{"id":11260,"date":"2022-08-03T11:26:48","date_gmt":"2022-08-03T11:26:48","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/tinder-ceo-renate-nyborg-to-leave-dating-app-after-one-year"},"modified":"2022-08-03T11:50:25","modified_gmt":"2022-08-03T11:50:25","slug":"tinder-ceo-renate-nyborg-to-leave-dating-app-after-one-year","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/tinder-ceo-renate-nyborg-to-leave-dating-app-after-one-year","title":{"rendered":"Tinder: CEO Renate Nyborg to leave dating app after one year"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Tinder chief executive Renate Nyborg is leaving the firm less than a year after becoming the boss of the dating app.<\/b><\/p>\n

Her exit was one of a number of management changes at Tinder announced by parent company Match Group.<\/p>\n

Tinder’s plans to adopt new technology, including virtual currencies and metaverse-based dating, are also being reviewed in the strategic shake-up.<\/p>\n

The announcements came as Match reported second-quarter results that missed Wall Street expectations.<\/p>\n

“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.<\/p>\n

Mr Kim will take up the role vacated by Ms Nyborg while the company looks for a permanent chief executive for Tinder.<\/p>\n

“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.<\/p>\n

Tinder: Women’s safety now at the heart of the app<\/p>\n

Covid changed how we swipe right, Tinder boss says<\/p>\n

The announcement also included the reorganisation of Tinder’s top management team as well as a review of plans for rolling out new technology.<\/p>\n

“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.<\/p>\n

It came as Match – which also owns the dating apps OkCupid, Hinge and Plenty of Fish – said it expects sales in the three months to the end of September to be between $790m to $800m.<\/p>\n

That was well below Wall Street expectations and would mean the company would see no sales growth for the period.<\/p>\n

Mr Kim pointed to the impact of the pandemic on people’s willingness to start using dating apps and currency fluctuations for the disappointing figures.<\/p>\n

“While people have generally moved past lockdowns and entered a more normal way of life, their willingness to try online dating products for the first time hasn’t yet returned to pre-pandemic levels,” he said.<\/p>\n

Match Group shares fell by more than 20% in after-hours trade in New York on Tuesday.<\/p>\n

Ms Nyborg became Tinder’s first female chief executive in September last year.<\/p>\n

Mr Kim was appointed as Match’s chief executive in May after his predecessor Shar Dubey stepped down after just over two years in the role.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Tinder chief executive Renate Nyborg is leaving the firm less than a year after becoming the boss of the dating app. Her exit was one of a number of management changes at Tinder announced by parent company Match Group. 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