*By Alex Heath*
Tinder’s business is exploding.
The dating app is on track to generate $800 million in revenue this year, its parent company Match Group said this week.
That’s double what Tinder brought in for 2017, and with a profit margin greater than 40 percent, the app is set to make roughly $320 million in profit this year.
Tinder makes money through its two subscription plans, Tinder Plus and Tinder Gold. The pricing for both plans is variable, depending on where in the world subscribers live and their age. Earlier this year, a California appeals court ruled against Tinder in an age-discrimination lawsuit for charging users older than 30 double what it charges younger subscribers.
As Facebook is planning to release its own dating features, Tinder is quickly adding new features. The app aims to appeal to its core millennial audience with a feature for connecting college students that should be available in the coming weeks.
Eight people were hospitalized after severe turbulence on a Jetblue flight from Ecuador to Fort Lauderdale, Florida.
The writers strike could be a step closer to ending after leaders from the union are set to vote on a tentative deal.
President Joe Biden grabbed a bullhorn on the picket line Tuesday and urged striking auto workers to “stick with it” in an unparalleled show of support for organized labor by a modern president.
The confidence of American consumers slipped this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period.
JPMorgan Chase agreed Tuesday to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled the sex trafficking acts committed by financier Jeffrey Epstein.
New research looks into the pros and cons of remote work from the employer's perspective.
A major Pfizer plant in North Carolina is restarting production after tornado damage in the summer.
Costco is offering members health checkups for as low as $29.
The House of Representatives is set to vote to advance four separate funding bills as a shutdown looms.
Eight people were hospitalized after severe turbulence on a Jetblue flight from Ecuador to Fort Lauderdale, Florida.
