 2. She currently heads up Slack Technologies, where she became CEO almost a year ago under the ownership of Salesforce. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Match Group, Google Reach Binding Term Sheet in Legal Battle
Technology

Match Group, Google Reach Binding Term Sheet in Legal Battle

Match Group and Alphabet-unit Google reached a binding term sheet for a settlement regarding their claims against each other in their legal battle.The online dating company said in a letter to shareholders that $40 million placed in escrow will be returned to Match and no other amount will be owed by the Match plaintiffs to Google. The parties agreed that by March 31, Match’s apps, which include Tinder and Hinge, will implement Google’s user choice billing.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8