4.6 • 2.3K Ratings
🗓️ 1 February 2023
⏱️ 41 minutes
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0:00.0 | Big tech companies usually like to settle their disputes in private, |
0:10.0 | over meetings and emails, or through arbitrations and takedown notices. |
0:14.8 | But occasionally, when a company is really fed up, it takes a fight public. |
0:22.2 | That's what seemed to be happening in the summer of 2018, |
0:25.3 | when the founder and CEO of Bumble, Whitney Wolf, heard, |
0:29.0 | came out swinging against match group on CNBC. |
0:32.4 | Match was unable to acquire us successfully, and they then filed a baseless lawsuit on our company. |
0:40.0 | Bumble is the second most downloaded dating app in the US. |
0:43.6 | It's behind Tinder that it kind of feels just like Tinder. |
0:47.3 | On both apps, you swipe left or right through a stack of people to make connections. |
0:52.3 | That was the basis of match groups lawsuit against Bumble, |
0:55.9 | that the competing app stole Tinder's patented precious swipe. |
1:02.6 | But to Wolf heard, this lawsuit wasn't about product design. |
1:06.6 | It was about retribution, because match had reportedly tried to buy Bumble twice and failed. |
1:14.8 | We are a high risk to any of our competitors right now. |
1:17.9 | Our growth is exceeding everyone's expectations, even our own growth goals. |
1:23.8 | Bumble was in just its fourth year and, frankly, killing it. |
1:27.9 | So we've been a profitable business since year two. |
1:31.4 | We don't even have an ad model yet. |
1:33.6 | This is strictly on a freemium subscription model. |
1:36.9 | And so you can imagine we're just scraping the tip of the iceberg for our growth opportunity |
1:42.1 | and for a revenue opportunity. |
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