Bumble is the champion when it comes to the dating app world, and everyone always goes for the champion. This is what Whitney Wolfe believes is happening when it comes to her dating app. The parent company of Tinder which is called the Match group has filed a lawsuit against Bumble. There has been a lawsuit filed where this company is claiming that the technology dating interface that is used for Bumble is an exact replica of what Tinder is doing.
Whitney Wolfe believes that this idea is absurd and that this parent company for Tinder is a bully that is trying to cut in on profits that she has made.
Bumble has been around for some time now, and there has been no lawsuit in place. Now that Whitney Wolfe is rising to the top as a billion dollar app it appears that everyone wants a piece of the action. Match has already tried to buy Bumble for more than $400 million. It appears that now that Whitney Wolfe has turned down this offer there is a whole lot more tension between Whitney Wolfe and the founders of Tinder.
Whitney Wolfe has been silent about the lawsuit where she sued one of the owners of the Tinder app because she was once someone that helped create this app. This is why she believes that it is totally ludicrous for anyone to put a lawsuit in place against her. She feels that she has the right to get into a similar swipe left or right format for her app because she was the one that co-created Tinder.
Whitney Wolfe does not plan to let any lawsuit stop her from expanding the business that she created. She has already been able to build a stronger network with Bumble BFF and Bumble Bizz. She has taken to building the type of app environment that allows people to engage in even more than just dating.
Whitney Wolfe feels like this type of expansion automatically clears Bumble from being just another dating app. She feels that Tinder has no real grounds to stand when it comes to the comparison between Tinder and Bumble because Bumble is more than a dating app. CEO of Bumble, Whitney Wolfe is not going to be intimidated by this because she knows that she is creating something that is unlike anything else that has existed when it comes to social media apps.
Brazilians know the name Luiz Carlos Trabuco. Trabuco is the face of the second largest bank in the country. Trabuco was the Chief Executive Officer and president of Banco Bradesco for the last seven years. During that time, Trabuco gave the bank more than anyone expected in terms of new assets as well as new banking services.
Mr. Trabuco knew his bank would have to stay ahead of other Brazilian banks by offering new online and mobile banking services. Mr. Trabuco gets high marks for developing digital banking services before other banks in Brazil. According to critics, Bradesco has to do more in the digital world in order to stay competitive with tech startups. But Trabuco seems to take that criticism with a grain of salt.
Luiz Carlos Trabuco has a knack for staying ahead of the banking curve in Brazil. He proved that when Bradesco took over HSBC’s Brazil operation in 2015. The acquisition of that operation gave Bradesco more than 5,300 local bank branches and more than 12, 500 ATM locations. But many of those local bank branches competed with each other, and that was the kiss of death for many of those branches. Trabuco and his executive team started closing branches in 2017. And according to new CEO Octavio de Lazari, the bank will continue to close branches in 2018. Octavio de Lazari is replacing Trabuco as CEO, and Mr. Trabuco is replacing Bradesco long-time Chairman Lázaro de Mello Brandão. Lázaro de Mello Brandão is finally retiring after 75 years of service.
Mr. Lazari is another long-time Bradesco employee. He started his banking career in 1978. Lazari and Trabuco are former bank trainees. Both men followed similar paths to the top of the banking food chain. The bank’s future profit picture depends on their ability to work together as well as their ability to keep the executive team on top of the changes that are going on in the largest country in Latin America according to valor.com.br. Shareholders have faith in Trabuco thanks to his performance record in banking as well as his environmental initiatives. Lazari banking track record is as impressive as Trabuco’s, according to some of the Bradesco employees who worked with him at Seguros, the bank’s insurance division.
Bradesco is facing challenges in 2018, according to some media reports. Critics of the bank say the bank must close more bank branches in order to make income projections in 2018. Lazari said the bank will close another 500 locations in 2018 as well as give more customers the opportunity to borrow money. Interest rates are down, but there is a presidential election in 2018, and that could change the political dynamics going forward. But according to Trabuco, the bank is insulated from government changes because most of the bank’s profit comes from investments, insurance policies, and other bank services. Most Bradesco employees think Lazari will be as effective as Trabuco was in the CEO position. And they say Trabuco will be a great asset to the bank’s Board of Directors as Chairman.