💨 Abstract

Match Group, the parent company of Tinder, forecast lower annual revenue than expected, indicating a decrease in user spending on dating apps. This comes as online dating apps experience a slowdown in demand and user engagement due to economic uncertainty and lack of new features. Match Group appointed Spencer Rascoff as its new CEO, effective immediately, replacing Bernard Kim. The company expects its revenue to be between $3.38 billion and $3.50

Courtesy: theprint.in

Summarized by Einstein Beta 🤖