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The Peak Daily

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
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.
07:55

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Quick takeaways

  • 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.

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