Forbes suggested Rad was demoted due to a high-profile sexual harassment case filed against him by Tinder co-founder Whitney Wolfe. The lawsuit argued that Rad stripped Wolfe of her title as co-founder because she was a woman, and later fired her after her split with Justin Mateen ? who was also at the helm of the company ? escalated in the news.IAC ? the company that owns Tinder ? said it wanted Rad to let go of the top position in order to focus on the product. ?The board thought the best path was to bring in a CEO, thinking if we opened up the role it would attract better talent,? said Rad. ?I strongly disagreed.? After four months of searching for a replacement, Payne was hired to bring more experience to the dating app. He was brought on to help Tinder make money as it entered a more established phase, and followed the company’s roll out of its first paid product ? ?Tinder Plus?. This version lets users pay a monthly fee to undo decisions to pass on a potential romantic match. In November, Rad claimed Tinder would look for ?an Eric Schmidt-like person? to replace him as CEO. ?Christopher brings invaluable experience running consumer technology businesses that operate at massive scale,? Rad said. Read more about CEOs:
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