ReportWire

Tag: Bumble

  • ‘Shut it down!’ — Bumble founder Wolfe Herd is terrified that there’s a new Hulu biopic about her life and wanted to block it two years ago | Fortune

    Bumble founder Whitney Wolfe Herd is facing a situation that few tech executives ever encounter: watching her own life story dramatized on screen — without her involvement.

    Hulu’s new biopic about the 35-year-old entrepreneur premiered on Sept. 8. Swiped stars Lily James as Wolfe Herd and traces her dramatic rise from Tinder cofounder to Bumble CEO and youngest woman to take a company public. But Wolfe Herd herself says the project has left her deeply uneasy.

    In an interview with CNBC’s Julia Boorstin, Wolfe Herd admitted she only learned of the film once it was already “off to the races,” with a script in hand and production underway. Her discomfort ran so deep that she asked her lawyer to intervene.

    “I even was asking my lawyer two years ago, ‘What do I do? I don’t want a movie made about me. Shut it down!’” Herd recalled.

    As she acknowledged, public figures often have little legal recourse to stop projects based on publicly known stories.

    The experience has been unsettling. Wolfe Herd said she finds the idea of a movie about her life “too weird,” confessing she hasn’t been able to watch the trailer all the way through. At the same time, she expressed some appreciation for the casting choice, calling it an “honor” to be portrayed by James. Still, the mix of emotions has left her conflicted.

     “I’m obviously both terrified and maybe slightly flattered,” she said. “But the strangeness and the fear of it outweighs any flattery.”

    The film arrives at a moment when Hollywood has increasingly turned to Silicon Valley for inspiration. Hulu’s The Dropout chronicled Elizabeth Holmes and Theranos, Apple TV+’s WeCrashed dramatized Adam Neumann and WeWork, while older films put the lives of Steve Jobs and Mark Zuckerberg on screen.

    These projects try to infuse the adrenaline of Silicon Valley invention with the staidness of business reality. And Wolfe Herd’s career—with its combination of early success, controversy, and ultimately a billion-dollar IPO—fits neatly into the genre.

    Indeed, Wolfe Herd’s story is, in many ways, cinematic. Born in Salt Lake City, Utah, to a family invested in both philanthropy and property development, she launched her first business before 21, which was a bamboo tote bag project to raise funds for those affected by the BP oil spill of 2010. She was instrumental in Tinder’s meteoric rise but left following a high-profile lawsuit, only to cofound Bumble in 2014—a dating app premised on women making the first move. 

    In 2021, Wolfe Herd became the youngest woman in history to take a company public, ringing the Nasdaq bell with her son on her hip. Today, Bumble boasts millions of users and a reputation for promoting safer, more empowering online interactions.

    But success doesn’t always mean control over your own story. Hulu’s film, directed by Rachel Lee Goldenberg and drawing extensively from public records, lawsuits, and media accounts, bypassed Wolfe Herd’s participation from the start. Some critics have described the movie as entertaining but “thin,” relying on the broader narrative of girlboss ascent while acknowledging the lack of deep input from its subject.

    It currently has a 37% rating on Rotten Tomatoes. 

    For Wolfe Herd, the challenge is less about accuracy than about the loss of agency. As someone who built her career by upending traditional dynamics and giving women more control over their interactions online, having no say in how her own story is told feels dissonant. 

    She admits she may eventually watch the film, but not without hesitation.

     “I guess I gotta get some popcorn and stay tuned,” she said with a wry resignation.

    Fortune Global Forum returns Oct. 26–27, 2025 in Riyadh. CEOs and global leaders will gather for a dynamic, invitation-only event shaping the future of business. Apply for an invitation.

    Eva Roytburg

    Source link

  • Are Dating Apps Dead?

    Are Dating Apps Dead?

    Tripp Advice

    Source link

  • Bumble gives women more choice to make the first move

    Bumble gives women more choice to make the first move

    Bumble, the women-first dating app, recently unveiled an updated brand identity and app design, and launched a suite of new features, including more ways to Make The First Move, marking a new chapter in Bumble’s evolution. 

    Bumble launched in 2014, giving women more control of their dating lives by flipping traditional gender roles and challenging the antiquated rules of dating. Now, the app is expanding upon its make the first move requirement by introducing choice in how a connection is made with Opening Moves. Additionally, Bumble is making its profile creation quicker and more intentional, expanding its dating intentions, and making updates to its compatibility algorithms.

    Recent Bumble research shows women’s experiences have evolved, especially regarding empowerment in online dating. Keeping true to Bumble’s mission, equality remains a priority in relationships with the overwhelming majority (92%) of women stating it is a top marker in romance. However, how women define equality has evolved with almost 9 in 10 (88%) single women surveyed on the app globally stating that today, equality is about personal choice and autonomy to decide what’s right for you. 

    After billions of first moves and countless Bumble success stories, Bumble continues to prioritize community-first feedback with solutions that make dating better for women. This builds upon the company’s decade of leadership in addressing issues that impact women online, including banning body shaming and gender-based hate, launching features to combat non-consensual lewd content, and leveraging AI to automatically block spam, scam, and fake profiles. According to research, the majority of women (60%) surveyed use Bumble because they believe the app delivers a better experience for them.

    The Evolution of Make The First Move

    Now, women on Bumble have even more choices in how they connect with the launch of Opening Moves. The new feature gives women the option to set a question that their matches can respond to, creating a new way to engage with connections while keeping women in control. Nearly half of women (46%) surveyed on Bumble shared that having more ways to start a conversation would make their dating app experience even better. Women can use one of Bumble’s recommended Opening Moves, or craft their own. For non-binary and same-gender connections, either person can set and respond to an Opening Move.

    “We have always believed that when you make dating better for women, you make it better for everyone. In listening to our community, many have shared their exhaustion with the current online dating experience, and for some, that includes making the first move. We’re also hearing from women that empowerment today is not only about control but it’s also about agency, and we’re excited to offer more choice in how women make the first move with our new Opening Moves feature,” said Lidiane Jones, CEO of Bumble. “We want to evolve with our community, shifting from a fixed approach to giving women more options in how they engage.”

    “Bumble has been leading in addressing the challenges of online spaces, introducing industry-first features like Private Detector™ to identify unsolicited lewd images, AI and machine learning to identify scams and spam, and comprehensive Community Guidelines. This latest launch reflects the first step in our continued commitment to making dating better for women, creating space for people to establish relationship dynamics that work for them,” Jones continued.

    During testing, Bumble found that Opening Moves improved meaningful conversations on the app by increasing chat initiation and reply rates, as well as lengthening time spent in conversation. 

    Expanded Compatibility and Stronger Curation

    Relationships look different for everyone, but more than 2 in 3 (68%) of women surveyed stated that they struggle with people not being upfront about their dating intentions. Bumble’s data also shows that women want to learn more about a potential match before they connect, with nearly 80% swiping right once they have viewed the entire profile. 

    To help people better communicate what they are looking for now, not just in the future, the app has updated its Dating Intentions badges to include everything from ‘fun, casual dates’ and ‘intimacy without commitment’ to a ‘life partner’ and ‘ethical non-monogamy.’ People on Bumble can now also select up to two dating intentions to be shown on their profile. More than 3 in 4 (77%) women surveyed globally on Bumble said knowing someone’s dating intentions is one of the most important things when online dating. 

    To help people find compatible matches even faster, common interests and shared top musical artists are now highlighted at the top of profiles to quickly and easily identify commonalities with a potential match. Bumble also increased the minimum number of photos required on a profile and made advancements to its For You algorithm, which is a daily set of four curated, relevant profiles based on your preferences and past matches.

    A New Look and Feel

    To mark the start of a new chapter, Bumble is also unveiling an updated brand identity including a new logo, bolder fonts, and refreshed colors and illustrations. The new design is a reflection of the company’s branding evolution, emphasizing its ongoing dedication to enhancing member experiences on the app. Bumble’s data shows that 3 in 4 (75%) women say the look and feel of a dating app is important to their overall experience and 65% that the visual identity of a dating app can make it easier to use.

    Led in-house by Bumble’s Creative Studio, the new design will be part of a global marketing campaign launching across more than 10 countries, which includes new content showcasing the lengths women may go when faced with online dating fatigue. 

    Gadgets Magazine 17

    Source link

  • Have You Used These 5 Wacky Dating Dealbreakers

    Have You Used These 5 Wacky Dating Dealbreakers

    Dating is a dance of computability and desire – but sometimes it a person is just a little to wacky

    Dating can be tough, finding the right person who matches what you are generally looking for can be a long process.  While nobody is perfect and they have their quirks, you still have to figure at the how you two will fit in the long (or even the medium) run. With advances in technology, it has become even a harder process. So many people online, yet few are a match. Sometimes you meet some great, maybe even date a short period and then call it off for a perfectly good reason. But have you used these 5 wacky dating dealbreakers?

    The wrong astrology sign

    RELATED: 5 Things We Usually Get Wrong About Sex

    While in today’s tech-oriented world it seems odd people use Zodiac signs as a guide, but it is true.  In India, you match is an important step toward an arranged marraige. In the US and Canada, 78% of active Bumble users added a zodiac badge to their profile. Many daters see certain combinations of star signs as more compatible than others, which can have a bearing on their decision of whether to approach somebody. And some, if their signs are oil and water, just call it off.

    Poor grammar

    Judge Judy GIF - Find & Share on GIPHY

    in a survey of 2,000 people in the dating pool, 71% shared they are turned off by poor punctuation and grammar. If the person’s grammar is awful and barely legible, it’s hard to understand how they’ve managed to lead a functional life.  Some see it as it may show a lack of self-respect or respect for others. There is also the fear of embarrassment when you are hanging out in friend and work groups.

    Bad taste in food

    Astrology Apr GIF - Find & Share on GIPHY

    The rise of the Insta era has helped us develop our sense of taste, giving us access to delicious food photography, recipes and more. Cunlinary adventures, be it finding the best fried chicken or something more exotic and complicated, has become a priority for a lot of people. While it might appear snobbish, it’s a valid concern if someone doesn’t share this passion with you. Having a guy say, I don’t eat vegetables or order,  a hamburger at a Michelin-starred restaurant can be a true relationship killer. It becomes laborious every time we go out.

    Dumb Facebook statuses

    Oh My God Omg GIF by HBO - Find & Share on GIPHY

    RELATED: Survey: Nearly Half Of Us Would Rather Have A Clean House Than Sex

    The online personality is a reflection of the person and, sometimes, a more accurate one. This is popular deal breaker, where someone’s social media presence is a big turn off and is completely different from how they are in real life.  Someone may be nice in person and a troll online.

    Someone addicted to screens

    Youtube Stop GIF - Find & Share on GIPHY

    Phone addiction is real, and most suffer from it to some degree. There are people who take it too far, unable to not constantly check their phones on dates and conversations. These people are distracting, rude, and anxiety-inducing. Being glued to a screen prevents the person from seeing their date’s non-verbal behavior. Using them means not giving your undivided attention and being fully present, which is the most potent expression of affection and respect in a relationship.

    Sarah Johns

    Source link

  • Study: Millennial Women Forgoing Dating Apps In Favor Of Standing On Misty Jetty, Calling Out To Sea

    Study: Millennial Women Forgoing Dating Apps In Favor Of Standing On Misty Jetty, Calling Out To Sea

    KINGSTON, RI—In a new study of dating trends published Tuesday, researchers at the University of Rhode Island reported that many millennial women were beginning to forgo apps such as Tinder, Bumble, and Hinge in favor of standing on a misty jetty and calling out to sea. “In our survey of single Americans, we found that women expressed a growing dissatisfaction with online dating, preferring instead to place themselves upon a fog-enshrouded seaside bluff where they could await potential mates with arms open wide, their dresses swaying in the brackish wind,” said sociologist Helen David, who conducted extensive interviews with singles between the ages of 28 and 43, discovering that women who deleted dating apps from their phones and attempted the method were six times more likely to meet a passionate, lovelorn wanderer from afar. “This generation appears to have become disillusioned with the superficiality of meeting people online, and we see a broader trend of women returning to old-fashioned methods of matchmaking, such as setups from friends, singles mixers, and whispering ‘Return to me’ into the dark horizon as they stand alone amid the moonlit cliffs along the craggy shore.” David went on to note that the ghostly apparitions of gentle sailors lost at sea, however, still overwhelmingly preferred to use Tinder.

    Source link

  • Match and Bumble Dominate Online Dating. But Do They Make Good Investments?

    Match and Bumble Dominate Online Dating. But Do They Make Good Investments?


    Bumble is one of the fastest growing dating apps. Unsplash

    With Valentine’s Day quickly approaching, it’s time to talk about whether you’re getting your bang for your buck when it comes to dating apps, many of which charge a monthly fee to use and have shares publicly traded on stock exchanges. If you’re lucky, hours spent swiping on Tinder will pay off in the form of a soulmate, but we are not just talking about dividends in romance. 

    Online dating is the most popular way that couples meet, according to a 2019 study by Stanford sociologist Michael Rosenfeld. With more than 300 million people using dating apps around the world, the business of swiping left and right is expected to grow rapidly and reach $14.42 billion in revenue by 2030. The largest two players in the dating app market today are Match Group and Bumble (BMBL). Match, which owns Match.com, Tinder, Hinge and several other dating apps, alone accounts for about 30 percent of the market

    While publicly traded dating apps have lagged behind the Dow Jones and S&P 500 indexes over the past few years and Silicon Valley investors are reluctant to bet on this category altogether, the largest dating app companies actually perform fairly well financially. Match, for example, has seen its revenue and profit grow in recent years. In 2022, its host of dating apps brought in $3.1 billion in revenue, 62 percent of which came from subscription. 

    During the third quarter of 2023, the most recent time period with available financial information, Match’s revenue rose 9 percent year-over-year to $882 million with an operating profit of $244 million, giving it a profit margin of nearly 20 percent.

    One item of concern in Match’s financial report, however, is a decline in the number of paying users. Subscribers to all Match-owned apps fell 5 percent in the September quarter year-over-year to about 15.7 million, with Tinder feeling the brunt of the loss as a result of a 50 percent price hike last year. Tinder now charges $24.99 per month for its platinum membership, inching closer to Bumble’s $39.99 monthly plan, one of the most expensive on the market.

    Read Also: Match Group CEO Mandy Ginsberg Deciphers the Business of Love

    After the pandemic spurred the busiest year of online dating in Tinder’s history, the app took note of what attracted Gen Z users, observing that the younger generations value authenticity, boundaries, and fluidity when seeking relationships. On a call with analysts in November 2023, Match CFO Gary Swidler said the company has adapted to Gen Z users’ preferences in the form of weekly subscription. “What management is trying to do there is create an app refresh and change the product to try to give the Gen Z audience more of what they’re looking for, which is to be more self-expressive,” Ygal Arounian, an analyst with Citigroup, told Observer. 

    Meanwhile, Hinge remains a standout in Match’s portfolio of dating apps. With user numbers exploding in recent quarters, the relationship-centered app is on pace to reach $400 million in sales this year, according to Match’s latest quarterly earnings report. 

    Match’s leading competitor, Bumble, came onto the online dating scene in 2014 offering a female-focused experience. While a younger company, Bumble’s niche has allowed for consistent revenue and user growth. The company’s total revenue increased 18.4 percent to $275.5 million in the third quarter of 2023 from a year prior. Paying users also increased to 3.8 million from 3.3 million year-over-year.

    While these are impressive numbers, monetizing dating apps that are “designed to be deleted” has proved to be a challenge. Most dating apps utilize a “freemium” model where the service and platform are free but users can pay to improve their experience. Match, Tinder, Hinge and Bumble each offer tiered membership plans with prices ranging from $9.99 to $500 per month. According to an analysis by Morgan Stanley, about 32 percent of the U.S.’s single population use online dating and, of those, slightly more than a quarter pay. 

    “It’s a balance,” said Arounian. “Both Match and Bumble are trying to convert free users to paying users, but they need to maintain the quality of the experience while being careful about putting too many things behind a paywall and hurting the experience.”

    While the Match family of dating apps remain the largest in the market, Bumble is growing fast, on track to secure 20 percent of dating app users in the U.S., according to InvestorPlace. However, recent leadership changes could mean uncertainties down the road. In November 2023, Lidiane Jones, former CEO of Slack, took over as CEO of Bumble, replacing the app’s founder Whitney Wolfe Herd. 

    As for Match, the company may be facing shareholder activism in the coming months. Activist hedge fund firm Elliott Management has been slowly increasing stake in the company to $1 billion to become its third largest shareholder, suggesting a push for some sort of governance or strategic changes. 

    Match and Bumble Dominate Online Dating. But Do They Make Good Investments?





    Maddie Whitaker

    Source link

  • Online Dating Scammer Steals $1.8 Million from His Victims | Entrepreneur

    Online Dating Scammer Steals $1.8 Million from His Victims | Entrepreneur

    Look out for people on dating apps who offer investment opportunities too good to be true.

    That’s the message from the District Attorney’s Office in New York City, which recently brought charges against a lying Lothario they allege swindled his lovers out of millions.

    Nelson Counne, who also goes by “Nelson Roth” or “Justin Roth,” was indicted in a Manhattan court for bilking more than $1.8 million from five women through a series of romance and investment scams.

    “He allegedly fed lie after lie to women he falsely claimed to have a romantic interest in, enticing them with investment opportunities that never existed while using their funds to repay past victims, lure in new ones, and fund his lifestyle,” said District Attorney Alvin L. Bragg, Jr.

    Related: The Scam Artist Who Robbed Backstreet Boys and NSYNC Blind. ‘Some of the Guys Couldn’t Pay Their Car Payment.’

    Dating for dollars

    Counne, 69, met most of his victims via online dating sites, where he posed as a wealthy retired art dealer and investor with homes in London, Manhattan, and the South of France, according to the indictment.

    In reality, Counne doesn’t own any homes and never travels internationally—he doesn’t even have a passport. His sole source of income was the money he stole from his lovers between 2012 and 2021.

    The scam worked like this: After winning his victims’ affection and trust, Counne convinced many of them to invest with him. He never shared any details of his business dealing, claiming the investments were in a “gray area between legal and illegal” and that he had access to inside information.

    Some of his phony investments included Alibaba and a start-up purportedly run by a former Google executive, which would provide an online lottery that potential college students could pay to enter for a chance to win tuition coverage.

    “Most of the victims were initially hesitant, but Counne persisted until each agreed to invest,” according to a press release by the Manhattan District Attorney’s Office.

    A Ponzi scheme

    The DA alleges that Counne ran a classic Ponzi scheme, using the money from one of his marks to pay another. This enabled him to appear wealthy to new victims and repay previous victims suspicious of his fraud.

    Counne now faces charges of scheme to defraud in the first degree, grand larceny in the second degree, and grand larceny in the third degree.

    Romance scams like this are not uncommon. In 2021, some 24,000 victims reported losing approximately $1 billion to romance scams, according to the FBI.

    Jonathan Small

    Source link

  • Swiping Right in the ‘New Normal’: RealMe Report Reveals 2 in 3 Online Daters Have Lowered Their Standards, Less Okay Being Single

    Swiping Right in the ‘New Normal’: RealMe Report Reveals 2 in 3 Online Daters Have Lowered Their Standards, Less Okay Being Single

    Press Release



    updated: Sep 10, 2020

    ​​​​Since the coronavirus was deemed a pandemic and social distancing has been mandated across the country, online dating has seen a significant increase in activity. A new survey commissioned by RealMe, a transformative technology offering a no-cost way to make people safer on dating apps, reveals the potential lasting impact of the coronavirus on online dating behaviors, including attitudes on loneliness and singledom in the “new normal.”

    Survey findings revealed loneliness is an acute motivating factor for online daters, with 67% of respondents reporting they are “less okay” with being single during this time and a similar proportion increasingly worried about finding a partner. Survey results also showed 64% of respondents are less picky with their matches in quarantine due to their desire for companionship.

    “There’s no denying the pandemic is driving new online behaviors, which are here to stay,” says Mark Brooks, online dating expert and CEO of the Internet Dating Excellence Association (IDEA). “Ninety-five percent of respondents plan to continue at least one online dating behavior they developed during the pandemic, which implies the way we choose to find love and build connections has forever changed. In the ‘new normal,’ online daters will place more value on quality interactions that reduce feelings of loneliness. However, it’s worth noting, this newfound desire for companionship could lead users to ignore red flags and, therefore, make them more vulnerable to dating scams, as the inclination to misrepresent is on the rise, with three in four online daters admitting to lying on their profiles. This means there’s a higher burden on dating apps to authenticate, reduce risk, and provide more assurance.”

    Other notable findings from the survey include:

    • If social distancing stays in place for another few months, more than half of online daters report they will use dating apps more frequently. This number was especially high for millennials (64%).
       
    • Seventy-two percent of online daters feel more hesitant to have physical contact when meeting someone in person.
       
    • Over 76% of respondents invest more time in talking to the other person.
       
    • Over a third of respondents say they plan on having more meaningful conversations even after the pandemic is over.
       
    • Dating behaviors differ between personality traits, with specific profiles more inclined to display “red flag behaviors.” For example, 69% of less emotionally stable respondents are more worried about finding a new partner. Extraverts are more likely to spend more time on dating apps than introverts, with 75% claiming to use video chat features more frequently during the pandemic.
       
    • Nearly nine in 10 online daters wish they could obtain more information about the person they were talking to and would be more likely to meet up with them if their profile was “verified” via enhanced safety features, such as a reputation checker that pulls data from criminal records, lawsuits and financial documents.

    “The implications of the pandemic on online dating go way beyond a spike in user activity. It’s transforming the way people meet and connect with each other in the long term, but some of these newfound behaviors come with their own risks and security concerns,” says Neil Davis, RealMe Head of Dating. “That’s where RealMe can help – it’s a sophisticated, yet simple, platform to verify users and provides access to reputation information to reduce fraud and improve safety, while increasing trust in dating apps and other online marketplaces.”

    Commissioned by RealMe and conducted by FTI Consulting, the survey involved over 3,000 respondents in the U.S. weighted on age, gender, location and the 2016 Presidential vote. For media inquiries and/or to obtain the full study results, please contact emily@tylerbarnettpr.com.

    About RealMe

    Only RealMe adds the necessary layer of trust and transparency to the U.S. Internet for people and companies engaged in online marketplaces –– such as dating apps, shopping, and home services.  With fraud and theft prevalent online, RealMe provides websites with a turnkey, no-cost way to protect their users, and individual users with the peace of mind to take advantage of opportunities they find. With instant access to over 325 million verified Reputation Profiles sourced from billions of data points compiled by public records and information sources, people can make informed decisions about anyone’s trustworthiness by seeing unique background information, criminal and arrest records, financial records, legal records, personal reviews, and Reputation Scores. RealMe shares its passion and expertise with individuals and companies that believe trust is the foundation that allows us to flourish online. For more information on RealMe, visit realmehq.com/dating.

    Source: RealMe

    Source link