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Swiping left: Tinder pulls back on Metaverse dating plans

08/04/2022

Less than a minute

2022.08.04 10:13

Swiping left: Tinder pulls back on Metaverse dating plans

Match Group (NASDAQ:MTCH), the parent company of popular dating app Tinder, says it is cutting funding for Web3-related research and development amid disappointing Q2 earnings and the departure of Tinder’s current CEO.

In a letter to shareholders on Tuesday, Match Group CEO Bernard Kim revealed that it will be scaling back its metaverse investments as well as scrapping plans to release an in-app digital currency called Tinder Coins.

08/04/2022

Less than a minute

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