The OPW/iDate Weekly News Summary.
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:~ TOP ONLINE PERSONALS WATCH NEWS ~:
Facebook Dating Launches in the U.S.
TECH CRUNCH - Sep 5 - Facebook's dating product is today launching to all in the U.S., promising to leverage the company's deep insight into people's personal data to deliver better matches than Tinder, Bumble, Match and others. With its U.S. arrival, Facebook Dating will now also allow users to integrate their Instagram posts in their dating profile and add their Instagram followers to their "Secret Crush" list, in addition to Facebook friends. For starters, the people users are shown on Facebook Dating will not include your Facebook Friends. Users can also opt to have Facebook Dating only show them people without common friends. Dating is an opt-in experience. Officially, Facebook says that match suggestions are based on "your preferences, interests, and other things you do on Facebook."
Momo's New App ZAO Sparks Mass Downloads and Major Concerns
RADII - Aug 30 - Momo's new face swap app Zao is the hottest thing on the Chinese internet right now. But the app is also raising a host of privacy concerns on Chinese social media. Users take a selfie and put themselves into their favorite movie or soap opera. Zao user agreement states that the app gives Momo global rights to use any imagery created on the app for free. Once a user has opted in, there doesn't seem to be the right to revoke the agreement.
YY Rebrands Its Social Platform to Speed-dating App 'Zhuiya'
TECHNODE - Sep 5 - Chinese live-streaming company YY is relaunching its "Shiting PK" social app to "Zhuiya" to include speed-dating functionalities based on common interests, targeting users 18 - 30 years old. Upon logging in, users are required to choose from a number of interest tags, after which they are redirected to a chat room with other users who have picked the same tags, featuring a matchmaker moderator. In the chat room, users can start three-minute private speed-dating sessions with other users. Zhuiya also has live-streaming features.
Online Matchmaker Love Group Cuts Staff Amid Protests in Hong Kong
STOCKHEAD - Sep 4 - Financial markets are watching closely as the ongoing political crisis in Hong Kong stretches into its third month. As clashes between protestors and police become increasingly violent, many analysts are questioning how it will affect Hong Kong's standing as a trading hub and international finance centre. This has also affected the business of matchmaking. Matchmaking company Love Group had reduced marketing spend and shed some part-time staff, in order to cut costs to match the corresponding decrease in revenue.
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Tinder Launches New Feature in Brazil, Called Match Time
CANALTECH - Sep 4 - This week, Tinder rolled out a new feature Tinder Time feature in Brazil. Tinder Time notifies users when there is a high activity on the app. According to Tinder, during a peak period the activity within the app goes up 15x, so the chance of scoring a match goes up 250%.
Momo's Stock Price Likely to Remain Volatile as Growth Slows
GRIZZLE - Sep 3 - Momo released Q2 results last week which were better than expected. The stock price have also received a boost from Zao, the face swapping app which went viral over the weekend. For Q2 revenue grew 32% to $604M, $25M ahead of consensus. But revenue from live streaming video is seeing a dramatic slowdown in growth. This segment grew revenue 18%, vs 32% for the entire company. Value added revenue, which includes virtual gifting, was the main growth driver and increased 169%. Momo faced several challenges, including the temporary suspension in May of the homepage and its Tantan dating app. However, the stock still has a strong following. Going forward, this share is likely to be driven by sentiment more than anything else. As such it may best be treated as a trading stock.
Match.com Goes Beyond Just Setting up the First Date
DALLAS INNOVATES - Aug 30 - Hesam Hosseini, the new CEO at Match.com, talks about Match.com's makeover. He and his team have completely overhauled the app so much that it's unrecognizable from a year ago. Hosseini wants to slow people down, there's a strict no swiping rule on Match, so users have to deliberately spend more than a second on somebody's profile. "Match has never been about quantity. It's always been about quality," he says. "We have to date a little bit smarter, helping people realize what they want and getting them to change their behavior." The app has launched AskMatch, a "dating coach" service that's free and available to all paying members. Users can speak to a highly trained coach over the phone to ask about anything concerning their dating life. AskMatch is currently being introduced across the country.
Gay Dating App to Launch a Friend Mode
THE LONDON FREE PRESS - Sep 3 - Chappy, a dating app for gay men, will be launching Friend Mode, a new platonic connection feature that allows users to connect for friendship. A Swedish study of ~13,600 men and women found that having few or no close friends increased the risk of having a first-time heart attack by ~50%.
The OPW/iDate Dating Business Insider is first and the largest weekly news summary in the dating industry. Since 2004.
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