The OPW/iDate Weekly News Summary.
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:~ TOP ONLINE PERSONALS WATCH NEWS ~:
Chinese Dating App Tantan Secures Another $70M
DEAL STREET ASIA - June 9 - The dating app, often reffered as Chinese Tinder, raised $70M in series D funding. The round was lead by Chinese online social entertainment firm YY. Tantan was founded in 2014 and it's target group are young professionals living in smaller cities. It currently claims 13M registered users and 2.5M DAU. So far, it raised $32M in series C, $13M in series B and $5M in series A.http://www.onlinepersonalswatch.com/new ... r-70m.html
Match Group Declares Share Buyback Program
THE CERBAT GEM - June 4 - Match Group's Board of Directors has approved a share buyback plan, which permits the company to buyback 6M outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.http://www.onlinepersonalswatch.com/new ... ogram.html
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Brits Are Returning To Traditional Matchmakers
DAILYMAIL.CO.UK - June 4 - The Association of British Introduction Agencies says its members (matchmakers) saw an increase of ~27% in inquiries over the past year. The resurgence comes after numerous horror stories of fraudsters preying upon victims through online dating. The latest figures from the National Fraud Intelligence Bureau reveal 3,889 romance-seekers were duped into handing over L39M to criminals last year.http://www.onlinepersonalswatch.com/new ... akers.html
Indian Dating App Aisle Understands Nash's Equilibrium
QUARTZ - June 3 - Nash's equilibrium hows how, in non-co-operative situations involving two or more players, individuals end up making decisions that are terrible for the group. In the case of dating apps the male/female ration is the problem. Men are trying hard to get female attention. On Tinder, this imbalance leads to men swiping right on as many females as possible. The men, undoubtedly, would benefit from a common understanding to be more selective, but have no way to reach such a collective agreement. Dating app Aisle only lets users connect with someone by buying 'invites'. Invites come in packages of three ($33), five ($50) and seven ($66). This invite-system neatly sidesteps the Nash's equilibrium problem and rids males of the power to indiscriminately try to match with everyone and females of unwanted attention. Users can only buy seven invites at a time. Invites only get used up when accepted, and are added back to their account if declined.http://www.onlinepersonalswatch.com/new ... brium.html
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The League Set To Launch In Atlanta
ATLANTA BUSINESS CHRONICLE - June 4 - The League is set to launch in Atlanta in early June. The app has a launch party scheduled for Atlanta on June 6, and is planning to launch in nine other cities this summer.http://www.onlinepersonalswatch.com/new ... lanta.html
On Gay Dating Apps, Hooking Up Is Out
VICE.COM - June 7 - It only takes a quick scroll through gay dating apps to see guys who express dismay with them; statements like "no hookups," and "no unsolicited nudes" are common in user profiles. That dissatisfaction is reflected in Grindr's 2.5-star rating on the Apple App store. Chappy claims to be different. Launched this year in London, and funded by Bumble, Chappy lets users toggle between categories called "Mr. Right" and "Mr. Right Now". Chappy isn't the only app trying to distance itself from the hookup culture. Hornet and Scruff are launching new features to introduce new ways to interact beyond hooking up, such as Facebook-style activity feed.http://www.onlinepersonalswatch.com/new ... s-out.html
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Tinder Is Offering One LGBTQ Couple A $100k Dream Wedding
BUSTLE - June 7 - Tinder is celebrating Pride Month by offering one lucky LGBTQ couple $100K to fund their #TinderSuccessStory wedding". Couples are encouraged to enter the contest by posting couplespics to Instagram using #TinderSuccessStory and tagging @Tinder, along with a description of their success story for the chance to win.http://www.onlinepersonalswatch.com/new ... dding.html
Gaza Dating Site Matches Widows To Men Seeking 2nd Or 3rd Wife
NEW YORK TIMES - June 4 - Wesal (it means communion or reunion in Arabic) is a first-of-its-kind matchmaking website in Gaza. It has been successful, and not just because Tinder and other dating apps are banned here. Its founder knows his demographic well. ~1,400 men have been killed in the three wars with Israel since 2008, leaving many widows who would like to remarry. Tradition, however, can make it difficult for them to wed single men. Wesal not only facilitates marriages for widows, but also for the divorced and those who have never married. Wesal is ad-supported, plus a man and a woman who get married after meeting on the site are supposed to pay $100 each.http://www.onlinepersonalswatch.com/new ... -wife.html
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