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Dating app behemoth Match Group has name Faye Iosotaluno as the new Tinder CEO , two years after the late CEO Renate Nyborgleft the company in August 2022 . During that time , Match Group CEO Bernard Kim held the position .
Iosotaluno has been bring at Match Group since 2017 . She was promoted from the company ’s chief scheme officer status toTinder ’s master operating officer in 2022when Nyborg departed . Nyborg is now buildingan AI fellow traveler startupbacked by Sequoia and Andrew Ng ’s AI Fund .
“ Faye ’s understanding of the dating class is unparalleled and coupled together with her remarkable leadership capabilities , I experience Tinder will remain to lead the class , ” saidBernard Kim , Match Group CEO in a affirmation .
Match Group has see the number of pay users wane over the last few stern . However , in its Q3 2023 earnings report , it say that due to price optimisation , overall revenue through pay users increased .
In September , the party introduceda pricey $ 499 per month subscriptionto get matched with “ most sought after ” profile .
Last year , as a part of a settlement with Google , Match Group wasallowed to offer in - app leverage through its own billing serviceson Play Store alongside Google ’s own billing scheme . This mean the dating giant will have to pay 26 % or 11 % ( look on the character of payment ) to Google . This user choice billing understanding between two company will go into effect by March 31 , 2024 . This cut might increase in - app leverage earnings for Tinder and other Match Group properties .
Tinder also started to experiment with anAI - powered photo natural selection feature last year . In August , Match Groupappointed former Zynga head word of growth Mark Kantor as vice president of innovationto focus on insert AI - powered characteristic across its properties .
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before this hebdomad , The Wall Street Journalreported that activist investor Elliot Investment Management has progress up a stakes of $ 1 billion in Match Group . Elliot will discuss changes with Match Group to improve the companionship ’s carrying out , according to the report .
Match Group ’s stock has dunk more than 13 % in the last 12 months . However , on the back of the account of Elliot ’s investment and naming of the raw CEO , the percentage prices jumped over 3 % during after - hours on Tuesday .
