Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Tinder breaks up with CEO, co-founder Sean Rad returns as replacement

The dating app’s CEO is ousted after only five months.

Executives of Tinder
The popular dating app Tinder’s CEO Chris Payne is stepping down. Co-founder and president Sean Rad taking over again, according to a report from Re/code.

Payne came in March from Positronic, after it was after it acquired by ebay.

Rad announced his was stepping down back in November to become president after last year was chaotic for the dating company. Co-founder Whitney Wolfe sued the company, in a very public fight, for sexual harassment by co-founder Justin Mateen. He left the company and the lawsuit was settled.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

Payne was brought on to help Tinder make money as it entered a more established phase. The company rolled out its first paid product, “Tinder Plus, ” which lets users pay a monthly fee to undo decisions to pass on a potential romantic match and to see potential matches in other places in the world ().

Benchmark partner and Tinder board member Matt Cohler told Re/Code that it quickly became clear that Payne was not as good a fit as anticipated and that the company decided to make a change. It’s unclear whether Rad will permanently stay on as CEO of if this is temporary.

Tinder uses location to serve up matches nearby.

Greg Blatt, an executive at Tinder’s parent company IAC, is becoming executive chairman.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...