Trump said he had to protect American farmers, whom the Chinese were threatening with billions in tariffs.
But for some White House officials, the moment was jarring: Trump had melted down Capitol Hill and roiled the markets with zero substantive internal debate.
Tinder parent company has sued rival dating app Bumble, alleging patent infringement and misappropriation of trade secrets.
Bottom line: Match had previously offered to buy Bumble for 0 million, and may be using this suit to restart those stalled negotiations.
When the president threatened China with 0 billion in new tariffs, there had hardly been any White House discussion.
What I’m hearing: There wasn’t one single deliberative meeting in which senior officials sat down to debate the pros and cons of this historic threat.
Those patents play a central role in the complaint, as do claims that two Bumble executives who previously worked at Tinder — Chris Gulczynski and Sarah Mick— misappropriated trade secrets involving unlaunched Tinder features that allegedly made their way into the Bumble app.Blatt, who came to IAC from Martha Stewart Living Omnimedia, tells us what he accomplished in nearly two years on the job, why there are reams of untapped opportunity in the online dating space, how the technology involved is surprisingly cutting edge, and why the first question a leader asks should always be “why.”How did you manage to grow the Match business, particularly in a climate as miserable as this one? And you need to have a great site that matches those people appropriately. We spend money on marketing to make sure people are coming in, and we spend an incredible amount on product development. We’re able to bring our experience and knowledge to product, to marketing, and everything else and actually improve the companies, which gives us a competitive advantage over anybody else who would seek to acquire them.Second, you need to make sure those companies have a market. So we can look at a People Media, which accounted for 26 of those additional brands, and see that they were in areas that we knew made a lot of sense.You can ask them how many people in their own lives they know who are single who complain that they’re not meeting the right people, and yet they’re not using online dating.That creates a huge market opportunity, which we are pursuing.Why it matters: Last week Zuckerberg and Facebook COO Sheryl Sandberg worked the media, doing roughly a dozen interviews collectively.