Dating App Tinder CEO Faye Iosotaluno To Step Down In July
Tinder CEO Faye Iosotaluno said on Thursday that she would step down in July, as the dating app aims to attract more users.
Iosotaluno, who has led Tinder since January 2024, oversaw the dating platform's increased focus on personalisation through deeper integration of artificial intelligence into its recommendation system.
Tinder parent Match Group's CEO, Spencer Rascoff, in a LinkedIn post said he would step in to lead the Tinder team.
"Tinder is in great hands with Spencer and the leadership team," Iosotaluno said in her LinkedIn post, where she announced her departure.
Rascoff was appointed Match CEO in February, with a focus on tackling a slowdown in user engagement.
Match earlier this month reported a 5% fall in paying users during the first quarter.
The company also announced plans to cut 13% of its workforce as part of Rascoff's turnaround strategy.
The online dating industry has been facing challenges, with ongoing inflation, a shortage of innovative features, and market stagnation drawing users away from popular dating apps such as Tinder and Bumble.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
4 hours ago
- Mint
Mumbai police shut down 'locker service' of auto driver who went viral for earning ‘ ₹5–8 lakh': ‘Licence only to...'
An auto driver from Mumbai recently made headlines after a LinkedIn user heaped praises on his "brilliant business" model -- where the social media user claimed that he earns ' ₹ 5 to ₹ 8 lakh' a month not by driving the auto, but by just standing outside the US consulate in Mumbai's Bandra Kurla Complex (BKC) and safeguarding the belongings of the visitors. The driver has now landed in hot waters as Mumbai Police have summoned him along with 12 others involved. Last week, VenueMonk co-founder Rahul Rupani had shared the auto driver's story on LinkedIn, which went viral on social media, leaving several users in "disbelief." The man in the post claimed that he was not allowed to carry his bag inside the US consulate during his visa appointment and was unsure of where to keep his belongings. That's when a nearby auto driver extended a helping hand — but with a 'fee of ₹ 1,000'. 'Sir, bag de do. Safe rakhunga, mera roz ka hai,' the driver reportedly said. In his viral post, he claimed the driver was making ₹ 5–8 lakh a month through this side hustle. The post drew attention, even earning praise from billionaire Harsh Goenka, who called it 'pure Indian jugaad.' However, the driver's claimed earnings have now been debunked. As the post went viral, Mumbai Police summoned the auto driver along with 12 others who were offering similar locker services to US consulate visitors. A senior officer from the BKC police station told Hindustan Times that 'parking is strictly prohibited' in the area due to heightened security, and auto drivers are only allowed to 'drop passengers off and leave.' The police also noted that the drivers had no legal permission to run locker services or store items in nearby shops. Authorities flagged that 'any misplaced items could lead to serious security risks.' 'The auto driver has a licence to transport passengers, not to run a locker service. Therefore, we inquired into the matter and he has now stopped providing lockers,' police told Free Press Journal.
NDTV
5 hours ago
- NDTV
"Rs 13 Lakh A Year": Mumbai Man Highlights High Cost Of Raising A Child, Sparks Debate
A LinkedIn post by a Mumbai-based man has caught widespread attention for highlighting just how expensive it has become to raise a child in urban India. In his post, Ankur Jhaveri calculated the cost of raising a child in a metropolitan city after having a conversation with his cousin, who teaches at an international school. "I never realised the real cost of raising kids in India, until I met my cousin last week," he wrote in his post, before offering a glimpse into the staggering numbers involved. According to Mr Jhaveri's breakdown, just the tuition fee at a reputed international school could set parents back by anywhere between Rs 7 to Rs 9 lakh a year. That, he said, was just the beginning. "Add to it the cost of uniforms, books, private tuitions and other stuff - another 2 to 4 lakhs a year," he added, bringing the total education-related expense to roughly Rs 12 lakh a year. Then, Mr Jhaveri also factored in a few other expenses. "Add to it some additional coaching/extra-curricular activities, clothes, birthday parties, leisure expenses, etc., at Rs 8000-10,000/month (Rs 1 lakh a year)," he wrote. Altogether, he estimated the yearly spend at roughly Rs 13 lakh per child. Mr Jhaveri then calculated that if a parent spends roughly 30% of their income on their child, the net salary needs to be around Rs 43-44 lakh per year. And when you include taxes, the figure goes up further. "But abhi baaki hai mere dost... The fun part is still left - Income Tax! Assuming you pay 20% of your salary as tax... your gross salary, to afford this lifestyle for your kids, should be about Rs 55 lakhs," he wrote. It doesn't end here. "This is if you have ONE kid," he pointed out. "Have another one, and these numbers increase substantially," he said. In the conclusion, Mr Jhaveri wrote, "I always used to wonder why people these days don't want to have kids. Now I know why..." He also acknowledged that his figures were a rough estimate and invited input from parents: "Those of you who actually have kids, please tell me what else I'm missing (I'm sure there's something)." Predictably, the post has sparked a debate online. While some parents agreed with Mr Jhaveri, others argued that such expenses only applied to those aiming for premium education in metro cities. "This is present cost. What about the future cost of any professional degree or course, especially if planning abroad?" wrote one user. "I guess the real problem that needs to be solved first is not the high cost of Education..... It's FOMO," commented another. However, disagreeing with Mr Jhaveri, one user said, "I would tag these schools as "branded" schools. My school fees was less than Rs 15k a year, i believe it has not touched the lakh figure yet. So choosing good school vs branded one is more important." "I am shortlisting schools... and you get decent ones within a lakh to Rs 1.5/yr all inclusive," arguing that the estimate seems skewed by considering only top-tier schools," commented another.
Hindustan Times
6 hours ago
- Hindustan Times
Mumbai auto driver's locker service shut down by cops after viral ' ₹5–8 lakh earning' claim
The autorickshaw driver who recently made headlines for claiming to earn " ₹5 to ₹8 lakh a month' without driving passengers around but offering to safeguard their belongings while they visit the US consulate in Mumbai's Bandra Kurla Complex (BKC) has landed in trouble with the police. Last week, VenueMonk co-founder Rahul Rupani had shared the auto driver's story on LinkedIn. He revealed that he was not allowed to carry his bag inside the US consulate during his visa appointment and was unsure where to keep his belongings. That's when a nearby auto driver offered to hold onto his bag for a fee of ₹1,000. 'Sir, bag de do. Safe rakhunga, mera roz ka hai," the driver reportedly said. Rupani initially hesitated but agreed, later praising the driver's "brilliant business" model. In his viral post, he claimed the driver was earning between ₹5 to ₹8 lakh a month through this side hustle. The post even received praise from billionaire Harsh Goenka, who called it 'pure Indian jugaad.' However, the driver's alleged earnings have since been debunked. As the post gained attention, Mumbai police summoned the auto driver along with 12 others who were running similar locker services for US consulate visitors. A senior officer from the BKC police station told Hindustan Times that parking is strictly prohibited in the area due to security concerns. Auto drivers are only permitted to drop passengers off and leave. The police pointed out that the drivers lacked any legal permission to operate locker services or store belongings in nearby shops. Authorities raised concerns that any misplaced items could lead to serious security risks. 'The auto driver has a licence to transport passengers, not to run a locker service. Therefore, we inquired into the matter and he has now stopped providing lockers," police told Free Press Journal.
