Bumble cuts ~350 employees as dating apps face a reckoning

Huh, so people DO get tired with apps nickel and diming every interaction

Want to filter by more than 2 things? Pay up. Want to send a message? Pay up. Want some privacy measures? Pay up. Also the features are scattered across multiple paid plans, with separate per-item costs for roses/likes/super-likes etc.

This isn't limited to Bumble either

Chasing endless growth in a dating app is missing the point of a dating app

The near-term product roadmap will focus on AI and enhanced safety measures, Jones said, as well as features designed to appeal to younger audiences.

will focus on AI

Oh boy

I paid for a month of Bumble and that's how I realized it's a scam. I get monetizing your business. But they wanted me to pay them to extend a window of how long a girl has a chance to respond after I like them. You only get 24 hours.

I'm smart enough to know women have lives. And what if my "soulmate" didn't see my like because she didn't log in to the app for a few days? The app shouldn't shake me down for more cash just to keep my visibility. You can monetize features, and perks, and number of swipes. But don't monetize the ability for people to meet. In my opinion OkCupid is still the best one around.

Dating apps all cannibalised their own services by creating tiered access. amazing work besties

Yo get fucked I hope they all go out of business

Fuck wall street. Profits are once again up, but it's just not enough for these greedy fucking investors. These people are out of control.. It's only a matter of time before non-tech companies start getting impacted.

This is the best summary I could come up with:

While up from the same period a year ago, earnings came in below Wall Street expectations and were paired with a disappointing Q1 2024 forecast — sending Bumble’s stock tumbling ~10% in after-hours trading.

The near-term product roadmap will focus on AI and enhanced safety measures, Jones said, as well as features designed to appeal to younger audiences.

“We believe these actions will strengthen our foundational capabilities and enable us to continue delivering new and engaging user experiences that create healthy and equitable relationships,” Jones said during a call on today’s earnings.

Bumble has also had to contend with internal organizational shifts in the wake of founder Whitney Wolfe Herd stepping down as CEO last November and transitioning into the role of executive chair.

Dating apps generally — including Match Group’s — have seen declining revenue from users reluctant to fork over cash for premium add-ons.

Hinge, among others, meanwhile, is embracing the move to IRL meetups, launching a fund and promotions to sponsor singles events.

The original article contains 450 words, the summary contains 166 words. Saved 63%. I'm a bot and I'm open source!

Why did Bumble have 350 employees in the first place? What does the app even do? I'm old enough to remember Craigslist personals. That was basically a handful of perl scripts and it worked very well, except it needed a bit more moderation to keep out the sex workers, and they ended up shutting it down. I guess Tinder has that swipe left swipe right thing, but no idea how much staff is behind it.