Match Group (MTCH) CEO Spencer Rascoff is looking to change Tinder’s reputation, stepping away from the idea the site is mostly for hookups, Chip Cutter of The Wall Street Journal reports. Rascoff will be taking the top job at Tinder and recently laid out his vision for the app in an internal memo. Rascoff plans to speed up new product changes, leverage AI, and boost user safety.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTCH:
- Tinder CEO Faye Iosotaluno stepping down in July
- Match Group: Strategic Initiatives Amid Mixed User Trends and Market Challenges Justify Hold Rating
- Evercore remains cautious on Match Group shares after CEO meeting
- Elliott buys Equinix, exits NRG in Q1
- Jeffrey Smith’s Starboard Value buys Qorvo, cuts Pfizer in Q1