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Match Group Invests $100M In Sniffies App
Wired·
Match Group, the parent company behind popular dating apps like Tinder and Hinge, has made a significant $100 million investment in Sniffies, a queer cruising application. This substantial financial backing has sparked concern among Sniffies' existing user base. Many users are apprehensive about the potential impact of this acquisition on the app's core identity and community focus. They fear that the integration with a larger, more mainstream company could lead to a 'straightification' of the platform, altering its unique appeal and purpose within the LGBTQ+ community.
Tags
fintech
acquisition
Original Source
Wired — wired.com