Tinder CEO Renate Nyborg is leaving the company less than a year after becoming the head of the dating app.
Nyborg’s exit is among other top management changes at Tinder, according to parent company Match Group.
“Today we’re announcing the departure of Tinder CEO Renate Nyborg, and I have made some changes to the management team and structure that I am confident will help deliver Tinder’s full potential,” Match Group chief executive Bernard Kim said in a letter to shareholders.
Kim will take an interim role as the company looks for a permanent CEO.
“I have loved every moment of the last two years,” Nyborg said in a LinkedIn post.
According to media reports Tinder’s plans to adopt virtual currencies and metaverse-based dating are being discussed as the company plans major changes.
The announcements came as Dallas based Match reported second-quarter results that missed Wall Street expectations. Match said it expects sales in the three months to the end of September to be between $790 and $ 800 million.
Match Group shares fell by more than 20% in after-hours trade in New York on Tuesday.