The OPW/iDate Weekly News Summary.
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:~ TOP ONLINE PERSONALS WATCH NEWS ~:
Russmedia Acquires Majority Stake in Hungarian Dating Site Randivonal
DER BRUTKASTEN - June 6 - The Austrian company Russmedia International acquires the majority stake in Randivonal, a Hungarian online dating site. Founded in 1999, Randivonal is Hungary's leading online dating site today. The company is headquartered in Budapest and employs 25 people.
Spark Networks SE Shareholders Approved Increase in Share Capital
PR NEWSWIRE - June 5 - An Extraordinary General Meeting of Spark Networks SE was held on June 3 in Berlin, Germany. Resolutions were passed with 99.9% of the present votes in favor - a resounding endorsement of the acquisition of Zoosk, which upon closing is expected to make Spark the second largest dating company in North America. For the purpose of acquiring Zoosk, the Meeting resolved to issue new shares to Zoosk shareholders in exchange for their Zoosk shares.
Lunch Actually Launches Elite Dating Service
VULCAN POST - May 31 - Lunch Actually branched out to launch an elite dating service in Singapore, Peerage. The term 'peerage' refers to a class of people who belong to nobility or gentry. Only singles with a minimum net worth of S$150K per year are eligible to join the pool of clients in Peerage.
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Bumble to Hire Global Emissary
THRILLIST - June 1 - Bumble is looking to hire one lucky person to take off on an all-expenses paid year-long dating adventure around the world. It will involve a 12-month stint spent traveling to various parts of the world to "go on dates, make friends, and create professional connections" with other Bumble users. All the while, he or she will be documenting his/her experience for Bumble's various social media channels, conducting "research," and occasionally creating editorial content for the company. The position is open to anyone older than 18. To apply, they'll need to swipe in the Bumble app until they see a card about the job pop up, then swipe right on it (it'll be live through the application deadline of June 14).
Personal Data of Thousands of Australians Sold for Just $60
ABC.NET.AU - May 31 - For just $60, a company registered in New York state is selling the data of ~2K Australian women who have signed up for online dating services. Dating sites often include the right to share or on-sell client data as part of the terms and conditions of starting an account. There are companies that are scraping people's data of all types. The companies that accumulate and combine this information are known as data brokers. The US Federal Trade Commission found that one data broker alone had 3K pieces of data on nearly every person in the U.S. Brokers would use data to classify people into certain categories that could be discriminatory, such as "elderly and gullible" and then selling their information to gambling marketers. Services like Paypal shares its user data with ~600 different third parties.
Match Group Could Win Big if the U.S. Regulates Apple and Google
MARKETWATCH - June 5 - Shares of mega-cap U.S. tech companies have come under pressure in recent days amid concerns about increased regulation of technology giants, but companies that have had to play by Big Tech's rules stand to benefit from increased government scrutiny. Match Group would be an "outsized" winner of a scenario in which the U.S. government took a closer look at Apple and Google app-store practices. It is estimated that about half of Match Group's revenue is subject to app-store fees.
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Jewish Dating App JCrush Exposed User Data and Private Messages
TECH CRUNCH - June 4 - A security lapse at JCrush left a database open without a password, exposing sensitive user records and private messages to anyone who knew where to look. None of the data was encrypted. The records contained the user's name, gender, email address, IP address and geolocation, as well as their city, state and country, date of birth, sexual preferences, religious denomination and photos they use on JCrush. The records also show the user's Facebook ID, which points directly to their Facebook profile. It also includes the access token, which can be used to take over a JCrush user's account without needing their password. JCrush's parent company, Northsight Capital, said it was "aware" of the situation and "secured the database immediately when the problem occurred."
Can We Trust the Match Group Cartel With Our Dating Data?
The OPW/iDate Dating Business Insider is first and the largest weekly news summary in the dating industry. Since 2004.
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