Get the latest tech news
Hinge and Grindr are leaving Bumble and Tinder in the dust
Grindr's stock price is up almost 120% from last year
“Online dating trends have continued to decelerate industry-wide, showing minimal relief from the recent struggles,” Morgan Stanley analysts Nathan Feather and Brian Nowak wrote in a research note Tuesday. Hinge — which is owned by Tinder’s parent company, Match Group, and brands itself as an app for serious relationships — has seen a huge surge in paying users this year. “Grindr is a few years older than Tinder or Bumble and we think the recent rejuvenation of the brand demonstrates innovation is still very possible while balancing free user features and monetization,” Feather and Nowak wrote.
Or read this on r/technology
