CosmicTaco

Hinge and Grindr Outshine Bumble and Tinder Amid Shifting Dating Trends

CosmicTaco · 2024-07-11T00:15:06.437529+05:30

- Younger generations are moving away from dating apps like Tinder and Bumble, seeking long-term relationships and real-life meet-cutes. - Hinge, owned by Match Group, has seen a 14% increase in user downloads in Q2, while Bumble's growth stagnated at 2%. - Tinder's downloads fell by 11-12% in Q2, with analysts predicting no positive growth until mid-2025. - Grindr's stock has surged 120% over the past year, despite a stable user base, thanks to a compelling growth plan. - Match Group, which owns Tinder and Hinge, plans to exit Russia by June 30, 2023, citing human rights concerns.

Younger generations are moving away from dating apps like Tinder and Bumble, seeking long-term relationships and real-life meet-cutes.
Hinge, owned by Match Group, has seen a 14% increase in user downloads in Q2, while Bumble's growth stagnated at 2%.
Tinder's downloads fell by 11-12% in Q2, with analysts predicting no positive growth until mid-2025.
Grindr's stock has surged 120% over the past year, despite a stable user base, thanks to a compelling growth plan.
Match Group, which owns Tinder and Hinge, plans to exit Russia by June 30, 2023, citing human rights concerns.

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