Sorry kids, you're no longer permitted to use Tinder's dating app.
Since its creation in 2012, Tinder allowed users as young as 13 to use its app and be matched in the 13 to 17 age range. On Thursday, the company confirmed that the app will now be restricted to users under the age of 18.
Tinder is owned by Match Group Inc MTCH, a holding company that operates in the dating segment. Other brands under its umbrella include Match, OkCupid, PlentyOfFish. The company also operates in the non-dating space and provides education services, including test preparations and academic tutoring.
"On a platform that has facilitated over 11 billion connections, we have the responsibility of constantly assessing our different user experiences," Rosette Pambakian, a Tinder spokesperson told CNNMoney. "Consistent with this responsibility, we have decided to discontinue service for under 18 users."
Tinder's app is available in around 196 countries and its latest decision will only impact less than 3 percent of its entire user base, according to CNBC.
Shares of Match Group have gained more than 7 percent since the start of 2016 and began trading as a public company for the first time $12 last November.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.