The OPW/iDate Weekly News Summary.
- 15th annual Internet Dating Conference in Florida January 24-26 2018http://idate2018.com
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:~ TOP ONLINE PERSONALS WATCH NEWS AND INTERVIEW ~:
Happy Couples - Julien Roberthttp://www.onlinepersonalswatch.com/new ... ital-.html
BharatMatrimony's September Quarter Profit Rises 64%
VCCIRCLE - Nov 17 - Matrimony.com, which owns online match-making firm BharatMatrimony, reported a consolidated net profit of Rs 19.16 crore ($2.9M) for the quarter ended September, up 64% from Rs 11.69 crore a year ago. Consolidated revenue came in at Rs 83.7 crore ($12.9M), 13% higher than Rs 73.61 crore in the same quarter last year, the company said. This is the company's first quarterly result following its IPO two months ago. At Rs 859.30 apiece on the BSE, the Matrimony.com stock is trading below its debut price of Rs 985.http://www.onlinepersonalswatch.com/new ... es-64.html
Match Group's New Executive Management Appointments
PRNEWSWIRE - Nov 15 - Match Group has made a series of internal leadership appointments to coincide with Mandy Ginsberg's planned assumption of the Company's CEO role by January 1, 2018. These include: Elie Seidman, currently CEO of OkCupid, will become Tinder's new CEO, reporting into Ms. Ginsberg. Amarnath Thombre, currently Chief Strategy Officer at Match Group, will become CEO of Match Group Americas, where he will oversee Match, Match Affinity Brands, PlentyOfFish, OkCupid and Match's Latin America businesses, reporting into Ms. Ginsberg.
Hesam Hosseini, currently CEO of PlentyOfFish, will become CEO of Match and Match Affinity Brands, reporting into Mr. Thombre. Match Group is actively recruiting to fill the CEO positions at both OkCupid and PlentyOfFish.http://www.onlinepersonalswatch.com/new ... ments.html
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Tinder And Grindr Don't Want To Talk About Their Role In Rising STDs
VOX - Nov 13 - According to a September report from the Centers for Disease Control and Prevention, there were ~2M cases of chlamydia, gonorrhea, and syphilis reported in the US in 2016 - the highest cumulative number ever recorded. Health experts increasingly view apps and sites such as Tinder, Grindr, and OkCupid as enablers of high-risk sex, helping people meet and hook up more efficiently than ever before. Many of the major dating networks don't want to be involved in STD prevention, nor have they acknowledged the impact they're having on public health. In the UK, the National Health Service is pushing major networks like Tinder and Grindr to advertise places that provide free (or affordable) condoms because of the role they're playing the rise of sexually transmitted diseases among young men who have sex with men.http://www.onlinepersonalswatch.com/new ... -stds.html
Match Group Rumored To Offer $1B For Bumble
FORBES - Nov 14 - Bumble began monetizing via in-app purchases only in Aug 2016 and will cross $100M in sales this year, a figure that - aided by the introduction of tailored, hyperlocal advertising - is projected to double in 2018. Herd turned down a $450M buyout offer from the Match Group earlier this year, according to sources with knowledge of the conversations. And these sources maintain that Match approached the company again this fall to discuss a valuation well over $1B. Match declined to comment. ~10% of Bumble's users pay $9.99 for a monthly subscription. At Tinder, just ~5% of users pay for a similar service. Bumble took an initial ~10M investment from Bumble's founder Andrey Andreev for launch marketing in exchange for 79% of the company. Bumble has 70 employees, ~85% of whom are women. Bumble has recently launched BFF, an offshoot that focuses on platonic connections between women, and Bizz, which offers a challenge to LinkedIn. Bumble BFF has been tried by ~3M users, but just 500K are active in a typical month. Bumble Bizz is too new to evaluate.http://www.onlinepersonalswatch.com/new ... umble.html
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Online Dating The Most Common Way Newlyweds Met In 2017
CBS LOCAL - Nov 16 - According to a new study carried out by researchers at online wedding planner The Knot, online dating and social media has become the most common way newlyweds met their partner. 19% of brides said they met their spouse through online dating or social media this year; up from 14% in 2016. Online pairings finished above meeting through friends (17%), at college (15%), or at work (12%).http://www.onlinepersonalswatch.com/new ... -2017.html
Hinge Redesigned A Year Ago. Here Is The Impact
MONYEISH - Nov 15 - A year ago, Hinge redesigned its interface and rebranded itself a "relationship app." Instead of swiping, users are required to answer select prompts (sample Q: "most spontaneous thing I've done?") and like and comment on the responses and images of potential partners. Users get a restricted number of free daily matches, but paying $7 a month opens up more options. And now, Hinge has released data as to the redesign's impact. According to Hinge, downloads of the app have increased by 130% in the past year. Users are liking each other less but engagement after a match is up 50%. A large number of Hinge users now say they're looking for more than a quick fling.http://www.onlinepersonalswatch.com/new ... mpact.html
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Match.com's Chatbot Lara Boosted Registration Rates 30%
BBC NEWS - Nov 11 - Match.com's chatbot Lara launched in France in 2016 and then rolled out in the UK in April 2017, to help potential clients get started in their search for love by setting up their Match profile for them. Match claims that 300k people a month complete their profiles with Lara. Lara can operate in 12 languages, asking users simple questions about what they are looking for and what they are like. Experts say it can also encourage people to be more honest. "The profile is the big hurdle for the industry," says Mark Brooks, a dating sector consultant. "People don't really want to create a profile, it's not much fun. But if you are having a conversation with somebody they will be more willing. And if you can create a profile from a conversation it will probably be closer to the truth." Match also launched Julia, a similar chatbot for its over-50s dating site Our Time. In future though, a chatbot could offer a lot more to the dating space than getting you started on your search for love. "It's a strange industry," says Mark Brooks. "If we do a good job we wave goodbye to our customers. There's a lot we are missing out on by not helping people with their relationships once they have found that person." "Maybe chatbots can be used to train people how to date. There's a lot of psychology involved, best practice. It could probably give you tips and tricks," says Srini Janarthanam from Chatomate, talking at at iDate.http://www.onlinepersonalswatch.com/new ... es-30.html
LUCK, A New Austin Dating App Makes Men Work Harder
CULTURE MAP AUSTIN - Nov 14 - Albert Nguyen wants to improve the online dating experience for women with a different approach. His app - LUCK - offers three swipes. A right swipe is a 'real' like, a down swipe is a 'fun' like and left is not interested. Users only match with each other if they both choose the same real or fun like. "Real being a committed relationship, fun being everything else," Nguyen says. Once two users match, they're able to message each other but the copy and paste function is disabled so users can't recycle the same messages to every match. Word puzzles gamify the initial conversation and provide another hurdle. "They are presented with a keyboard that's missing a few letters, and have to use the letters they're given to craft an interesting opener," Nguyen says. "The letters we give them are randomized each time, so every match is a different 'puzzle.'" Nguyen says this helps filter out users who aren't willing to make the effort.http://www.onlinepersonalswatch.com/new ... arder.html
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