Tinder’s CEO Left The Company, Less Than A Year After She Was Hired.
In a letter to shareholders, Tinder's newly appointed CEO Bernard Kim announced that Tinder's former CEO Renate Nyborg would be leaving the company. In his letter, Kim outlined his "observations" from 62 days on the job. Kim said that Tinder has fallen short on product execution, attracting new users, and getting people to spend money even as it has continued to add new bells and whistles to its app in recent quarters. These additions include an integration with Spotify called "Music Mode," which allows people to share a music "Anthem" on their profile and "Blind Date," a feature that pairs people based on interests before revealing their photos.
The letter went with the dating application monster's profit for the three months finishing off with June, which sent Match Group stock down 2...