Technology: Tinder CEO says he's not worried about competition from Facebook - PressFrom - Canada
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TechnologyTinder CEO says he's not worried about competition from Facebook

10:55  12 july  2019
10:55  12 july  2019 Source:   cnbc.com

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Tinder CEO Elie Seidman comments on why he ' s not worried about competition from Facebook 's new dating feature, noting that he thinks the social networking site will serve a different audience than Tinder .

Tinder CEO says he ' s not worried about competition from Facebook . Google CEO Sundar Pichai testifies during a House Judiciary Committee hearing on Capitol Hill in Washington, DC, December 11, 2018.

  • Tinder says it has more than 2 billion views per day in more than 190 countries, and it also claims to be behind a million dates every week.
  • To expand on its market share, Tinder, which is already available in more than 190 countries, announced plans for a Lite version of its app in emerging markets on Wednesday.
  • For its part, Facebook, which says it has 2.38 billion monthly active users, rolled out a dating product in multiple countries beginning last year.
Tinder CEO says he's not worried about competition from Facebook© Provided by CNBC LLC Tinder logo seen displayed on a smartphone.

Dating app Tinder's position as an influential brand among young adults can help it withstand competition from Facebook, the firm's CEO said Thursday.

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Tinder CEO on Facebook ’s dating service: 'They have an interesting set of baggage'. However, despite that, Seidman says he ’ s not particularly concerned, in part because of Facebook ’s broader audience and features but also because Facebook CEO Mark Zuckerberg made it clear during his

Tinder CEO Elie Seidman comments on why he ' s not worried about competition from Facebook 's new dating feature, noting that he thinks the social networking site will serve a different audience than Tinder .

About a decade ago, when various social networks competed for users, there was a view that one digital community would emerge victorious, and Facebook was considered the favorite, Tinder chief Elie Seidman told CNBC's "Street Signs."

"And we've seen over the past, call it seven-eight years, that it's really not the case," he said. "I'm a big believer that you want to really focus at what you're good at. Looking at the competition, it's going to drive you into their thinking, and you really want to have distinct thoughts."

Seidman added that Tinder has done "extremely well" with its young audience, which is the company's area of strength.

"I like our position. We're going to stay very focused on what we're good at," he said.

On its website, Tinder says it has more than 2 billion views per day in more than 190 countries, and it also claims to be behind a million dates every week.

Facebook takes down anti-vaxxer page that used falsified image of girl who died

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Chief Executive Officer Mandy Ginsberg said , "People don’t want to mix Facebook and their dating lives." Mumbai, May 9: Facebook ' s recent announcement to launch a new dating app comes as a significant threat an competition to Tinder - the famous dating app.

The Tinder CEO also noted one other key difference between Facebook and his company: Tinder Seidman would certainly know about the competition . Before joining Tinder last November as He took the Tinder role, in part, because of its popularity among the broader 18-34-year-old demographic.

For its part, Facebook, which has 2.38 billion monthly active users, rolled out a dating product in multiple countries beginning last year.

To expand on its market share, Tinder, which is already available in more than 190 countries, announced plans for a "lite" version of its app in emerging markets on Wednesday.

The concept of "lite" apps is used by tech companies to reach users who either do not have an advanced, top-of-the-line smartphone or who reside in areas where internet connectivity is slow — mostly in emerging markets. For example, Facebook has an app called Facebook Lite, which requires less storage space on phones and can work with slow mobile internet speeds. Most features from the social networking site are available on that version of the app.

Tinder Lite is set to be available as a separate app and will not require users to sign up for a new account.

Like on many social networking platforms, users may face bullying or harassment on Tinder. When asked about how the company deals with such situations, Seidman said it's doing everything it can to make the app a safe environment. That includes using algorithms as well as relying on human moderators to weed out unacceptable user behaviors.

"We've done everything we possibly can to make you safe," he said. "We always, of course, caution people and say, look, it's not an alternate universe ... it is the real world and the same caution and thoughtfulness you use in the real world, you should use on any digital community."

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