Dating CEO 👩💼 — Bumble hopes its new CEO is the perfect match. The down-low Google vs. Epic Games. Social media is ready for its own kind of retail therapy.
Nov 7, 2023
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Bumble has a new CEO who believes in using AI for better matchmaking. Dating apps are losing popularity, affecting their revenue. Epic Games is battling Google over app store monopolies. Social media platforms are investing in e-commerce through shopping-focused ads.
The decline in popularity of dating apps, as seen from Bumble's struggles and the decrease in paying users for Match Group, is influenced by Generation Z's shift away from these apps as they explore alternative ways of connecting.
The ongoing antitrust trial between Google and Epic Games has the potential to impact Google's dominance as a search engine and force the company to update its practices, particularly regarding its app store and alleged practices of forcing phone makers to pre-install and promote Google apps.
Deep dives
Salary Transparency and Dating Apps
The podcast discusses the new law in Ontario that requires employers to provide salary ranges in job postings. This move is seen as a win for paid transparency and may also influence social dynamics, such as encouraging higher-earning coworkers to cover the bill at happy hour. The discussion also highlights how some companies, like Netflix, set wide salary ranges to accommodate for undefined seniority levels. Additionally, the podcast covers the decline in popularity of dating apps, focusing on Bumble's struggles since going public, the decrease in paying users for Match Group, and the potential impact of Generation Z's shift away from dating apps as they seek alternative ways of connecting.
Antitrust Trial between Google and Epic Games
The podcast dives into the ongoing antitrust trial between Google and Epic Games. Epic argues that Google's app store monopolizes the market and imposes exorbitant fees on developers and Android users. Comparisons are drawn to a previous lawsuit with Apple, where the court ruled in favor of Apple with some concessions made. This time, the jury's involvement might benefit Epic's claims, especially regarding Google's alleged practices of forcing phone makers to pre-install and promote Google apps. The potential outcome of the trial could impact Google's position as a dominant search engine and force the company to update its practices in response to various antitrust challenges.
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Bumble's New CEO, Google vs. Epic Games, and Declining Popularity of Dating Apps