Aug 5, 2022 | Politics

Tinder Scales Back Metaverse Dating Plans Due to Poor Revenue

Tinder Scales Back Metaverse Dating Plans Due to Poor Revenue

Following a poor recent earnings report, Match Group has announced plans to scale back Tinder’s metaverse dating program.

The Verge reports that following a poor earnings report for the last quarter, Match Group has announced that it is scaling back Tinder’s metaverse dating plans and scrapping the redevelopment of an in-app Tinder Coins currency. Tinder CEO Renate Nyborg is also leaving the position after being appointed the app’s first female CEO just last September.

Tinder blank profile

(Getty/ Joe Raedle)

Mark Zuckerberg introduces Meta (Facebook)

Nyborg previously had plans to take Tinder into the metaverse and acquired a company called Hyperconnect last year which focuses on video, AI, and augmented reality technology. Nyborg previously described an avatar-based “Single town” experience as a way for Tinder’s users to meet and interact in virtual spaces.

Now, Match Group CEO…

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