An investor’s perspective on Match and Bumble shares

Aug 25, 2023
< 1 minute read

AI (artificial intelligence) - shutterstock_1633125442

Short summary:

– The disruptive wave of AI is sweeping across all industries, including dating.
– Tinder, OkCupid, Plenty of Fish, Hinge and are the dominant brands in the dating industry.
– Match Group must take AI development seriously or risk losing dominance.
– Bumble is a lesser-known player in the dating market with a market capitalization of $2.24 billion.
– Bumble’s stock has fallen more than 80% since its debut on the Nasdaq.
– Bumble recently launched an AI tool to censor inappropriate profile pictures.
– The introduction of AI in the dating industry is a real risk for Match Group and Bumble.

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