Founded by a group of people, Tinder is a mobile app, where users can like or dislike with a swipe. This is also a hookup app where users can chat with each other. In 2014, the app recorded a total of one billion swipes in a day. It is the first swinging app where one is able to choose images of other users. The information of the user is through Facebook, and they can also link themselves to other accounts like Spotify or Instagram. Keep reading the article to know about the net worth of Tinder in 2020.
The official launch of Tinder was in September 2012. It was founded by many people including Justin Mateen and Sean Rad, who were only 14 years old at that time. It was seeded on many college campuses, and by 2013, it became one of the top social networking apps based on the number of users. The chief marketing officer of the company is Justin Mateen, and Sean Rad serves as the CEO of the company.
Tinder currently has over 50 million users across the globe. It is now going to launch a subscription service known as “Tinder Gold” at $5. Tinder has been swiped on billions of photos and has appeared on the top grossing chart of Apple.
With its release, Tinder recorded more than one billion swipes in a day in October 2014. A year later, it released the feature of “Super Like”. In 2016, it invested in another social network called ‘Vina’, where women were allowed to make a new friendship. That same year, Tinder Boost became global. Tinder has also opened its office in Silicon Valley and recruited technical employees. The app today according to the gender and is available in more than 40 languages. Tinder has been used by people of all ages particularly in the age group of 25-34. It has also launched a web version of the app where the users will be able to access it from their desktops.
Tinder received the Best New Startup of 2013 at the Crunchie Award. It has also won the 2015 Webby Award in the category of Breakout of the Year. In a very short span of time, it went on to have millions of users and became a most popular social networking app. Today, it has successfully made 1.5 million dates in a week. It has been used in more than 190 countries.
Net Worth & Earnings
Tinder makes 26 million matches in a day and is valued at $3.5 billion. The addictive swipe-based dating app has got 50 million members, and the market capitalization of the company is $4.8 billion. Even the founders of Tinder have a net worth of over $2 billion. In 2015, the company was known to have a market value of $1.35 billion. Tinder has also launched various ad campaigns and has acquired a mobile messenger ‘Chill’ in 2015.
Tinder has received mixed reviews from critics, and there have been various concerns with regards to the app. “The Tinder Effect” is very successful in making dates and relationships where females are known to have hypergamous behavior on the app.