Monday, July 15, 2024

Whitney Wolfe Herd, the founder of Bumble, a women-centered dating app, will be stepping down from her position. Lidiane Jones, the CEO of Slack, a workplace-messaging platform, will be taking over as the new chief executive of Bumble starting on Jan. 2, according to Bumble. However, Ms. Wolfe Herd will remain as the executive chair of Bumble. The news was first reported by The Wall Street Journal.

Ms. Wolfe Herd, who is also a co-founder of Tinder, another dating app, stated in a press release that she is passing on the reins to a respected female leader. She will now focus on her founder roots and bring her passion and dedication to the next phase of growth for Bumble.

In her statement, Ms. Jones expressed her excitement about taking on the role of chief executive at Bumble. She emphasized her admiration for the company’s dedication to women, equality, integrity, and kindness, which are all principles that resonate deeply with her.

Bumble, known for its women-first approach, went public in 2021. Ms. Wolfe Herd briefly became one of the few female billionaires in the world, according to Bloomberg. As of the second quarter of this year, Bumble had 2.5 million paying users. The company will be announcing its third-quarter earnings on Tuesday.

According to a survey conducted by Pew Research Center in the United States, about one-third of adults have used a dating app. However, the dating app industry experienced slow revenue growth and a decrease in user numbers last year, leading to concerns of oversaturation among investors, as reported by Morgan Stanley.

Match Group, the parent company of various online dating services including Tinder, Match.com, OkCupid, Hinge, and Plenty of Fish, saw a more than 15 percent decline in stock price after lowering its 2023 revenue projections in its third-quarter earnings report. Match stated that the number of users paying for Tinder decreased by 6 percent compared to the previous year.

Ms. Jones, originally from Brazil, became the CEO of Slack, which is owned by Salesforce, in January. Prior to that, she held executive positions at Salesforce and spent nearly 13 years at Microsoft. She shared her focus on leveraging artificial intelligence to enhance matchmaking on the Bumble app in an interview with The Wall Street Journal.

“As a woman who has worked in technology throughout my career,” said Ms. Jones in a statement, “it is a privilege to utilize my experience to lead a company that is dedicated to women and promoting equality, integrity, and kindness, values that are personally meaningful and inspirational to me.”

Check out our other content

Check out other tags:

Most Popular Articles