To better compet­e with Match’s Tinder­The owner of the dating app Bumble said on Friday it would revamp its holding structure and spend $100 million, as it looks to better compete with Match’s Tinder. The company has created Magic Lab, a holding company for its brands that include dating apps Badoo, Chappy and Lumen, said Andrey Andreev, founder and chief executive officer of the group. Match Group adds more Tinder subscribers, shares surgeThe announcement comes more than one month after Facebook rolled out its dating feature to 14 more countries as it attempts to boost user-engagement on its platform. Shares of Match edged 0.8 per cent lower in afternoon trading. Read full story

Source: The Express Tribune June 14, 2019 19:41 UTC