tinder

tinder

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Renate Nyborg is out as CEO of Tinder, less than a year after taking the helm of the popular dating app. Nyborg's exit is one of several management changes at Tinder announced by the parent company Match Group.

Tinder's plans to adopt new technology, including virtual currencies and metaverse-based dating, are also being reconsidered in the shake-up. These projects may be scaled back or canceled altogether as the company focuses on more traditional dating.

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Dating giant Match will pay $441 million to several Tinder co-founders and early employees, who claimed that the company cheated them out of billions of dollars worth of stock options, according to regulatory filings.

Tinder's former CEO and dot.LA investor Sean Rad, former CMO Justin Mateen, and others brought the case against Match, charging that it misled two investment banks to suppress a private valuation of Tinder in 2017. The valuation was used at the time to establish the price of their stock options.

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