The creator breaks down the news that Bumble has eliminated its 'women message first' rule. She explains the history of the rule, presents survey data suggesting women prefer men to make the first move, and connects this strategic shift to the company's poor financial performance, including declining users, revenue, and stock price. The creator then broadens the analysis to the entire dating app industry, citing Tinder's similar struggles and contrasting them with Hinge's success, before making a prediction that the future of dating apps lies in getting users offline.
Transcript
Bumble just killed the one rule it was built on. For over a decade, women had to message worst. That was literally the basis of the whole app. But as of today, men can officially message first too. So Bumble surveyed its own users, and 66% of women said that they'd actually prefer that the guy make the first move. So the feature that made Bumble Bumble is now good. And you likely know that Whitney Worse Herd is the founder that built this company. She took it public, but then she stepped back, and then she came back as CEO last year to save it. And that's because the recent numbers have been very ugly. Paying users are down 21%, revenue just fell 15%, the stock hit an all time low, and Bumble hired Morgan Stanley to help them find a buyer. But this isn't just a Bumble problem. Over at Match, Tinder is bleeding paying users too, and they just cut 13% of their workforce. Everyone I know who's single is exhausted by the apps, and the financials finally agree with everyone. So I want to make a prediction tier. For a decade, the whole model rewarded keeping you swiping. More time on the app meant more money, which means that the product was quietly designed to keep you single. If we look at Hinge we can see this play out. Hinge's whole model is the app designed to be deleted, and it's also the one that's winning. Revenue is up 22%, users are up 13%, and so this is where the prediction comes in. Whoever makes money by getting people offline really owns the next decade of dating. And if you don't know me I'm Sami, I talk about the hottest business worse no follow along for