Bumble to lay off 30% staff: Have dating apps lost their charm?

Dating app Bumble will axe nearly a third of its staff amid declining market value. This comes after its rival Match, which owns Match and Tinder, said it was reducing 13 per cent of its workforce. The online dating industry has failed to convince users to pay for its services. Users are also getting turned off by these platforms. But why?

Explainers