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Swiping left: Tinder pulls back on Metaverse dating plans

Published 08/04/2022, 01:14 AM
Updated 08/04/2022, 03:00 AM
Swiping left: Tinder pulls back on Metaverse dating plans
MTCH
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Match Group (NASDAQ:MTCH), the parent company of popular dating app Tinder, says it is cutting funding for Web3-related research and development amid disappointing Q2 earnings and the departure of Tinder’s current CEO.

In a letter to shareholders on Tuesday, Match Group CEO Bernard Kim revealed that it will be scaling back its metaverse investments as well as scrapping plans to release an in-app digital currency called Tinder Coins.

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