Latest news with #Reuters-hosted
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)
Al Etihad
29-04-2025
- Business
- Al Etihad
Abdulla Al Hamed attends 'Momentum AI' conference in New York
29 Apr 2025 13:46 NEW YORK (WAM) Abdulla bin Mohammed bin Butti Al Hamed, Chairman of the National Media Office and Chairman of the UAE Media Council, attended the Reuters-hosted 'Momentum AI New York 2025' in the United States from April participation aimed to strengthen strategic partnerships with global technology leaders and explore international best practices in digital transformation, with a focus on boosting the media sector's readiness for future challenges and leveraging AI to enhance content quality and accelerate workflows. The Chairman of the National Media Office attended several sessions that showcased how AI supports long-term growth strategies and listened to insights from industry leaders on integrating AI solutions to drive innovation and operational efficiency. Al Hamed, accompanied by Dr. Jamal Mohammed Obaid Al Kaabi, Director-General of the National Media Office, met with Steve Hasker, President and Chief Executive Officer of Thomson Reuters; Paul Bascobert, President of Reuters News; Jeffrey Katzenberg, Founding Partner of WndrCo; Justin Wexler, General Partner of WndrCo; and Ryan Patel, a global business executive and board member at the Drucker School of meetings discussed ways to enhance cooperation and harness emerging technologies to advance the global media landscape. Al Hamed also highlighted the UAE's 'BRIDGE Summit," a key initiative aimed at fostering collaboration and innovation in the international media sector. He invited the participants to take part in the upcoming edition of the summit, set to be held in Abu Dhabi this December.
