Stock market data shows that the golden age of dating apps may be over. Match Group, the owner of Tinder and Hinge, reached its peak popularity in October 2021. Since then, its value has dropped by 78 percent, from $75 billion to $15 billion. Meanwhile, Bumble, which went public just a year ago, has already lost half of its value.
Experts in social behavior are beginning to wonder if young people have had enough of spending time in front of screens. Many of them feel the need to limit their use of dating apps, which are often associated with phone addiction.
That’s why Timothy Maclatchy, a 42-year-old single from Melbourne, decided to quit online dating. A few years ago, he joined social groups like the Footscray Flickers, a crokinole playing club, and the Rubbish Runners, a street cleaning group.
“I used to waste an hour a day swiping through profiles, it was a waste of time. Now, I focus on other, more important things,” Maclatchy said. “Instead of looking for women, I now focus on picking up trash.”
Darcy Todd, the owner of a speed dating company, agrees that real-life dating is currently very popular. “After the lockdown, everyone wanted to go out and meet new people. My event filled up immediately,” Todd said.
Although dating apps still have their place in the dating market, it seems that more and more people desire genuine and authentic connections that virtual acquaintances cannot replace. Saving time spent on phone screens is becoming increasingly important, and in-person meetings are gaining significance.
FAQ:
Question: What are the key stock market data regarding dating apps?
Answer: Stock market data shows that Match Group (owner of Tinder and Hinge) has seen a 78 percent decrease in value, dropping from $75 billion to $15 billion. Bumble has already lost half of its value since going public a year ago.
Question: Are young people tired of spending time in front of screens?
Answer: Yes, many young people feel the need to limit their use of dating apps, which are often associated with phone addiction.
Question: Who decided to quit online dating?
Answer: Timothy Maclatchy, a 42-year-old single from Melbourne, decided to quit online dating and focus on other, more important things like picking up trash.
Question: Is real-life dating currently popular?
Answer: Yes, real-life dating is currently very popular, especially after the lockdown. Many people want to meet and get to know new people in person.
Question: Do dating apps still have their place in the market?
Answer: Yes, although more and more people desire genuine and authentic connections, dating apps still have their place in the dating market. However, saving time spent on phone screens and in-person meetings are gaining significance.
Definitions of Key Terms or Jargon:
1. Stock market – a place where public buying and selling transactions of stocks and other financial instruments take place.
2. Tinder – a popular dating app that allows users to search for potential partners based on their profile and photos.
3. Hinge – a dating app similar to Tinder that focuses on finding long-term relationships.
4. Bumble – a dating app that gives women the power to initiate conversations.
5. Phone screen – the surface on which information and applications are displayed on a smartphone.
6. Phone addiction – a state in which a person dependent on phone usage exhibits signs of uncontrolled, excessive use of the device.
Links:
– match.com
– bumble.com
– tinder.com
The source of the article is from the blog crasel.tk