Hinge CEO Justin McLeod: Dating App's 'Match' Will Help it Grow
*By: Madison Alworth*
Millennial matchmaking app Hinge found itself a partner, handing over a big part of itself to digital dating conglomerate Match Group.
And for Hinge CEO Justin McLeod, it was a solid pairing.
"I think they are an excellent scaling partner for us," said McLeod in an interview with Cheddar Tuesday. "We really want to take that growth that we've seen mostly in big cities in the U.S. and really start to take that to the rest of the country and also abroad"
Hinge, founded in 2012, is available across the U.S., UK, Canada, Australia, and India. The company says it grew its active member base by around 400 percent last year.
Last week Match said it would take a 51 percent stake in the app, with an option to buy the rest of it down the road. It's the latest in a series of strategic grabs for the company, which owns more than 40 dating brands, including Tinder, OkCupid, and PlentyOfFish.
But according to McLeod, little will visibly change for Hinge users. He said what sets the app apart from the competition is the extra care Hinge takes in setting up potential couples.
"We don't view a match as the end of our responsibility, we really want to get people out on excellent first dates," he said.
And Hinge seems to be doing something right. According to McLeod, three out of four first dates arranged through the platform lead to second dates. And some matches are leading all the way to marriage. Hinge is reportedly the most mentioned, mobile-first dating app in the New York Times' Wedding section.
McLeod credits that success to a philosophy of saying no to swiping.
"We started as a swiping app back in 2013, and then in 2016 we rebooted the app and created a much more relationship-focused service," said McLeod.
By switching to a "liking" platform where users can leave comments on pictures or statements they enjoyed, Hinge is seeing more thought-out interactions and connections.
"On our platform you have to be much more thoughtful and intentioned in your actions."
For the full segment, [click here.](https://cheddar.com/videos/hinge-has-a-match)
Spotify has announced its official Songs of the Summer predictions. Lea Palmieri, a Spotify trend expert and podcast host, joined Cheddar News to break down the acts who made the cut and how. “It's a mix of streaming data charts and also our global curation team," she said. "They're keeping an eye on all of the hottest music." While Harry Styles has recently topped the Spotify charts, Palmieri also addressed the "Feral Girl Summer" trend, which she described as going "moderately wild, having fun, enjoying yourself."
Catching you up on today's top entertainment stories with a recap from the 75th Annual Tony Awards, including red carpet interviews and Jennifer Hudson receiving her EGOT, and "Jurassic World: Dominion" topping the box office.
The Tony Awards made its sensational return to Radio City Music Hal for the first time since 2019. 'A Strange Loop' stole the show, winning Best Musical while Adrianna Debose hosted in the most spectacular way possible. Cheddar News was joined by Broadway Reporter Leigh Scheps to break down the 75th Annual Tony Awards.
U.S. stocks closed Thursday at their lowest levels of the trading day, as investors continue to eye inflation ahead of the May CPI report out Friday. Art Hogan, Chief Market Strategist for National Holdings, joins Cheddar News' Closing Bell to discuss.
U.S. stocks closed Friday at session lows after May CPI data showed inflation in the U.S. has not peaked and is still rising rapidly. For the week, the S&P fell 5.06%, the Dow lost 4.58%, and the Nasdaq dropped 5.60%, marking the worst week since January for all three major indexes. Mike Zigmont, Head of Trading and Research at Harvest Volatility Management, joins Cheddar News' Closing Bell to discuss.
Benefits brokerage, Nava Benefits, raised $40 million in a Series B round. Nava says it's on a mission to fix healthcare, one benefits plan at a time. The startup is working to bring benefits to small business that are normally available to only Fortune 500 companies. Brandon Weber, Co-Founder and CEO of Nava Benefits, joined Cheddar News' Closing Bell to discuss.
Auction house Christie's will be presenting "Legacy of the GOAT," which will include a rare Michael Jordan signed rookie card and sneakers. Caitlin Donovan, the vice president of Christie's handbags and accessories department. joined Cheddar News to discuss the special memorabilia selection for the NBA great. "He's been a global phenomenon, so he's really shaped '90s culture and streetwear culture," she said. "And we see bidders from every pocket in the world."
Kona Brewing Co., pro surfer Anna Gudauskus, and surf photographer Sarah Lee are embarking on an 1,500+ mile beach cleanup down the East Coast. Gudauskus and Lee join Cheddar News to discuss the initiative.
March For Our Lives will be returning this weekend to Washington, DC, in the wake of the recent mass shooting seen throughout the country. Marchers include Yolanda Renee King, the only granddaughter of Martin Luther King Jr. She joined Cheddar News to discuss the importance of the march and activism in general. "I just think that it's so important to have these rallies because we need to demand to our leaders and politicians that they pass legislation and that and we actually need to see action," she said.