The OPW/iDate Weekly News Summary.
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:~ TOP ONLINE PERSONALS WATCH NEWS ~:
Match Group Completes Separation From IAC
TECH CRUNCH - July 2 - Previously, Match Group was a publicly-traded company, with digital holding company IAC as its majority shareholder. Last year, the companies announced a plan that would see IAC's ownership of Match distributed to IAC's shareholders - a plan that is now completed. The separation also involves a leadership change, with Mark Stein and Gregg Winiarski stepping down from the Match Group board. The company has four new board members: ExecOnline CEO Stephen Bailey, the NBA's executive president for digital media Melissa Brenner, investor and entrepreneur Wendi Murdoch and actor Ryan Reynolds. Shar Dubey will continue to serve as Match Group's CEO, a position she took at the beginning of this year, while Joey Levin remains a both IAC's CEO and Match Group's executive chairman.
Video Matchmaking App Yidui Completes Series B Financing Led by Sky9 Capital
GLOBE NEWSWIRE - June 26 - Yidui, the video matchmaking platform in China, has completed a Series B round of financing led by Sky9 Capital and Xiaomi. Launched in 2018, the company has ~40M users and has raised $100M to date. Yidui provides an innovative dating experience, where the date is moderated by a third person - a "matchmaker" - who facilitates the conversation. The date is live-streamed and the audience can comment and live-chat with the matchmaker. Yidui's 10M matchmakers arrange 40M dates a month. Sky9 Capital is an early-stage focused venture capital firm investing in internet, enterprise and deep-tech sectors in China.
Badoo Launches New AI Tool That Detects Explicit Photos
DAILYMAIL.CO.UK - June 30 - Badoo has launched a new safety feature that uses AI to detect unsolicited nudes that get sent through the app. Badoo says its 'private detector' has a 98% accuracy rate when covering up intimate photos. The AI identifies potentially offending photos, automatically blurs them and gives users a warning that they could contain 'inappropriate content'. The feature was introduced to the 'feminist dating app' Bumble last year, which is owned by the same holding company as Badoo.
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Top Grossing Dating Apps Worldwide for May 2020
SENSORTOWER - July 3 - The top grossing dating app worldwide for May 2020 was Tinder with ~$65.3M in user spending. ~41.5% of Tinder's revenue was from the U.S, followed by 5.6% from UK and 5.4% from Japan. Bumble was the second highest earning dating app worldwide for May 2020 with close to $16M in gross revenue. The next top grossing app was Pairs, followed by MeetMe and Tantan.
Match Investors Sue IAC Over 'Grossly Unfair' Split
LAW360 - June 30 - A class of Match Group stockholders are suing IAC and media mogul Barry Diller, saying an elaborately conflicted separation of the two companies could cost Match and its stockholders billions.
Dating App S'More Adds Blurred Video Calling and Launches in LA
TECH CRUNCH - July 3 - S'More, whose name is short for "something more", launched last fall and has supposedly attracted ~50K users. The dating app has recently launched a video calling feature. The video is blurred for the first two minutes, which means users have got to start an interesting conversation before they can see who they're talking to. S'More has also expanded geographically, launching last week in Los Angeles.
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The Meet Group Gains New Strength With Innovations in Interactive Dating
INVESTORPLACE - June 30 - Blind dating gets a modern upgrade, making MEET stock a potential winner even amid the pandemic. The Meet Group has recently announced the rollout of an interactive game known as Blind Date. This will be an addition to The Meet Group's popular NextDate game, which "is like speed dating, except that there's an audience and the contestant gets to choose the specific people they'd like to connect with," according to CEO Geoff Cook. The Blind Date game will be integrated into The Meet Group's MeetMe, Skout, and Tagged. It will also be integrated into Match Group's Plenty of Fish. Blind Date should serve to increase user engagement. MEET stock could easily reclaim its former high point as the company's innovative spirit could bring people back into the dating game again.
Match Group Signs Lease on Gansevoort Row
THE REAL DEAL - June 30 - As Match Group breaks up with IAC, the dating service is moving into new digs in the Meatpacking District. The company has agreed to lease space at Aurora Capital Associates and William Gottlieb Real Estate's 60-74 Gansevoort Street. Match is taking roughly 45K square feet on the fourth, fifth and sixth floors.
The OPW/iDate Dating Business Insider is first and the largest weekly news summary in the dating industry. Since 2004.
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