Dating app Tinder’s CEO Renate Nyborg resigned after less than a year on the job, following the company’s disappointing second-quarter results. Bernard Kim, CEO of Tinder’s parent company Match Group, admitted late Tuesday in a shareholder letter that the dating app has not been able to achieve its typical monetisation success in recent quarters.
He announced Nyborg’s departure, as well as changes to the management team and structure. “While we look for a permanent Tinder CEO, I will lead a newly formed team of executives who will manage day-to-day operations and ensure the Tinder organisation is well coordinated, ships great new features at a faster pace, and delivers on Tinder’s promise,” Kim explained.