History
The original prototype for Tinder, called 'MatchBox', was built during a hackathon in February 2012 by Sean Rad and engineer Joe Munoz. The hackathon was hosted by Hatch Labs, a NY-based startup incubator with a West Hollywood outpost. Realizing the name MatchBox was too similar to Match.com, Rad, his co-founders, and early employees renamed the company Tinder. The company's flame-themed logo remained consistent throughout the rebranding. * "When Whitney did interviews, she repeatedly asked Sean to let her go by 'co-founder,' claiming that the press would take her more seriously if she had that title, according to people in the office." * "...after all, she was dating his best friend and they all worked together) and he did, in fact, give in a number of times." * "Sean knew she wasn’t a founder… we all knew she wasn’t a founder," one source said on the phone. "But he wanted to help her career, and he knew that having female representation in the press could only be a good thing for the company." * One employee even recounted an instance in which Whitney said that she knew she wasn't supposed to be using "co-founder" in her email signature, but would continue to do so until Sean found out." * "One employee, who was present in a meeting between Sean and Whitney, says that after the ''Harper's Bazaar'' article and a couple of others like it, Sean explained that Whitney should not have been using the term co-founder in the press because it was confusing with the media and internally at Tinder." * "That same witness says that Whitney sent a series of messages to Sean shortly following the article's publication in which she expresses that she knew she wasn't supposed to be going by co-founder for that article." * "There's also evidence pointing to the fact that she may have used the term co-founder behind the backs of other founders and against their wishes, which adds even more fog to the situation." * "Yet, it seems that Whitney was well aware that her use of the term co-founder was for the purposes of doing press for the company and not because she actually co-founded the company."2012: Prototype and launch
In January 2012, Rad was hired as General Manager of Cardify, a credit card loyalty app launched by Hatch Labs. During a hackathon in his first month, he presented the idea for a dating app called Matchbox. Rad and engineer Joe Munoz built the prototype for MatchBox and presented the "double opt-in" dating app on February 16, 2012. In March, co-founder Jonathan Badeen (front-end operator and later Tinder's CSO), and Chris Gulczynski (designer and later Tinder's CCO) joined Cardify. In May, while Cardify was going through Apple's App Store approval process, the team focused on MatchBox. During the same period, Alexa Mateen (Justin's sister) and her friend,2013: Swipe feature developed
Tinder's selection function, which was initially click-based, evolved into the company's swipe feature. The feature was established when Rad and Badeen, interested in gamification, modeled the feature off a deck of cards. Badeen then streamlined the action following a trial on a bathroom mirror. Tinder has been credited with popularizing the swipe feature many other companies now use.2014–2016: Growth
By October 2014, Tinder users completed over one billion swipes per day, producing about twelve million matches per day. By this time, Tinder's average user generally spent about 90 minutes a day on the app. Founder Sean Rad served as Tinder's CEO until March 2015, when he was replaced by former eBay and Microsoft executive Chris Payne. Rad returned as CEO in August 2015. In 2015 Tinder released its "Rewind" function, its "Super Like" function, and retired its Tinder "Moments" and "Last Active" feature. In January 2015 Tinder acquired Chill, the developer of Tappy, a mobile messenger that uses "images and ephemerality". In 2016, Tinder was the most popular dating app in the United States, holding a 25.6% market share of monthly users. On the company's third-quarter earnings call, Match Group's CEO Greg Blatt described the popular dating app Tinder as a "rocket" and the "future of this business." In September 2016, the company also initiated testing of its "Boost" functionality in Australia. The feature went live for all users in October of that year. In October 2016, Tinder announced the opening of its first office in Silicon Valley in the hope of more effectively recruiting technical employees. In November 2016, Tinder introduced more options for gender selection. In December 2016, Greg Blatt, CEO and chairman of Tinder's parent company, Match Group, took over as interim CEO of Tinder. Sean Rad stepped down as CEO of Tinder, becoming chairman of the company.2017: Merger with Match
Tinder had annual revenue of $403 million and accounted for 31% of Match Group's 2017 annual revenue of $1.28 billion. In the same year, Tinder surpassed Netflix as the highest-grossing app on the app store. Match Group's market cap as of December 28, 2017 was $10.03 billion. In March 2017, Tinder launched Tinder Online, a web-optimized version of the dating app. Initially, it was only available in Argentina, Brazil, Colombia, Indonesia, Italy, Mexico, Philippines and Sweden and did not include special features such as "Super Likes" or "Tinder Boost". Tinder Online launched globally in September 2017. During the launch of the official web version, Tinder took legal action to shut down third-party apps providing a web extension to use the Tinder app from a desktop computer. In July 2017, Match Group merged with Tinder for approximately $3 billion. In August 2017, Tinder launched an additional subscription service, Tinder Gold, that allowed subscribers to see which users 'swiped back' without alerting those users. Tinder Gold quickly became a successful revenue source for the company, boosting Match Group's total revenue by 19% compared to 2016. This boost in revenue and profits came as Tinder's paid member count rose by a record 476,000 to more than 2.5 million, mainly due to product changes and technology improvements. The popularity of Tinder Gold led to a surge in Match Group shares and record high share prices. Greg Blatt, Match Group's then-CEO, called Tinder's performance "fantastic," and stated that the company was driving most of Match Group's growth in late 2017. Blatt resigned from Match Group and Tinder in 2017 following allegations of sexual harassment. He was replaced by Elie Seidman.2018–2019
In 2018, Tinder had annual revenue of $805 million and accounted for 48% of Match Group's 2018 annual revenue of $1.67 billion. Match Group's market cap as of December 30, 2018 was $15.33 billion. On August 6, 2018, Tinder had over 3.7 million paid subscribers, up 81 percent over the same quarter in 2017. On August 21, 2018, Tinder launched Tinder University, a feature that allows college students to connect with other students on their campus and at nearby schools. In 2019, Tinder had annual revenue of $1.152 billion and accounted for 58% of Match Group's total 2019 annual revenue of $2.0 billion. Match Group's market cap as of December 30, 2019 was $21.09 billion. On May 10, it was reported that Tinder was planning for a lighter version app called Tinder Lite aimed at growing markets where data usage, bandwidth and storage space are a concern. On August 6, Tinder had 5.2 million paying subscribers at the end of 2019's second quarter, up 1.5 million from the year-ago quarter and up 503,000 from the first quarter of 2019. Tinder became the highest-grossing non-gaming app, beating Netflix. Tinder's subscriber growth led Match Group's shares to the best single-day gain in their history on August 7, adding more than $5 billion to the company's market capitalization. On September 12, Tinder relaunched ''Swipe Night'', an interactive series where users make decisions following a storyline. ''Swipe Night'' had previously been launched in October 2019. It was slated to be launched internationally in March 2020, but it was postponed until September due to the COVID-19 pandemic. ''Swipe Night''s international launch included multiple countries and languages. The three major decisions made in each episode of the interactive series are displayed on the user's profile for potential matches to see. In 2019, Tinder had annual revenue of $1.2 billion.2020
In 2020, Tinder had annual revenue of $1.355 billion and accounted for 58% of Match Group's 2020 revenue of $2.34 billion. Match Group's market cap as of December 23, 2020 was $40.45 billion. In January 2020, the Tinder administration enabled a panic button and anti- catfishing technology to improve the safety of US users. In the future, these features are planned to become globally available. If something goes wrong on a date, a user can hit a panic button, transmit accurate location data, and call emergency services. To use this feature, users need to download and install the Noonlight app. Also, before going to a meeting, users are required to take selfies to prove their photos in Tinder profiles match their real identities. In response to the global COVID-19 pandemic, in March 2020, Tinder temporarily made its Passport feature available for free to all of its users worldwide. Previously this feature had been only accessible to users who had purchased a subscription. In August, Tinder revealed plans for their Platinum subscription plan, which gives users access to more features for a higher price than gold. The same month, Jim Lanzone took over as CEO. On September 1, Tinder was banned in Pakistan in a crackdown on what the Pakistani government deemed "immoral content". On November 4, Tinder reported higher than expected third quarter earnings and significant platform growth amidst the COVID-19 pandemic: the app grew its user base by 15% and its subscriber count by 16% since the third quarter of 2019. According to Business Insider, Tinder's growth was fueled by a large population that turned towards online dating in response to increasing social isolation and health risks. In 2020, Match Group products, including Tinder, released video-based features to facilitate long-distance dating. Tinder had 6.6 million subscribers globally in November, growing from 6.2 million reported in June.2021
Match Group's market cap as of October 14, 2021 was $44.59 billion. In February 2021, Tinder announced it would be launching a range of mobile accessories under the brand name ''Tinder Made''. The app reported that month an all-time high in users ready to "go on a date" as opposed to virtual and online chats during the height of the pandemic in the United States. It gave away pairs of COVID-19 testing kits to some matches to encourage responsible behavior as users begin to meet in person again. In March 2021, Tinder announced a service that would let users run background checks on potential matches after an investment in Garbo, a company that "collects public records and reports of violence or abuse, including arrests, convictions, restraining orders, harassment, and other violent crimes". Garbo does not publicize drug possession charges or traffic violations, citing disproportionate incarceration. This service comes with a fee that has not yet been disclosed to users. In August 2021, Tinder announced an ID verification service to mitigate catfishing on the platform. In September 2021, Jim Lanzone announced that he was stepping down from his position of Chief Executive to pursue a new role with Yahoo. This prompted Tinder to name Renate Nyborg as CEO. She is the company's first female CEO. In December 2021, Nyborg announced that the company is working on creating a metaverse called Tinderverse, a shared virtual reality. The company is also testing ''Tinder Coins'' in-app currency users can earn as a reward for good behavior, allowing them to pay for the platform's premium services.Operation
After building a profile with aFinancials
Since merging with Tinder in July 2017, Match Group's market capitalization has grown from $8.34 billion to $44.59 billion as of October 14, 2021. In August 2021, Morgan Stanley valued Tinder's worth at $42 billion. The valuation is based on a multiple of 40x EBITDA, similar to its counterpart Bumble. In March 2014, media and internet conglomerate IAC increased its majority stake in Tinder, a move that which is believed to have valued Tinder at several billion dollars. In July 2015, Tinder was valued at $1.35 billion byPaid subscriptions
Tinder launched its subscription version, Tinder Plus, in March 2015, with the functionality enabling limitless matches, whereas the free Tinder app restricts the amount of right swipes in a 12-hour period. It has sparked debate by restricting the number of "likes" a free user may offer in a given length of time, as well as charging varying amounts for different age groups. The price of a Tinder Plus subscription was £14.99/US$19.99 per month for users over 28, while the service for a user 28 and under was £3.99/US$9.99 per month. In 2016, Tinder independently increased paying members by nearly one million, while Match Group's 44 other brands added just 1.4 million. In June 2017, Tinder launched Tinder Gold, a members-only service that offers users Tinder's most exclusive features: Passport, Rewind, Unlimited Likes, Likes You, five Super Likes per day, one Boost per month, and more profile controls. The price of a monthly membership started at $14.99 per month for users under 30 and $29.99 per month for users over 30. As of December 2020, Tinder had 6.6 million paid users. According to a Match Group SEC filing, the growth in international and North America average subscribers was primarily driven by Tinder.Users
Tinder is used widely throughout the world and is available in over 190 countries and 56 languages. As of September 2021, an estimated 75 million people used the app every month. In late 2014, Tinder users averaged 12 million matches per day. However, to get to those 12 million matches, users collectively made around 1 billion swipes per day. Tinder now limits users' number of available swipes per 12 hours based on an algorithm to make sure users were actually looking at profiles and not just spamming the app to rack up random matches. The minimum age to sign up and use Tinder was 18. As of June 2016, Tinder is no longer usable by anyone under 18. If minors were found being under 18, they were banned from using Tinder until they were 18. As of April 2015, Tinder users swiped through 1.6 billion Tinder profiles and made more than 26 million matches per day. More than 558 billion matches have been made since Tinder launched in 2012.Features
* Swipe is central to Tinder's design. The app's algorithm presents profile to users, who then swipe right to "like" potential matches and swipe left to continue their search. * Messaging is also a heavily utilized feature. Once a user matches with another user, they are able to exchange text messages on the app. *Face to Face is Tinder's video chat feature that allows users who have matched to see each other virtually. It was implemented in July 2020. * Instagram integration lets users view other users' Instagram profiles. * Common Connections allows users to see whether they share a mutual Facebook friend with a match (a first-degree connection on Tinder) or when a user and their match have two separate friends who happen to be friends with each other (considered second-degree on Tinder). * Tinder Gold, introduced worldwide in August 2017, is a premium subscription feature that allows users to see those who have already liked them before swiping. * Panic button was introduced in the US in January 2020. The feature provides emergency assistance, location tracking, and photo verification. * Traveler alert was introduced in 2019 to alert Tinder users of the LGBTQ+ community of possible penalization they are subject to when they travel to a country or geographical location that does not allow such interaction. This feature automatically hides users' profiles in countries that prohibit same-sex relationships, then allowing the user to decide if they prefer to stay hidden or not. * Plus One was announced by Tinder in October 2021 as a way for users to connect with each other on the Explore page to arrange a date for weddings. Users are able to signify if they are looking for, or are willing to be a wedding date.Advertising
An ad campaign launched by "The Barn" internship program of Bartle Bogle Hegarty (BBH) used Tinder profiles to promote their NYC Puppy Rescue Project. Using Facebook pet profiles, BBH was able to add them to the Tinder network. The campaign received media coverage from ''Lawsuits
On June 30, 2014, former vice president of marketing Whitney Wolfe filed aCriticism
Privacy concerns
Critics have raised concerns about Tinder regarding issues including cybersecurity, data privacy, and public health. Public health officials in Rhode Island and Utah have claimed that Tinder and similar apps are responsible for an increase in someSafety
In 2021, Tinder partnered with and invested in Garbo, a non-profit background check company. The partnership was intended to add a feature enabling users to run background checks on their matches. Critics believed the integration of background check software discriminates against one-third of the adult working population in the US who have criminal records. Another issue that critics raised was the unreliability of background checks since they disproportionately impact people from Black and other ethnic minorities. A Prison Policy Initiative spokesperson claimed that because the US applies laws unequally, introducing criminal background checks to dating apps would filter out marginalized groups of people. Moreover, public records and court documents often contain erroneous or outdated information. Garbo does not advertise drug possession charges or traffic violations in attempt to combat further marginalization. In 2022, Tinder announced a partnership with the campaign group No More in an attempt to protect its users against domestic violence, especially the women who are more vulnerable. No More app feature will educate users about safe dating.Transphobia
In August 2015, '' Business Insider'' reported that transgender users of Tinder were being reported and banned for being transgender. The article included an interview with a trans woman who also described abusive messages she received that included transmisogyny andReception
Reviews
'' The New York Times'' wrote that the wide use of Tinder could be attributed not to what Tinder was doing right but to flaws in the models of earlier dating software, which relied on mathematical algorithms to select potential partners. Relationship experts interviewed by the newspaper stated that users used the photographs that come in succession on the app to derive cues as to social status, confidence levels, and personal interests. ''In popular culture
The ''Natasha Aponte incident
In August 2018, Natasha Aponte made headlines after conning dozens of men she had matched with on Tinder to meet her in Union Square, Manhattan at 6 p.m. for a "Live Tinder" dating competition. According to some, they received an unsolicited message from Aponte inviting them to meet her. Upon arrival, the men discovered that they had been conned into competing for Aponte, who explained that "she was over dating apps and wanted instead for her suitors to participate in a competition." The stunt was intended to point out the superficiality of online dating apps like Tinder which function on a "hot or not" ideology. Producer Ron Bliss toldUser behavior
Men use dating apps and websites at a higher frequency than women do—measured by frequency of use and number of users both. According to Statista, as of March 2021, 75.8% of the US Tinder userbase is male, while just 24.2% of it is female. The first study on swiping strategies, conducted by Queen Mary University in London, reveals that "men tend to like a large proportion of the women they view but receive only a tiny fraction of matches in return—just 0.6 percent". On the contrary, women are much more selective about who they swipe for, but match at a 10% higher rate than males do. The study then went on to analyze the difference in responsivity between males and females—finding that women are more engaged and take longer to craft a response, while men usually send shorter messages, averaging 12 characters in length. According to University of Texas at Austin psychologist David Buss, "Apps like Tinder and OkCupid give people the impression that there are thousands or millions of potential mates out there. One dimension of this is the impact it has on men's psychology. When there is ... a perceived surplus of women, the whole mating system tends to shift towards short-term dating," and there is a feeling of disconnect when choosing future partners. In addition, an article written for '' The Atlantic'' suggested that the appearance of an abundance of potential partners causes online daters to be less likely to choose a partner and be less satisfied with their choices of partners. In a 2018 article written for '' The Atlantic'', it is mentioned that data released by Tinder itself in 2018 has shown that of the 1.6 billion swipes it records per day, only 26 million results in matches (a match rate of approximately only 1.63%). A Tinder user interviewed anonymously in the article estimated that only one in 10 of their matches actually resulted in an exchange of messages with the other user they were matched with, with another anonymous Tinder user saying, "Getting right-swiped is a good ego boost even if I have no intention of meeting someone," leading the article author to conclude "Unless you are exceptionally good-looking, the thing online dating may be best at is sucking up large amounts of time." In August 2015, journalistSee also
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