This is the best summary I could come up with:
A decline in interest from dating apps’ core demographic is wreaking havoc across the industry, as Bumble’s CEO and founder Whitney Wolfe Herd steps down a day before the company reports earnings, says the Wall Street Journal Monday.
Tinder’s stock plummeted 15% last week after reporting a decline in paying users.
Wolfe Herd, who also cofounded Tinder, started Bumble to create an app where women could have more control by initiating conversations with men to reduce the unwanted and creepy messages that plague dating apps.
She’s succeeded by Lidiane Jones, a former CEO of Slack, who’s looking for opportunities to use artificial intelligence in dating app algorithms.
The resurgence of organic relationships deals a major blow to Bumble, Tinder, Hinge, and other dating apps that have profited off the boom of hook-up culture.
Though the company says this is not the case, frustrations with dating apps have percolated through user bases and many are opting for meeting partners the old-fashioned way.
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