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Tesla warns Trump tariffs could leave the company ‘exposed’ to international retaliation

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Gen Z Americans don’t have enough saved to cover a single month of spending

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FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.



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Harvard Law students want $53 billion fund to sever Israel ties

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Harvard Law School students voted to demand the university’s $53 billion endowment divest from “weapons, surveillance technology” and other companies tied to Israel, a symbolic vote that brings renewed attention to a protest movement that has drawn the Trump administration’s ire.

Harvard’s administration said last year it won’t divest and the student vote carries no enforcement, but the move puts anti-Israel protests back in the spotlight at a time when President Alan Garber is trying to reassure Republicans they’re taking seriously criticisms of the school, which includes its handling of antisemitism.

The move comes days after the administration pulled $400 million from Columbia University and immigration officials arrested an organizer of anti-Israel protests. Harvard said last week it would temporarily freeze faculty and staff hiring amid concerns over federal funding. 

“The Trump administration’s threats are meant to scare us into submission, but this referendum shows that those efforts only strengthen our solidarity with Palestine,” Irene Ameena, an organizer with Law Students for a Free Palestine, said in a statement. The note said that 73% of the 842 students that voted chose divestment. The law school has almost 2,000 students.

Pro-Palestinian students have long called for universities to cut ties with Israel, moves that have almost entirely been ignored by administrators, even after protests on campus intensified in the wake of Hamas’s October 2023 attack on the Jewish state and Israel’s retaliation. 

Schools and lawmakers have rejected the Boycott, Divestment, Sanctions, or BDS, movement against Israel, viewing it as antisemitic because it calls into question the legitimacy of the Jewish state and singles out the policies of one country.

Harvard Law School said in a statement that it strongly supports students’ free speech rights. It added that the administration had no role in the referendum conducted by student government. 

“As explained in a message to students, the administration expressed deep disappointment with student government’s leadership’s decision to proceed with a needlessly divisive referendum which runs contrary to student government’s stated objectives of “fostering community” and “enhancing inclusion,” Harvard Law said. 

This story was originally featured on Fortune.com



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Match Group CEO admits dating apps feel too much like ‘a numbers game’ so he’s asking employees for ‘unvarnished feedback’ on how to improve Hinge and Tinder

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  • Match Group CEO Spencer Rascoff posted an open letter on LinkedIn admitting his company’s dating apps are falling short and don’t feel like places “to build real connections.” He’s now calling on Match employees to offer feedback on how to best improve their apps like Hinge and Tinder.

Finding love on dating apps has felt so bleak one user told Fortune that Tinder, Hinge, and Bumble feel like a “wasteland.” 

“I think the user pool on a lot of these apps has declined,” Max Gomez, a Gen Z communications professional, previously told Fortune. “Gen Z is just simply not using these [apps] as much anymore.”

Match Group’s new CEO admitted as much in a letter posted Thursday on LinkedIn, saying the company’s dating apps like Hinge and Tinder haven’t been up to snuff. 

“Too often, our apps have felt like a numbers game rather than a place to build real connections, leaving people with the false impression that we prioritize metrics over experience,” wrote Spencer Rascoff, Zillow’s former CEO who took the top job at Match Group in February. “That needs to change.”

In his letter, Rascoff called on employees to confidentially share their “unvarnished feedback” on products to help improve the apps. 

“We know that listening to users isn’t enough—we need to move with urgency and increased accountability,” Rascoff wrote, adding Match Group would be “increasing expectations around in-office collaboration” to make changes happen faster. Rascoff has been revered for the company culture he created during his time at Zillow.

Match Group declined to provide further comment on Rascoff’s letter.

Analysts have been warning about the downfalls of dating app companies like Match Group and Bumble for a while. Although Bank of America analysts said in a Feb. 5 note Rascoff’s appointment could be a positive for the company, “the online dating industry faces continued headwinds to user growth.” 

Global users for dating apps like Tinder, Bumble, and Hinge declined 6% year-over-year in the fourth quarter of 2024, according to Bank of America research. During the past five years, Match Group stock has tanked nearly 70%, plus the “overall sentiment on dating apps largely remains negative,” according to a Jan. 28 analyst note from Citi. However, Match Group total revenue grew 3% year-over-year to $3.5 billion, according to the company’s earnings report on Feb. 4. 

Some younger people have also ditched dating apps entirely, yearning for real-life meet-ups instead. 

“I don’t want to just be chatting people online,” Louise Mason, a millennial marketing specialist from Doncaster, U.K., previously told Fortune. “I don’t want a penpal.”

Rascoff feels users’ pain.

“I’ve heard incredible stories of love,” he wrote. “But I’ve also heard frustration—from users searching for real, meaningful matches and expecting more from the experience.”

Better product offerings could help Match Group climb out of its slump. Citi analysts noted they’re watching for new products and updates that could improve Match Group’s performance and outlook.

“Improved product development is critical in our view to improve underlying user trends long-term,” Citi analysts said. 

Rascoff said Match Group is on top of product updates and developments in his letter shared on LinkedIn.

“Transformation is already underway,” Rascoff wrote, adding Hinge, Tinder, and other brands in its portfolio are finding new ways to implement AI into product development.

“But it’s not about technology alone,” he added. “Our people, our culture, and our deep commitment to our mission will be the driving force behind this transformation.” 

Analysts from Wolfe Research also appear optimistic about changes Rascoff could usher in as the new CEO of Match Group.

“We believe investors will welcome his communication style and cadence favorably,” Wolfe Research analysts wrote in a Feb. 5 note. “A lot depends on successful execution this year, and the company now has another chance to prove out its strategy.”

This story was originally featured on Fortune.com



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