The OPW/iDate Weekly News Summary.
- iDate Dating Industry Conference in Los Angeles June 12-13, 2018http://idate2018.com
- Stay informed. http://www.onlinepersonalswatch.com
:~ TOP ONLINE PERSONALS WATCH NEWS ~:
Badoo To Drop Swiping
TECH CRUNCH - June 6 - Badoo, a UK-based dating app with ~388M users globally - whose majority-owned app Bumble is currently being sued by Tinder in part for its use of swiping - says that it will be removing the swiping from its own app. Badoo is rolling out a new feature called Badoo Live which are live video broadcasts to let people show off their personalities. Users will be able to send messages during a live session, which works on a principle similar to Facebook Live. Once a match is made, users can start a live video chat with each other.
M17 Delays IPO Debut After Pricing This Morning On NYSE
TECH CRUNCH - June 7 - M17 Entertainment, a Taipei-based live streaming and dating app group, priced its IPO this morning on the NYSE and was expected to open trading today. But with just a little more than two hours to go before market closing, it's still not trading, and no one seems to know why. M17 has had a rocky non-debut so far. Originally targeting a fundraise of $115M of American Depository Receipts (shares of foreign companies listed domestically on the NYSE), the company concluded its roadshow raising less than half of its target, for a final investment of $60.1M. The company priced its ADR shares at $8 each. The company's main product is a live-streaming product where creators can build their fan bases and brands. Fans can purchase virtual gifts to send to their favorite artists.
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Match Launches Lara Chatbot That Lives Inside Google Assistant
CITYAM - June 7 - Match has teamed up with Google to launch its dating chatbot Lara across the Google Assistant network, after a successful run in Facebook Messenger. Match users can speak to Lara through their Google Assistant on their phone, smartwatch, laptop or Google Home smart speaker to ask for dating tips and find new matches. Every day Lara will send through a unique Daily Match via a text message, based on a search conducted on the user's Match preferences like age, location and common interests. Using the phrase "OK Google, talk to Lara from Match", users can then have a conversation with Lara to get suggestions for potential date locations, hooked up to a pin on Google Maps.
Tinder's "More Genders" Feature Hits 25 Million Matches
BUSTLE - June 8 - Tinder launched "More Genders" feature in 2017. Although it's only been live for 12 months, "More Genders" has been in the works since November 2016. As Tinder Founder & Chairman Sean Rad said, the decision came after the company heard word of rampant gender-based discrimination taking place on its platform: Users would report matches after discovering their gender identity, flagging profiles as fraudulent when a person who'd selected "woman," for example, clarified in their bio that they actually identified as genderqueer, or as a trans woman. The feature has made 25M matches worldwide - and counting.
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What's Next For Momo After Touching 52-Week High?
WEEKLY HUB - June 4 - The stock of Momo hit a new 52-week high and has $52.11 target. The 6 months bullish chart indicates low risk for the $10B company. If the $52.11 price target is reached, the company will be worth $505M more. Momo has risen 1.41% since June 4, 2017 and is uptrending. It has underperformed by 11.16% the S&P500. Analysts await Momo to report earnings on August, 28. They expect $0.55 earnings per share, up 89.66 % or $0.26 from last year's $0.29 per share. Momo's profit will be $112M for 22.56 P/E if the $0.55 EPS becomes a reality.
Tinder Is The Most Popular Dating App For Single Millennials
YAHOO FINANCE - June 5 - Millennials are using Tinder more than any other dating app, according to a new survey of young consumers from Piper Jaffray. Of the 294 respondents who indicated that they were single, 27% of single millennials said they use Tinder (vs. 22% of single non-millennials), which is more than double that of Bumble at 12% of millennials (vs. 3% of non-millennials). The Piper Jaffray survey was conducted in April. The firm collected responses from 750 young adults.
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OkCupid Is Teaming Up With ACLU
PR NEWSWIRE - June 6 - OkCupid and the American Civil Liberties Union (ACLU) are introducing an ACLU Profile Badge that enables singles to find - and connect with - other members who support the non-profit. The badge will be prominently displayed on the profile of every OkCupid member who has publicly responded "yes" to the question "Do you support the ACLU?" For every user who receives the badge, OkCupid, will donate $1 towards the ACLU and will donate a maximum of $50K. For ~100 years, the ACLU has worked in courts, legislatures, and communities to protect the constitutional rights of all people.
'Wingman' App Allows Friends To Join The Matchmaking Process
DIGITAL TRENDS - June 4 - On dating app Wingman, singles get to recruit a friend to sign up and create a profile for them. Based on the concept of an actual "wingman," the app allows friends to take control over who singles match with and helps make swiping left and right feel like less of a chore. "I was never comfortable dating online. Most of my single friends were in relationships …, yet they were always very interested in my dating life and wanted to support my journey", said the app's founder Tina Wilson.
The OPW/iDate Dating Business Insider is first and the largest weekly news summary in the dating industry. Since 2004.
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