Whitney Wolfe and the Ugly Battle

In March the dating app Tinder filed a lawsuit against its competitor, dating app Bumble, stating that Bumble infringed upon its copyrights by directly copying its card-swipe, mutual opt-in premise. Tinder and Bumble have been rivals even before Bumble was founded. The very personal goes back to 2012 when Whitney Wolfe, the founder of Bumble, first started to help lead Tinder. That same year she began dating Justin Mateen, one of the companies cofounders. By 2014 they had broken up. And it was not a good break-up. They two had frequent fights in the office. Read more articles about Whitney Wolfe at vanityfair.com

All this came to a head in 2014. During that year Whitney Wolfe left Tinder and then sued the two co-founders, Mateen and Sean Rad, for sexual harassment and discrimination. Whitney Wolfe stated that the two became verbally abusive, calling her a whore and often making other sexist and racist comments, emails, and text messages. In the end, the matter was settled by Tinder paying $1 million and suspending Mateen and Rad. In December of that year, Wolfe co-founded Bumble. Bumble has done so incredibly well in so short a time that in 2017 Match Group, the owner of Tinder, made to generous offers to buy out Bumble—$450 million and then over $1 billion—both of which were turned down.

In retaliation, on behalf of Match, Tinder launched this recent lawsuit. Tinder claims that Whitney Wolfe is not the only former Tinder employee to steal some of their confidential trade secrets while with them. Other former Tinder employees have been named as well. But Bumble is fighting back, countersuing Match for a frivolous lawsuit made simply for the purpose of suing them. Bumble also claims that Match sued them because they were not the only interested company out there wanting to buy Bumble. Suing Bumble and winning would effectively make it less desirable. For this, they are seeking $400 million in damages.

Find out more: https://www.vogue.com/article/bumble-founder-whitney-wolfe-michael-herd-positano-wedding

 

David Zalik Is A Powerful Entrepreneur – Here’s How He And His Corporate Creation GreenSky Credit Help Builders Get Much-Needed Loans

The stronger an area’s economy is, the more likely new homes are being built rapidly. The United States is home to the world’s most active economy; as common sense holds, new homes are readily built across the nation.

Construction efforts face one big problem, however – they often don’t have enough capital to buy new materials and pay employees. Let’s consider an example to better grasp this concept.

Assume an individual hires a contractor to build his home. They sign a contract that states the person will provide the contractor will relinquish four disbursements throughout the building process – one for every quarter of the project that gets completed.

Once builders hit the 25-percent mark, they need more money from the soon-to-be homeowner to buy more materials. In the interim, the contractor’s team waits until the individual can fork over their capital.

Fortunately, there’s a solution

GreenSky Credit is a program carried out by GreenSky, the nation’s third-largest member of the fintech market, that provides people and businesses with loans up to $65,000. Unlike most lenders, GreenSky Credit’s application process can be completed via a smartphone or a computer – no meetings.

Since its 2006 foundation by current chief executive officer David Zalik, GreenSky Credit has given roughly 1.75 million debtors loans to the tune of a collective $13 billion.

Many builders trust GreenSky Credit to help them purchase the materials they need prior to customers’ disbursements of scheduled payments. Applicants can even fill out loans on a lunch break – all they need is a smartphone with a working camera to provide proper documentation to GreenSky.

David Zalik made it all happen

Earlier this year, GreenSky of Atlanta, Georgia, held an initial public offering. Upon its completion, David Zalik was effectively worth more than $2 billion, making him one of the world’s few billionaires.

The company has received funding throughout the years thanks to the credibility and reputation of CEO Zalik; for example, GreenSky tallied up some $50 million last year in capital from private investors.

Believe it or not, Zalik was a college dropout – isn’t that amazing?
https://www.wsj.com/articles/whos-the-most-valuable-online-lender-after-this-deal-its-greensky-1514911495