The OPW/iDate Weekly News Summary.
- Online Dating and Dating Industry Conference in Odessa on May 21-22, 2021
- Stay informed. https://www.onlinepersonalswatch.com/
:~ TOP ONLINE PERSONALS WATCH NEWS ~:
IAC & Match Set Deadline to Choose Separation Compensation
SEEKING ALPHA - June 11 - IAC and Match Group have set a deadline for Match stockholders to choose their form of compensation for Match's separation from IAC. They'll need to choose by 5 p.m. NYC time on June 18. If the deal is completed, each Match stockholder will be able to receive for each share: one share of common stock in "New Match," and either $3 in cash, or a fraction of a share with a value of $3.
The Meet Group Launches Monetization on Gay Dating App GROWLr
BUSINESSWIRE - June 11 - The Meet Group, a leading provider of interactive dating solutions, allows GROWLr's members to send virtual gifts inside the app. Some of the virtual gifts available range from teddy bears, rainbows and roses, to the top gift of a dragon, worth 100K credits. "The launch of virtual gifting is very exciting for the community," said Geoff Cook, CEO of The Meet Group. "Not only does gifting provide a new way for our members to express themselves and connect with others, we also expect it to increase video engagement across the dating app, just like we've seen on MeetMe, Skout, and Tagged."
Bumble Introduces Filters to Show How Users Want to Date Now
METRO.CO.UK - June 10 - For now, virtual dates are still the way forward for many, slowly moving into socially distanced dates. That's why Bumble has introduced new filters, so users can stay on the same page as those they're matching with, choosing socially-distanced, socially-distanced with masks, or virtual daters to peruse. Bumble found that 38% of people in-app are still nervous about meeting dates in person.
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Match Opts to Keep Race Filter for Dating as Other Sites Drop It
BLOOMBERG - June 9 - Grindr and Scruff are nixing the feature in response to Black Lives Matter protests against police brutality. Match is defending the controversial filters as a way to empower minorities, setting off a debate about whether or not the feature should exist at all. "In many cases we've been asked to create filters for minorities that would otherwise not find each other," said Match spokesperson Justine Sacco. On one of Match's dating apps - the company wouldn't specify which - nearly half of East Asian users set ethnic preferences. "It's important to give people the ability to find others that have similar values, cultural upbringings and experiences that can enhance their dating experience," Sacco said. "And it's critical that technology allows communities the ability to find like minded individuals, creating safe spaces, free from discrimination.
Matrimony Sites Cash in as Parents in Lockdown Pursue Match for Children
TIMES OF INDIA - June 8 - Lockdown appears to be the best time to find a 'better-half' as Indian matchmaking sites see a surge in renewals. Matrimony.com has seen more new customers enrolling with 30% growth in April, 2020, compared to previous month. "On the collections side, we grew by 26% and stood at 94 crore in Q4FY20, compared to the previous quarter and by 6% on a yearly basis," said Murugavel Janakiraman, founder and CEO of Matrimony.com. Jeevansathi said its collections grew by 26% (4 crore) in Q4 until mid-March, and added 1 crore in April, 2020.
Prosieben to Float Its Dating Business in 2022
FINANZEN.AT - June 10 - ProSieben is planning to spin off its dating business unit from the subsidiary Nucom and "bring it to the stock exchange at the right time at a profit," said board spokesman and CEO/CFO Rainer Beaujean. "We are currently targeting the 2022 financial year for this." ProSiebenSat.1 announced the acquisition of The Meet Group through Nucom for ~$500M in March. The meet shareholders approved the deal last week, now the antitrust authorities still have to agree. Prosieben will hold 55% of the merged online dating business, including the former Parship Group (Parship, ElitePartner, eharmony), and General Atlantic will hold 45%. The Parship Group was valued at €726M on the transaction's announcement date. "We are convinced that the takeover of The Meet Group will generate very high additional value," said Beaujean.
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Positive Singles Introduces a New 'Discreet App Icon' Feature
NEWSWIRE - June 10 - Discreet app icon is a customization tool for its users to replace the app image on their phone with another symbol. They can replace the icons, but the app name remains the same.
Dating App Honeypot Rebrands to Thursday
LINKEDIN - June 9 - Honeypot officially rebrands to Thursday. The app has been redesigned to work only one day of the week - Thursday. The team behind the app wants users to spend as little time as possible on the dating app.
The OPW/iDate Dating Business Insider is first and the largest weekly news summary in the dating industry. Since 2004.
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