After a year, CEO Renate Nyborg will go from the dating app Tinder.


After a year, CEO Renate Nyborg will go from the dating app Tinder.


Renate Nyborg, CEO of the dating app Tinder, is leaving the company less than a year after taking the position.

She left Tinder as part of some management changes that Match Group, Tinder's parent company, revealed.

The strategic assessment is also looking at Tinder's ambitions to adopt new technology, such as virtual currencies and metaverse-based dating.

Match Group released second-quarter numbers that were less than Wall Street forecasts when the announcements were made.

In a letter to shareholders, Match Group CEO Bernard Kim stated that today we're announcing the departure of Tinder CEO Renate Nyborg, and I've made specific changes to the management team and structure that will help reach Tinder its full potential.

Mr. Kim will fill Ms. Nyborg’s position while the firm looks for a new CEO for Tinder.

I have treasured every moment of the previous two years working with an I.N.C.R.E.D.I.B.L.E team on the beauty of human connection, Ms. Nyborg wrote in a LinkedIn piece.

The announcement also includes reviewing plans for introducing new technologies and reorganizing Tinder's top management team.

After testing Tinder Coins and discovering inconsistent results, we've stepped back and re-examined that endeavor, said Mr. Kim. We also plan to look more deeply at virtual items.

The dating app owners Match, who also operate OkCupid, Hinge, and Plenty of Fish, forecast that sales for the three months ending in September would be in the $790 million to $800 million range.

That was much below Wall Street projections, and it indicated that there would be no increase in revenue for the time period for the company.

Mr. Kim blamed fluctuations in currency and the pandemic's effect on people's desire to use dating apps for the dull results.

He asserted that despite the majority of people having survived lockdowns and returning to more regular lives, the preparedness of people to use online dating services for the first time has not yet reached pre-pandemic levels.

In September of last year, Ms. Nyborg was elected as the company's first female chief executive.

Mr. Kim was appointed Match's CEO after Shar Dubey left the role in May after a little more than two years.

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