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Jim Lanzone in Sun Valley, Idaho on July 11. Photo: Drew Angerer/Getty Images

Former CBS Interactive president Jim Lanzone has been named CEO of Tinder, the dating app's parent company Match Group announced Monday.

The big picture: Lanzone's appointment comes in the midst of the dating app industry's foray into original content. He oversaw all digital products at CBS Interactive, including its streaming network CBS All Access. Tinder began to experiment with scripted content last year. 

Between the lines: In its May Q1 report, Match Group reported an increase in user activity across all its dating apps since March, when the coronavirus began spreading rapidly across the U.S.

  • First-time subscribers declined from February to March before stabilizing in April, the company found.
  • Web-based first dates quickly became a new normal during the pandemic, with platforms seeing a dramatic increase in users turning to calls and video chats, Axios' Ursula Perano reports.

What's next: Lanzone will begin in the new role on Aug. 4, after Elie Seidman steps down, according to Match Group.

Go deeper

Oct 21, 2020 - Economy & Business

Report: Quibi shutting amid pandemic struggles

Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images

Quibi, the mobile-only video subscription streaming service, is shutting down, The Wall Street Journal reports. The company raised a whopping $1.75 billion to get the app off the ground from Alibaba, as well as Hollywood behemoths like Walt Disney Company, NBCUniversal and AT&T's WarnerMedia.

Why it matters: The company has struggled to hit its subscriber growth targets amid the global pandemic. Sources tell Axios Quibi was running out of cash.

Anti-abortion activists' Supreme Court dreams are coming true

Photo illustration: Annelise Capossela. Photos: Kevin Dietsch/Getty Images

This is the moment the conservative legal movement has been building toward for decades: The solidly conservative Supreme Court is about to hear two major abortion cases within a month of each other.

Why it matters: All of this is likely to end with significant new restrictions on abortion and a clear path for Republican-led states to win the next big abortion cases, too — the culmination of a long and bitter fight for control of the judiciary.

Felix Salmon, author of Capital
4 hours ago - Economy & Business

Trump's volatile return to the stock market

Expand chart
Data: YCharts; Chart: Axios Visuals 

Donald Trump this week became both a meme stock and a social-media entrepreneur at the same time, by announcing that a new company called Trump Media & Technology Group was going to merge with an existing company listed on the stock market.

Why it matters: The medium-term promise of Trump's media company is that it will replace Twitter for anybody wanting to keep track of Trump's messages. The short-term promise is that it can be a hot new speculative vehicle for people wanting to get rich quick in the stock market.

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