The OPW/iDate Weekly News Summary.
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:~ TOP ONLINE PERSONALS WATCH NEWS ~:
Lunch Actually Acquires Setipe, Indonesia's Biggest Online Dating Service
PRESS RELEASE - May 8 - South East Asia's largest dating company, Lunch Actually Group, has acquired Indonesia's biggest dating service, Setipe. Both Lunch Actually Group and Setipe has been targeting singles who are looking for serious relationship. Founder and CEO of Setipe, Razi Thalib, and his team will join the 110 people-strong team of associates (also known as Cupids and Transformers) at the Lunch Actually Group.http://www.onlinepersonalswatch.com/new ... rvice.html
Northsight Capital To Acquire Crush Mobile Apps
NEWSWIRE - May 8 - Northsight Capital is acquiring Crush Mobile Apps, in an all-stock transaction. Crush Mobile, with approximately one million members, has developed a group of dating sites Latino, Israeli and African American communities. Crush will also be incorporating Northsight's "Joint Lovers" dating app, which concentrates on the Cannabis space, into its portfolio.http://www.onlinepersonalswatch.com/new ... -apps.html
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The Meet Group Q1 Financial Results
BUSINESS WIRE - May 8 - Total revenue climbed up 51% YOY to $20M, mobile revenue is $18.8M, up 61% YOY. Net income is $0.4M. "We made strong progress toward rolling out livestreaming video inside of the MeetMe app. Currently, three out of four MeetMe users have access to the Live feature within the MeetMe app", said CEO Geoff Cook.http://www.onlinepersonalswatch.com/new ... sults.html
Snap Interactive Q1 Results
ACCESSWIRE - May 11 - Total revenues of ~$6.7M increased 36% YOY. Subscription revenues increased 41.8% compared to the same period last year. Net loss from operations was ~$1M. Snap has founded an Innovation Lab to support growth initiatives in the live video markets; beta launched 50more, a new dating app targeted at the market of users 50 years and older; and integrated dating functionality into Paltalk to introduce FirstMet membership to video chat users.http://www.onlinepersonalswatch.com/new ... sults.html
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Matrimony.com To IPO Soon, Files DRHP
INDIA INFOLINE - May 8 - Matrimony.com will soon launch its IPO, as the company filed a Draft Red Herring Prospectus (DRHP) with the market regulator SEBI. The IPO will consist of a fresh issue summing up to Rs. 1,300M and an offer for sale of up to 3,767,254 equity shares.http://www.onlinepersonalswatch.com/new ... -drhp.html
Guardian Soulmates Users Hit With Spam After Data Exposure
BBC - May 8 - Users of Guardian Soulmates have been targeted with sexually explicit spam emails after their contact information was accidentally exposed on the dating site. The Guardian newspaper's publisher, which runs the service, said "human error" was at fault. The problem has now been fixed.http://www.onlinepersonalswatch.com/new ... osure.html
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Loveflutter Makes Tweets Part Of Users' Profiles
TECH CRUNCH - May 9 - U.K.-based online dating startup Loveflutter has rolled out a revamped version of its app that lets users add their Twitter feed to their dating profile, in a similar way Tinder imports Instagram feeds. "Your tweets say a lot about your personality and therefore are good online dating fodder," said Loveflutter co-founder Daigo Smith. Loveflutter has teamed up with Receptiviti to analyse the tweets for personality type.http://www.onlinepersonalswatch.com/new ... files.html
Elite Dating App "The Inner Circle" Expands Into More US Cities
BUSINESS INSIDER - May 13 - The Inner Circle, which vets people's LinkedIn profiles before letting them use the platform, went live in LA, San Fran, and Houston this week as it continues its expansion across the US. It launched in New York last October and signed up 32k people within the first three months. "The US has become our fastest growing market", said Michael Krayenhoff, co-founder of The Inner Circle. Overall, there are currently 280k people using the app. It is also active in Amsterdam, Barcelona, Milan, Paris and Stockholm, as well as London and Berlin. The company makes money by offering a premium version of its app and a number of events.http://www.onlinepersonalswatch.com/new ... ities.html
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