Tinder’s CEO Renate Nyborg resigned following the company’s disappointing second-quarter results

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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.

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Tinder’s CEO Renate Nyborg resigned following the company’s disappointing second-quarter results


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.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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