Online dating apps struggle as people swear off swiping
Bumble's shares dropped 30% due to disappointing earnings, reflecting broader dissatisfaction in the online dating industry, where users prefer in-person interactions and safety concerns are prevalent despite its utility.
Read original articleThe online dating industry is facing significant challenges, highlighted by a 30% drop in Bumble's shares following a disappointing earnings report. Nearly half of online daters report negative experiences, with many citing safety concerns and unwanted contact. The backlash against Bumble's recent advertising campaign, which was criticized for undermining women's autonomy, reflects broader dissatisfaction with dating apps. Users are increasingly seeking organic ways to meet people, such as through clubs and social gatherings, as the impersonal nature of swiping has led to burnout. The pandemic has normalized online dating, particularly for Gen Z, who may lack experience with in-person interactions. Industry experts suggest that the dating app market, valued at $3.4 billion, is fragmented and struggling to retain users. The shift from traditional, integrity-focused dating services to free, mobile apps has created a culture of addictive behavior and choice overload. Despite these issues, the utility of online dating remains, as it allows users to address important relationship questions upfront. The future of online dating may depend on returning to its roots and fostering genuine connections.
- Bumble's shares fell 30% after a poor earnings report.
- Nearly half of online daters report negative experiences, with safety concerns prevalent.
- Users are increasingly favoring in-person interactions over online dating.
- The online dating market is fragmented and struggling to retain users.
- Despite challenges, online dating still serves a purpose in addressing key relationship questions.
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Luckily, every man I met was a legitimately interesting and cool person. I only got _slightly_ uncomfortable vibes from one of them, and he (like all the others) handled it very maturely when I later told him I just wasn't feeling a connection. None except one ended up being a romantic match, but I had a really nice time talking with all of them.
Maybe part of it is just that I'm pretty particular with who I bother talking to and meeting. I don't have much energy or time for meeting new people, so don't schedule many dates. On the other hand, this also means my positive experience is not very trustworthy, as it is likely I just haven't met enough people to give myself a proper chance at a negative experience.
Nevertheless, I do not find dating apps fun or pleasant in any way - they're more like a means to an end that I'd rather step away from as soon as I meet someone I actually like. This tends to be a bad strategy, as from what I understand the other party often doesn't approach focus or exclusivity on the same timeline. So there's a risk of a mismatch in investment (time and emotional), which can become a problem.
In 2008, in her final year of law school at Duquesne University in Pittsburgh, she met a guy on JDate whom she subsequently married in 2012; they just celebrated their 12th wedding anniversary.
Here's the thing: he lived three blocks from her; at the time he was an associate at law firm Jones Day, working 90 hours/week; no way would the two of them ever have met absent the internet.
Regarding ecomonics: IMHO there is a general social breakdown related to the general economic breakdown for the non-rich in the U.S.
It's easy to have fun with social and sexual life when it's easy to take care of your basic needs like food, medical care, housing, etc. The 1970's was a lot of fun I guess at least in certain places of the country. Having fun in general has gotten much more difficult for non-rich people over the past 30 years, and it makes intimate/fun social relations also much more difficult. Example: Being a single person living with one's parents because they cannot afford a house or apartment places one at a significant disadvantage, more so if male than female, but females living with their parents and trying to have a dating life may have a hard time.
Totally not something I want as part of my life.
Social media gets a lot of deserved blame for worsening our ability to connect meaningfully across interests and differences in beliefs.
But I have to imagine dating apps have been nearly as bad in terms of their impact on emotional development alongside another person.
They commoditized relationships, whether intentionally or not. They squarely fit the bill of “too much of a good thing”. Relationships are hard, and dating apps removed the incentive (i.e. avoiding the effort of having to find someone new) to work through the hard shit.
I’m sure there’s been a net positive effect for some demos or cohorts. My bet though is a significant number of people are facing an increasingly harder time finding meaningful, long-lasting relationships, either because they or their partner have too high of expectations for how “easy” they should be, and they know they only need a few swipes in an app to reset and try again.
I’m currently on a self-improvement journey where I’m literally now injecting “research chemicals” shipped in from China just because it’s the only way I’m gonna get good looking enough to compete in this ridiculous market. As much as I’ve improved myself over the years I’ve been alive, the standards have gone even higher. That said, I’m not sure if the improved version I’ve made of myself would’ve done well ten years ago either. Maybe I was always doomed to die alone.
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