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Tinder’s pricing algorithm can charge users up to 5x more for same service

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Re: Tinder’s pricing algorithm can charge users up to 5x more for same service

#121
post #114
post #107

Earlier quoted context omitted.

Because it’s likely not true or the full story.

Why would i lie? I'm pretty sure they also use my destinations to asses my income and factor that into how much i'm willing to pay for a ride

Is it possible that since multiple users requested a ride with the same source and destination that it triggered "surge" pricing?

Re: Tinder’s pricing algorithm can charge users up to 5x more for same service

#122

Of course, also Tinder's profit is directly dependant on you not finding a partner, so you continue to use their service.

Dating, matchmaking, or even just finding friends, is a perfect problem space that is just ripe for a free service to come and try to solve. Why isn’t there a free platform for dating? (not counting the subreddits and FB groups for that, because they’re retooling something else, not built from the ground up to solve problems specific to this space). It’s one of the biggest social issues imo, especially in cultures th…

fwiw facebook does have a free dating component.

though you don’t have to pay for tinder, and certainly not to have success.

Re: Tinder’s pricing algorithm can charge users up to 5x more for same service

#123

Not a Tinder user or investor, but this makes me curious. Why is it okay for insurance companies to sell me products with hyper-personalized pricing (often based on sex, age, and race), but it's not okay for Tinder or other tech companies to do so?

Insurance premiums are based on massive tables of probable risks. E.g., I'm a redhead living in the Southern Hemisphere who has been active in the outdoors all my life and who smoked for 30 years. So to get insurance that paid out in the event of terminal illness, I had to either pay a massive premium, or agree to exclude melanoma and lung cancer. Makes sense - redheads produce minimal melanin, and there is far more…

Considering their size, their pricing is probably also based on data. They probably know scaringly well how big the ”risk” of you finding love is, and can price services accordingly

Re: Tinder’s pricing algorithm can charge users up to 5x more for same service

#124

Earlier quoted context omitted.

I'm actually surprised that dating apps aren't doing more with monetization opportunities. There are plenty of whales out there who would be happy to deploy their disposable income for mating opportunities. Why not let someone spend $1000 a day to be the top displayed profile in a city for an entire day?

Those people aren't using Tinder. There are "dating" sites that specialize in connecting wealthy/successful people (mostly older men) with young, beautiful people (mostly women). They do charge quite a bit and make bank.

I’m wealthy enough to pay for these kinds of services, but never tried them, as I find sex with women who just want me for my money boring / a haggle between the amount of money a girl wants to extract from me vs the amount of sex I want to have with her. The more I experienced this, the more I realized that it’s better to do 2 hours of sports a day (1 hour running and 1 hour gym, while dieting).

The Jeff Bezos / Leonardo DiCaprio scene clearly shows that money can’t buy sexual attraction.

Re: Tinder’s pricing algorithm can charge users up to 5x more for same service

#125

Not a Tinder user or investor, but this makes me curious. Why is it okay for insurance companies to sell me products with hyper-personalized pricing (often based on sex, age, and race), but it's not okay for Tinder or other tech companies to do so?

Because it’s based on regulated actuarial science, not explicit bias. Marketing methods are often a little more fuzzy and less ethical than the actual underwriting. Insurers and marketers know about all sort of stuff that affects insurability, from eating habits, to gun ownership, to participation in high risk activity. I don’t necessarily understand what Tinder does precisely, but it’s pretty obvious that you can ex…

> And you may want to use tolls as a friction point to reduce the number of undesirable or less profitable men.

May as well just ban the sub-180 midgets who are wasting their time. Then charge a premium for having a choice pool of candidates for the other half.

Re: Tinder’s pricing algorithm can charge users up to 5x more for same service

#126
post #113

Tinder is so extremely effective that it's almost certainly underpriced at all of these levels purely because of perception. I only had gold once and bought a couple of boosts but for over two months I would fill my calendar with 2-4 dates a week at something close to Spotify sub ($20/mo iirc). There is no other way to meet women this efficiently. And it was a lot of fun, too. It took out all the slog out of dating.…

This is not how it works for the majority of people. Not saying it doesn’t reward winners handsomely, but not everyone is a winner

Re: Tinder’s pricing algorithm can charge users up to 5x more for same service

#127

I seem to remember articles from lots of sources, I believe Stratechery was one, about a decade ago advocating for this kind of pricing scheme of using analytics to figure out the price that people will pay and charging them that. A lot of the examples was based on income level which of course made me think, hey here I've struggled all my life to get into the middle class and now they want to change up how you pay fo…

The funny thing is if everyone decides you can pay more because you make more you could well end up with less money than if you had a worse job.

Re: Tinder’s pricing algorithm can charge users up to 5x more for same service

#128

Earlier quoted context omitted.

I wonder what other opinions we aren’t allowed to have today that could end up being true?

- Election fraud. True or not, big or small, it's not allowed. 2016, yes. 2020, no. - Hunter Biden laptop wasn't allowed on social media before the election under the guise of "hacking" and "misinformation". Maybe I wasn't supposed to answer this question...

Not sure about that one. Loads of evidence came out about Trump voters filling out ballots for dead relatives and republican-funded recounts coming out with results less favorable for them. You won't lose your job talking about the truth--nobody cares.

Re: Tinder’s pricing algorithm can charge users up to 5x more for same service

#129

I seem to remember articles from lots of sources, I believe Stratechery was one, about a decade ago advocating for this kind of pricing scheme of using analytics to figure out the price that people will pay and charging them that. A lot of the examples was based on income level which of course made me think, hey here I've struggled all my life to get into the middle class and now they want to change up how you pay fo…

The funny thing is if everyone decides you can pay more because you make more you could well end up with less money than if you had a worse job.

"Move to Silicon Valley", they said. "You'll make more money", they said.

Re: Tinder’s pricing algorithm can charge users up to 5x more for same service

#130
post #113

Tinder is so extremely effective that it's almost certainly underpriced at all of these levels purely because of perception. I only had gold once and bought a couple of boosts but for over two months I would fill my calendar with 2-4 dates a week at something close to Spotify sub ($20/mo iirc). There is no other way to meet women this efficiently. And it was a lot of fun, too. It took out all the slog out of dating.…

This is very misleading. The experience for overwhelming majority of men is quite the opposite. You have to be really good looking to be successful on Tinder; that's what it boils down to. For the >90% of blokes Tinder is a scam.
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