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Stock impact report

Dating apps move to friend zone in search of profits [Yahoo! Finance]

Match Group, Inc. (MTCH) 
Last match group, inc. earnings: 2/4 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.mtch.com/investor-relations
Company Research Source: Yahoo! Finance
The giants of the industry -- Bumble and Match, which owns Tinder -- have both created apps catering to friendly meetups, joining countless smaller platforms that have already entered the friend zone. Bumble For Friends launched in July last year and by the third quarter of this year had around 730,000 monthly active users, according to figures from market intelligence firm Sensor Tower. Bumble has also acquired the Geneva app, which caters to people wanting to form groups around particular interests. "It's just the beginning of our vision to expand the company's footprint and helping people find connections broadly," Bumble CEO Lidiane Jones said during the Web Summit in Lisbon on Wednesday. Match, meanwhile, launched the Yuzu app in February targeting the Asian community in the United States, offering a choice between friendly or romantic encounters. The group has also been testing a service dedicated to friendship in France on its dating app for older people, DisonsDemai Show less Read more
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