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Tinder’s paying users just keep running for the exits

Shares of the Tinder and Hinge owner were down 18%, as dating-app-makers navigate a postpandemic market.

Yiwen Lu

Match Group is still struggling to attract more users. The company reported a 3% decline in total paying users — which constitutes the majority of its revenue — in the latest quarter, marking its eighth consecutive quarter of negative payer growth.

The company also projected flat year-over-year growth in sales for the fourth quarter, between $865 and $875 million, while analysts expected $903.5 million, per FactSet. Shares of Match Group fell 18.1% as of midday Thursday, making it the biggest decliner among S&P 500 stocks.

At least Hinge, the company’s fastest-growing brand, was a bright spot: the majority of the user loss came from Match Group’s largest and oldest app, Tinder. Paying users declined 4%, dragging direct revenue down by 1% from a year ago. Meanwhile, Hinge saw 21% more payers, leading to 36% direct revenue growth. 

Meanwhile, rival Bumble was modestly higher. It had risen about 9% in after-hours trading on Wednesday after it reported earnings, but the stock’s gains moderated in regular trading today.

While smaller, Bumble seems to have fairly consistent paying-user growth. However, average revenue that each user brought in declined, and overall revenue was slightly down.

Since their 2021 peak, shares of Bumble are down nearly 90% and Match Group has slid more than 80%.

This leaves us with Grindr, which will report after the bell on Thursday. The company, conversely, has seen consistent improvement in its stock and paying users, yet it is going through somewhat of an identity crisis.

Together, Bumble, Match Group and Grindr make up about 85% of the online-dating market, Bank of America analysts estimate.

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Starbucks issues apology after viral “Bearista” cup meltdown

Holiday cheer turned into chaos this week for Starbucks after the coffee giant’s new “Bearista” holiday cup sent fans into a frenzy. 

Dropped alongside its 2025 holiday menu, the $30 beanie-wearing glass bear tumbler sparked long lines, sellouts, and even in-store scuffles before Starbucks stepped in with an apology.

“The excitement for our merchandise exceeded even our biggest expectations,” the company said in a statement to People. “Despite shipping more Bearista cups to our coffeehouses than almost any other item this holiday season, the Bearista cup and some other items sold out fast.”

Within hours of launch, frustrated fans flooded Starbucks’ social media pages and even store hotlines. Some customers waited in line before dawn and others said their stores received only a handful of cups. In one Houston location, the craze even turned physical, with police reportedly called to break up a brawl. Meanwhile, the cup is already reselling on sites like eBay, with listings topping $600.

“We understand many customers were excited about the Bearista cup and apologize for the disappointment this may have caused,” Starbucks said. While in-store customers may be upset, investors seem happy about the viral hit, as the stock has risen over 3% on Friday.

If you’re still hoping for a Bearista at market price, that may not be on order: the chain didn’t disclose how many cups were made or whether a restock is planned.

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Target tells workers to smile, wave, and greet shoppers if they come within 10 feet of them

Target just rolled out a new rule for store employees: smile, make eye contact, and greet or wave when a shopper comes within 10 feet — and if they get closer, within four feet, ask whether they need help or how their day is going, according to a new Bloomberg report.

Dubbed the 10-4 program internally, the rule mirrors rival Walmarts own 10-foot policy, formalizing behavior Target had previously only encouraged.

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Monster surges on energy drink buzz, while Celsius sinks on distribution concerns

Shares of Monster Beverage climbed 5% after the bell on Thursday, and held most of those gains into early trading on Friday, following strong Q3 results.

The energy drink giant topped market expectations, with quarterly sales up 17% year over year to $2.2 billion and adjusted net profits growing 41% to $524.5 million — 11% ahead of Wall Street’s estimates. In the report, Monster highlighted its zero-sugar line and new product launches, with a stack of novel flavors already released this year, as bright spots.

During a call with analysts, Chief Executive Hilton Schlosberg said that the global energy drink category “remains healthy with robust growth,” The Wall Street Journal reported, adding that demand for more affordable caffeinated drinks is rising as coffee has become “really expensive.”

Meanwhile, rival beverage business Celsius saw shares fall as much as 23% on its Q3 results yesterday — despite beating expectations, with revenue jumping 173% — largely due to concerns about a change in the company’s distribution channel, as its newly acquired Alani Nu brand joins the PepsiCo distribution network.

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