The OPW/iDate Weekly News Summary.
- Attend iDate May 28-29 in Beijing: http://www.internetdatingconference.com
- Video about Beijing: http://idate2015.com/agenda-beijing-2015.php
- Stay informed. http://www.onlinepersonalswatch.com
- Mobile news app: http://idate2014.com/idate-industry-app.php
:~ TOP ONLINE PERSONALS WATCH NEWS ITEMS AND INTERVIEW ~:
Sweetmatch - Maxim Kolotsayhttp://www.onlinepersonalswatch.com/new ... aysia.html
Grindr Is Seeking A Buyer
BLOOMBERG - May 9 - Gay dating app Grindr has hired Raine Group to advise it on a possible sale. Joel Simkhai founded Grindr in 2009 with $5K. Four years later, the company is still self-funded with no outside investors, and charges about $12 a month.http://www.onlinepersonalswatch.com/new ... buyer.html
Zoosk Backpedals On $100M IPO
VENTUREBEAT - May 9 - Zoosk has submitted a regulatory filing to withdraw its plan to go public and raise $100M. The filing itself doesn’t explain Zoosk’s reasoning behind the move. Zoosk started in 2007 and pulled in $178.2M in revenue in 2013, with a $2.6M loss, according to last year’s form S-1 from the company.http://www.onlinepersonalswatch.com/new ... m-ipo.html
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MeetMe Q1 Results: Mobile Revenue Up 76%, Record EBITDA ($3.1M)
BUSINESSWIRE - May 8 - Total Q1 revenue was $11.6M, up 22% YOY. Mobile revenue ($8.2M) represented 71% of total revenue. Adjusted EBITDA was $3.1M, compared to a loss of $500K in Q1 2014. Net income was $722K compared to a net loss of $3.4M in Q1 2014. Mobile monthly users grew 44%. "We believe this significant growth in traffic reflects our success in growing Chat engagement", said CEO Geoff Cook.http://www.onlinepersonalswatch.com/new ... a-31m.html
Spark Networks Q1 Results - Revenue Down 19%, Net Income $723KDating Sites In China Under Scrutiny
MARKETWIRED - May 6 - Q1 2015 revenue was $13.5M, a decrease of 19% YOY and a 5% decrease from the prior quarter. The decrease was primarily driven by a 25% decrease in average paying subscribers. Direct marketing expenses were $6.1M, a decrease of 47% YOY. Net income was $723K, compared to a net loss of $2.9M in Q1 2014.http://www.onlinepersonalswatch.com/new ... -723k.html
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Dating Sites In China Under Scrutiny
WANTCHINATIMES - May 9 - Dating sites are facing government scrutiny as developers have allegedly used unlawful means to maximize earnings. Recently, a dating site Youyuan has been accused of using chatbots feigning to be female members to interact with male users. Since the beginning of this year, the Chinese authorities have shut down ~100 questionable dating sites or apps which had allegedly performed unlawful acts such as the sex trade, spreading pornography or using fake IDs.http://www.onlinepersonalswatch.com/new ... tiny-.html
Tinder Hits Back At Research Claiming 42% Of Its Users Have Partners
THE GUARDIAN - May 8 - Tinder has rejected research that estimated that 42% of its users are either married or in a relationship. "The results of this tiny, 681 person study in the UK is a totally inaccurate depiction of Tinder’s user base", said Tinder's spokesman. "The largest age group on Tinder (over 50% of users) is 18-24. More than 93% of UK residents in that age range have never been married, according to the UK's office of National Statistics. Simple logic should reveal that it's essentially impossible for any of these claims to be accurate." GlobalWebIndex has defended its methodology. "Our data is based on interviews with a panel of ~170K Internet users worldwide."http://www.onlinepersonalswatch.com/new ... tners.html
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eHarmony Ramps Up Analytics for New Job Matching Business
WSJ - May 8 - The new eHarmony service, called Elevated Careers, is expected to launch late this year. To prepare, eHarmony brought in Hadoop for analyzing massive datasets and a search engine from Elastic, as well as other technology upgrades. Job hunters fill out three questionnaires about their values, personality and experiences with corporate culture. Employers with open jobs, meanwhile, are profiled based on external data and information supplied by current and former employees.http://www.onlinepersonalswatch.com/new ... iness.html
Tinder Co-founder Dinesh Moorjani Joins Indian Dating App Vee
TECHCIRCLE - May 5 - One of the early investors and co-founder of Tinder, Dinesh Moorjani has joined mobile-based dating venture Vee as advisor. Moorjani is founder and CEO of Hatch Labs, a mobile technology incubator and captive fund, which built ~10 startups from the ground up since 2010, including Tinder. Moorjani was formerly SVP of IAC Mobile. Founded in April this year, Vee connects single people with others based on their interests. The company claims it is close to crossing 500K app downloads. GetVee, the company behind Vee, had raised $1M in its pre-Series A round of funding.http://www.onlinepersonalswatch.com/new ... -vee-.html
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:~ UPCOMING INTERNET DATING & DATING INDUSTRY CONFERENCES ~:
May 28-29, 2015 : Beijing
October 14-16, 2015 : London
:~ TWITTER ~:
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