Tinder, one of the most popular dating platforms in the world, has made a name for itself with the tension between Google and Google recently. The company wants to leave this situation with the least damage, but the waters are not calm within the company.
Tinder CEO Renate Nyborg resigns before completing 1 year
Tinder fell short of expectations in its second-quarter earnings. The invoice was given to Renate Nyborg, the CEO of the platform. Tinder’s parent company, Match Group, announced the breakup news while announcing its second quarter chart.
The failure of Match Group to meet Wall Street expectations led to a series of management changes. The company announced that it will make radical changes in its working policies with these changes. Match Group CEO Bernard Kim addressed his shareholders with these words:
Today we are announcing the departure of Tinder CEO Renate Nyborg. We are making some changes to the management team and structure that I believe will help Tinder unleash its full potential. After seeing the mixed results from the Tinder Coins test, we decided to take a step back and re-examine this initiative.
Renate Nyborg, on the other hand, confirmed the news of separation by expressing her thanks. The new CEO of the platform is not yet known, but Bernard Kim, who is temporarily the CEO of the parent company, will take over. The company, which also owns dating apps such as OkCupid, Hinge and Plenty of Fish, expects sales of close to $800 million in the third quarter, which will end in September.
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