Bumbleâs being picky with their next match.
[The Hustle]( Thur, Aug 24
Bumbleâs not biting
[Bumble]( the dating app that makes women message matches first, has reportedly turned down a [$450m acquisition offer]( by Match Group, which already owns Tinder, OkCupid, and Match.com.
Itâs a pretty ballsy rejection for the 2-year-old company, but Bumble clearly sees the potential for growth: they started monetizing their 18m users late last year, and have expanded into other match markets, including Bumble BFF for friend matching, and Bumble Biz for professional networking.
And thereâs speculation that another reason is bubbling below the surfaceâ¦
Bumble and Match have some baggage
Back in 2014, 24 years-old Whitney Wolfe left her position as co-founder and VP of marketing at Tinder and filed a [sexual harassment]( suit against the company, alleging that then-CMO and co-founder Justin Mateen subjected her to inappropriate comments following their breakup.
The suit has since been settled without admission of guilt from either party (despite some incredibly [incriminating and offensive]( text transcripts from Mateen) -- and Wolfe went on to found Bumble that same year.
So, from the outside, this could seem like a decision made out of spite (and self-respect)â¦
Until you look at who actually owns Bumbleâ¦
AKA, Badoo, the European dating company that partnered with Wolfe in 2014, a few months prior to her launching the company. And by âpartnered,â we mean they took a [79% stake](.
The companies maintain that Badoo and Bumble are separate entities, that Wolfe is âin every sense the founder and CEO of Bumble.â
Bumble also claims to the operate completely independently from Badoo at its HQ in Austin, TX -- but [Crunchbase]( lists their headquarters as being in London (home of Badoo HQ), so it appears thereâs some discrepancy on that point.
This isnât to diminish Wolfeâs role in growing Bumbleâs team and user base exponentially in a matter of years⦠but rather that she likely wasnât the sole -- or even the majority -- decision maker.
So in this case, weâre guessing itâs not personal, itâs just business.
Swipe left
An enemy of an enemy
Yesterday, Google [announced]( it will start offering Walmart products on its e-commerce platform, Google Express.
The companies positioned the move as an effort to see âwhere online shopping is going in the future,â but letâs call it what it really is: a partnership aimed at taking down a mutual enemy -- Amazon.
Two giant underdogs
As massive as both companies are, theyâre both behind in the respective fields theyâre competing in with Amazon.
Making up a hefty 43% of all online retail, Amazon far outpaces Walmart in e-commerce (though the latter is [growing quickly]( and is currently ranked #2).
Amazon is also crushing Google in the voice assistant space (Alexa controls a 71% market share, compared to Google Homeâs 24%) and easily overpowers the online sales of Google Express.
Home is where the future is
Ultimately, the goal is that Walmart and Google customers -- both wildly different demographics -- will slowly meld together, like those old popsicles you left in the sun and put back in the freezer that one time.
Ultimately, customers will be able to [holler at their Google Homes]( (or Google Assistant on their smartphones) to reorder Walmart products when theyâre running low.
Meanwhile, in Seattle, Amazon is chillinâ on a patio throne, sippingâ on a marg, and chuckling at the futile uprising.
[If you canât beat âemâ¦](
Danny Glover is Airbnbâs new lethal weapon
Yes, the same Danny Glover from the Lethal Weapon franchise, Angels in the Outfield, and Antz (You know, the knockoff Bugâs Life? OK, not his most notable roleâ¦).
Heâs [joining Airbnb as an advisor]( -- a role in which heâll be helping them better reach and serve communities of color. This includes ensuring the diversity of the platformâs hosts amidst findings that [74% of hosts]( profiting off guests in predominately black neighborhoods are white.
Apparently, heâs not too old for this sh*tâ¦
Which is impressive, considering that when Glover was born (1946), you could get over [4 months of rent]( for the [price of one night]( in an Airbnb.
Airbnb has recently teamed up with the NAACP as part of a [larger initiative]( to bring economic opportunities to people of color and take on discrimination in the home-sharing market -- and it appears that Glover will now be the figurehead for the movement.
And, in the process, heâll come to a begrudging respect for his loose-cannon partner, Sergeant Martin Riggs, as they work together to bust an illicit drug ring on the LAPD.
[Wait a minuteâ¦](
Just the tip
Waiting tables is not for the faint of heart.
Working as a server exposes you to the depths of humanity: hangry old men, kids hellbent on ripping open every sugar packet in sight, and -- worst of all -- non-tippers.
But it turns out there are some simple psychological tricks servers use (unwittingly or not) to increase their tips.
Some tips on getting tips
Over the last 30 years, researchers have run [dozens of experiments]( testing the impact that various factors have on dinersâ tipping habits. These randomized studies compare ânormalâ waiting service (no razzle dazzle) to a variety of âspecialâ actions.
Among the findings:
- Tips go up 3% when a waiter serves a customer a [wrapped chocolate](.
- Tips go up 2% when a waiter writes â[Thank You]( on a check.
- Tips go up 4% when a waiter includes a [weather forecast]( (i.e. âTomorrow is looking to be a sunny day!â) on the back of a check.
- Tips go up 8% when a waiter introduces himself to the table by his [first name](.
- Tips go up 5% when a waiter [touches a dinerâs hand]( (this only works with female servers, apparently).
In other words, personal touches pay off
People want to feel like theyâre getting a highly personal experience when buying something -- whether itâs food, a new car, or a [Guy Fieri bobblehead]( -- and theyâre willing to put a premium on it.
Studies have shown that consumers [pay more for personalized]( products and services. Personalized e-commerce sites are [on the rise]( and as high as 30% of consumers report desiring custom experiences or material goods.
[Cloudy with a chance of meatballs](
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This edition of The Hustle was brought to you by
Stirring up trouble.
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