metaverse The concept has now begun to take a place in our lives. Many companies have started to make their names known in the metaverse universe. These are now the popular dating app Tinder was also added. However, for now, the company plans to put its plans in the virtual world one click behind.
The surprising metaverse decision from Tinder
A recent metadata Tinder It looks like we won’t be able to see it. , Match Group chief Bernard Kim announced that Tinder is looking to scale down its metaverse plans. In a shareholder letter, Kim announced that “uncertainty” about virtual worlds worries the company. He said it requires the team not to “invest heavily” in metadata.
Match also announced that it suffered an operating loss of $10 million in the quarter. The reason for this is the purchase of Hyperconnect.
Kim said the company is also “stepping back” in its plans to introduce Tinder Coins. Although it does not completely trash the digital currency, the company seems to be experiencing financial problems like every global company at the moment.
Tinder is also facing a leadership turmoil. CEO Renate Nyborg is leaving the company. It’s unclear why She left, but Kim said she’s looking for a replacement for Match.
We can say that Tinder is facing an uncertain future. With the arrival of the corona virus, most platforms started to have problems. There is also a decline in the number of people willing to try online dating. Kim said the situation has deteriorated because of the pandemic. The executive hopes that more aggressive product rollouts will encourage newcomers like live video and “excuse” dating services.