Bernard Kim, who joined the company as chief executive officer a few months ago, announced that Renate Nyborg is out as Tinder CEO. Melissa Hobley, CMO of Match's OkCupid unit, will move to Tinder CMO. Tinder's revenue growth and new product have been disappointing. The company is bailing out of the metaverse, at least for now, "given uncertainty about the ultimate contours of the metaverse, as well as the more challenging operating environment.
"We need to do more to excite our user base to drive top of funnel growth", says Match as OkCupid CMO moves to Tinder
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