Latest news with #FayeIosotaluno
The Star
22-05-2025
- Business
- The Star
Tinder CEO Iosotaluno to step down in July
FILE PHOTO: Tinder Chief Operating Officer Faye Iosotaluno speaks during the Reuters-hosted MOMENTUM event in Austin, Texas, U.S., October 11, 2022. REUTERS/Spencer Selvidge/File Photo (Reuters) -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 personalization 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. (Reporting by Juby Babu in Mexico City; Editing by Mohammed Safi Shamsi)
TechCrunch
22-05-2025
- Business
- TechCrunch
Tinder CEO to step down in July
In Brief Faye Iosotaluno, the CEO of Tinder, will step down from her role in July, according to a post she published on LinkedIn. Isootaluno served less than a year in the role, and spent nearly eight years overall at the company, which is owned by Match Group. In her post, she said she was 'especially proud to build and work alongside an exceptional team.' She said what is next for her is 'deeply personal.' 'The consumer tech landscape is evolving in exciting, unpredictable ways – and so are my own ambitions,' she wrote. 'Building upon the headway and lessons I've learned at Tinder where diverse voices around the table make better and more impactful decisions, I'm drawn to replicating that progress by supporting and building alongside the next generation of women leaders, founders, and investors.' Meanwhile, in a separate post, Match Group CEO Spencer Rascoff said he would step in to lead the Tinder team. 'I'm grateful for the time we've spent together over the past few months preparing for this news to ensure a smooth transition,' he wrote. 'As I step in to lead the team, I'm energized by the momentum you've helped create and excited to continue building with the exceptional leaders in place.' Match Group is trying to find ways to boost Tinder's growth, Bloomberg reports. Earlier this month, Match Group announced a 13% reduction in staff to cut costs and streamline decision-making. A chunk of those cuts were at Tinder, Bloomberg reported.
Yahoo
22-05-2025
- Business
- Yahoo
Tinder CEO Iosotaluno to step down in July
(Reuters) -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 personalization 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. Sign in to access your portfolio
Reuters
22-05-2025
- Business
- Reuters
Tinder CEO Iosotaluno to step down in July
May 22 (Reuters) - 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 personalization through deeper integration of artificial intelligence into its recommendation system. Tinder parent Match Group's (MTCH.O), opens new tab 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 (BMBL.O), opens new tab.
CNA
22-05-2025
- Business
- CNA
Tinder CEO 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 personalization 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 per cent fall in paying users during the first quarter. The company also announced plans to cut 13 per cent 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.
