Thursday, December 8, 2016
a "NEW" CEO for Tinder
SA article: Match Group Under Scrutiny
Put more simply:
Sean Rad = chairman of Tinder and chairman of Swipe Ventures
Greg Blatt = CEO and chairman of Match and CEO of Tinder
For me: internal war between Tinder and Match App.
Tinder is in big war with Badoo, and can not outperform it.
The mission of Tinder was to kill Badoo, but it seems Tinder is killing Match.
It seems there is an internal war between Tinder and Match App.
If Tinder is cannibalizing Match and Match Group now wants to promote more Match App and not much Tinder because Tinder is not monetizing as expected?
Please do not forget when the IAC Personals, now Match Group, bought OKCupid (5+ years ago) for an astronomical amount of money, the OKCupid team had the task to copycat Badoo, but they failed in that mission. IAC Personals backed Tinder instead (via Hatch Labs), as the copycat of Badoo.
But Tinder (4+ years old site) can not outperform Badoo (10+ years old site).
And Badoo also owns Bumble.
Match Group, parent company of Tinder, has a big debt of USD 1.2 Billion!!!
The Match Group is only a collection of old and obsolete online dating sites: Match, Meetic, Chemistry, OkCupid, LoveScout24 (FriendScout24), OurTime, HowAboutWe and many more!
Match Group had been doing all wrong, acquiring rotten companies to show illusory success to its investors.
For me it is clear they do not want to innovate.
They want to squeeze their big databases to get all the juice (money) from the wallets of the daters.-------------------------
Also via Online Personals Watch
Nov 30 2016 - Vice Chairman Sam Yagan sold 59k shares of Match Group's stock (worth ~ USD 1 Million) on Nov 23rd and another 149,427 shares (worth ~ USD 2.7 Million) on Nov 22nd.
Following the transactions, he now owns 59,646 shares in the company.
Perhaps he was alerted in advance Tinder's CEO were going to be removed and sold shares!