The OPW/iDate Weekly News Summary.
- Attend iDate. http://www.internetdatingconference.com
- Sep 16-17 in Cologne
- Stay informed. http://www.onlinepersonalswatch.com
:~ TOP ONLINE PERSONALS WATCH NEWS ITEMS, AND INTERVIEW ~:
my Zamana, Ashish Kundra http://www.onlinepersonalswatch.com/new ... nacom.html
Does The Stock Market Lov Internet Dating?
OPW - July 29 - Max Polyakov, the former CEO/co-founder of EasyDate/Cupid, picked up BeNaughty.com and Flirt.com from Cupid.com two weeks ago for a cool 43.1m GBP / 50m Euros. The market reacted favorably but the 7% bump-up was short lived (see chart). The 52 week high was 212p. Cupid's stock took a beating in Q1 and leveled off in April. Now its at ~65p. It's still up slightly after Max stripped out Cupid's casual dating sites. The current price values Cupid at about 5x earnings. Meanwhile, the price and payment terms seemed quite favorable for Max at ~4x 2012 EBITDA with the bulk of the price paid over a period of more than 3 years. Anyone want to call Max a sweetheart? But the reality is, this is indicative of how few buyers there are for properties with adult themed content versus mainstream dating properties.
My experience has been that buyers want to pay 2-5x EBITDA for iDating companies. Sellers want 6-12x. Never the twain shall meet. Unless Match is buying. So lets have a quick look at how the public iDating companies are being received by the investment community. Here they are in pecking order by YOY stock growth.
Read more: http://www.onlinepersonalswatch.com/new ... ating.html
Concerns Raised Over Web Dating 'Fake Profiles'
BBC.CO.UK - July 26 - A BBC investigation has found that fake profiles are apparently being used to encourage people to pay a subscription to Cupid Plc. Earlier this year the company hired auditors after users told a BBC 5 live investigation they had lots of messages when they signed up to the sites as free users, but when they paid up, interest rapidly tailed off. Cupid commissioned KPMG to look at working practices. The report found that "scammers" were a problem but said there was no evidence of "a Company organised" use of fake profiles. But the BBC has been contacted by Cupid daters, complaining of disappearing messages and fake profiles. The programme team created a profile of a man called James from Glasgow, to see how many of the people who approached "James" were real. "James" profile was matched with Kaz B. However, Kaz B is Karen Bartke, a Scottish actress, who never signed up for Cupid's sites. These profiles did not appear to be the work of scammers. The bulk of Cupid plc's work is done in Ukraine, where journalist Svitlana Tuchynska from the Kyiv Post newspaper went undercover. She applied for a job as a motivation manager. She said: "I was told the job is to communicate with customers on the sites. Cupid described Ms Tuchynska's allegations as "wholly incorrect".http://www.onlinepersonalswatch.com/new ... files.html
Quickly set up and run your own dating site using Dating Factory white label solution available in 18 languages. For more information visit www.datingfactory.com
Flirtomatic Has Been Downloaded 5 Million Times
PR WEB - July 25 - Flirtomatic has now been downloaded ~5M times, according to its developer, Handmade Mobile Entertainment. The flirting and online dating app is free and available on a wide selection of mobile platforms and devices. There are also additional in app purchases available at a small extra cost.http://www.onlinepersonalswatch.com/new ... times.html
AshleyMadison.com Reaches 20 Million Members
PR WEB - July 24 - Controversial married-dating site AshleyMadison.com reaches 20M. Over the past year AshleyMadison.com saw a 33% increase in new members since July 2012. “Our aggressive global expansion including seven countries in 2012 and most recently Japan and India, proves that infidelity is a universal business,” says Noel Biderman, CEO of AshleyMadison.com.http://www.onlinepersonalswatch.com/new ... mbers.html
Dating sites make millions each year from running their casually oriented dating traffic to Fling. Email email@example.com
for special treatment.
'Mister' Gay Dating App Gets A Revamp
WSJ - July 24 - Carl Sandler is the CEO of Mister, a newly relaunched mobile dating app for gay and bisexual men. Carl helped design Gay.com, and also writes an advice column for the Huffington Post. The relaunch of Mister comes with several new design elements, including “Mr. Right,” a feature which acts as a “digital wingman". Gay men were among the earliest adopters of mobile dating apps. Grindr, Scruff and Manhunt are all enormously successful apps with millions of users. But one of the side effects of their success is that they may be contributing to a “hook-up” culture. “The hookup world is a vestige of the past,” Carl said. “We’re looking for a way that creates more space for something else to emerge.”http://www.onlinepersonalswatch.com/new ... evamp.html
Avalanche Acquires Golfmates.com
PRESS RELEASE - July 23 - Avalanche, the company behind Date.com and Matchmaker.com, among others, has acquired Golfmates.com, an online dating site for golf enthusiasts. Golfmates.com is the first sports themed dating site to join Avalanche’s roster of 18 niche and general dating sites. The term of the deal were not disclosed.http://www.onlinepersonalswatch.com/new ... escom.html
Dating sites need to offer voice services to remain connected with their users...rather than disinheriting them when they want to speak on the phone - Mark Brooks
Spikko helps dating sites provide secure virtual phone numbers to their members and make money from the phone calls. Please email firstname.lastname@example.org
for more info.
New York Magazine Partners With HowAboutWe.com
PR NEWSWIRE - July 22 - New York magazine and HowAboutWe.com partner to launch a new service called New York for Two. The service sends couples on curated date experiences, tailored for two. For $18 a month, members browse a collection of local date experiences, pick the ones they like, and go. Membership also includes one free date.http://www.onlinepersonalswatch.com/new ... wecom.html
Cupid Falls Out Of Love With Commercial Director
PROACTIVE INVESTORS - July 19 - Cupid waved goodbye to commercial director Mark Doughty after dumping its casual dating business. Doughty handed over the role of CFO to Niall Stirling in December as it expanded its board and his new job was to grow the company internationally.http://www.onlinepersonalswatch.com/new ... ector.html
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The OPW/iDate Dating Business Insider is first and the largest weekly news summary in the dating industry. Since 2004.
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:~ UPCOMING INTERNET DATING & DATING INDUSTRY CONFERENCES ~:
September 16-17, 2013 : Cologne, Germanyhttp://internetdatingconference.com/reg ... e-2013.php
January 14-16, 2014 : Las Vegashttp://internetdatingconference.com/reg ... s-2014.php
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