Why The Stock Market is Swiping Left on Dating Apps
Money Rehab with Nicole Lapin
Money News Network
4.6 • 1.7K Ratings
🗓️ 9 November 2023
⏱️ 7 minutes
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| 0:00.0 | I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand. |
| 0:06.3 | It's time for the money news roundup of the week where we take a look at the top money stories and check in to see how they're impacting your wallet. |
| 0:22.0 | And we're going to dive right into your wallet actually with our first story. |
| 0:25.0 | Mint, the budgeting app will shut down at the end of the year. |
| 0:28.0 | Mint's parent company, Intuit, also owns Credit Karma and they're trying to get users to replace Mint with Credit Karma. |
| 0:35.0 | Unfortunately Credit Karma doesn't have the budgeting tools though that made Mint |
| 0:39.1 | such a great app over the great app, Mint has always struggled to make money themselves. |
| 0:54.0 | But Mint isn't the only app in the news right now. |
| 0:56.2 | Dating apps in general have been struggling to find users. |
| 0:59.9 | Now, dating apps have always been a bit of a weird business model. |
| 1:03.8 | If their product works, you delete it because you found your partner. |
| 1:07.4 | While they have tried various different strategies to hold on to users after they find |
| 1:11.6 | love, none of them have been as successful. on to use |
| 1:17.0 | sustain their business. So it's bad news for them that 79% of college students across the country |
| 1:23.4 | report having never actually used dating apps in a recent survey. |
| 1:27.0 | While it could be that they still have ample chances |
| 1:29.5 | to meet partners in person and just don't need apps, |
| 1:32.4 | it could also represent a larger shift in dating culture, |
| 1:36.0 | which is probably good for the college students, but bad for companies like Tinder and Bumble. |
| 1:40.0 | Bumble has suffered from a very bumpy run since it went public in 2021. |
| 1:45.6 | In the first week of being publicly traded the share price rocketed to 7889 |
| 1:50.4 | blasting Bumble founder and CEO Whitney Wolf heard best name ever into the position of being the youngest self-made female billionaire |
... |
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