The OPW/iDate Industry Insider is the weekly news summary for the dating industry
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:~ TOP ONLINE PERSONALS WATCH NEWS ITEMS ~:
‘No Asian. No Indian’: Picky Dater Or Racist Dater?
THE GLOBE AND MAIL - Feb 23 - Racial filtering is alive and well on mainstream dating and hookup sites, which give users the option of checking ethnic preferences alongside ideal body types and social habits like smoking and drinking. While most critics agree that the ethnicity checkbox is vastly preferable to specifying ‘No Asians,’ they disagree about whether the option is a step backward. Is it any different than hunting through niche sites like Shaadi or JDate? Grindr acknowledged that users can list race in their preferences, but can be banned for posting material “perceived to incite racism”. “We also encourage our users to state what they are looking for as opposed to what they are not looking for." A dating poll of 2K Lavalife users found that 74% of women surveyed said ethnicity affected their dating decisions, compared with 49% of men. “Men are more open to meeting people from different communities. They tend to concentrate on physical aspects whereas women are much more interested in lifestyle and background,” said Justin Parfitt, CEO of speed-dating company FastLife International. “People should be free to have sex or not have sex with anyone they want", argued Harry Reis, a psychology professor at the University of Rochester who co-authored a review of 400 studies on online dating. "In my estimation, it is fine (although self-limiting) to be racist with regard to sexual preferences", he said. “Throw out the checklist,” Mr. Parfitt advises. “What you think you want and where you end up finding chemistry are often two very different things.”http://www.onlinepersonalswatch.com/new ... dater.html
Grindr For Equality
TECH CRUNCH - Feb 23 - Grindr has announced that it will use its location-based app to fuel a social movement called “Grindr for Equality”. This will allow Grindr to notify and mobilize the LGBT community in specific geographic areas en masse. Grindr first took a step in this direction during the whole “Don’t Ask, Don’t Tell” repeal debacle. Grindr for Equality sent out a national broadcast message during that time, welcoming closeted service members to Grindr and seeing more than 5K click-throughs to the linked Servicemembers’ Legal Defense Network’s contribution page. Grindr for Equality can launch initiatives on its own, sure, but users can bring issues that aren’t necessarily on a nationally public scale to light. Grindr is looking for on-the-ground activists all over the world that can send updates on gay rights issues in their area.http://www.onlinepersonalswatch.com/new ... lity-.html
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FriendFinder Networks Nears Shorting Territory
SEEKING ALPHA - Feb 22 - FriendFinder Networks (FFN) network consists of 40K sites, with ~520M registrants, 70% above the total US population and 62% of Facebook's (FB) monthly active users. At the end of 2011, the share price was $0.60. Since then, it has nearly quadrupled, to $2.33 now. With more than 31.2M shares outstanding, the total market capitalization is $72.7M. AsiaFriendFinder.com is the largest dating site targeted towards Asians with ~34M members, whereas Amigos.com, which targets Latin Americans, has attracted 75K new members each month. As of September 2011, the company has $617M liabilities, including more than $450M long-term debt. And those long-term liabilities are used to finance $320M goodwill. The equity is a negative number, of $-119M. Potentially, with the large goodwill carried in its book, there is a very high probability that FFN has to write down its goodwill sometime in the future. When it happens, the price will begin to experience contraction. And it might be the time to begin shorting the stock.http://www.onlinepersonalswatch.com/new ... itory.html
Online Dating Start-up TwoMangoes Raises Angel Funding
VC CIRCLE - Feb 21 - Targeted at South Asians globally, TwoMangoes has launched its India operations a couple of weeks ago. TwoMangoes has raised an undisclosed angel funding from Andy Jasuja, the co-founder, chairman & CEO of Sigma Systems, an IP solutions services company. The dating portal will use the funds to scale up its user base and develop mobile and Internet apps to reach out to more people. The funds are expected to last for about a year and after that, the firm will be looking to raise series A funding of about $3M.vThe company already has a presence in the USA, Canada, the UK, Australia and the UAE.http://www.onlinepersonalswatch.com/new ... nding.html
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SawYouAtSinai Announces 700th Engagement
PRWEB - Feb 21 - SawYouAtSinai.com, the Jewish Dating and Matchmaking service, announce their 700th engagement. The couple are from England and New York. SawYouAtSinai was created in 2004 and primarily serves the Orthodox Jewish singles community.http://www.onlinepersonalswatch.com/new ... ement.html
Ashley Madison Targets Mobile Domain
DOMAINNAMEWIRE - Feb 19 - Avid Life Media, the company behind affair personals site AshleyMadison, has filed a UDRP complaint to get the domain name AshleyMadison.mobi. The domain is owned by someone in China. The registrant has listed the domain for sale on Sedo with an asking price of 10K GBP.http://www.onlinepersonalswatch.com/new ... omain.html
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SinglesAroundMe: Heterosexual Grindr
DAILYMAIL.CO.UK - Feb 17 - SinglesAroundMe is assisting more face-to-face meetings, replacing chat-up lines in bars with messages from the GPS-enabled app. Launched in 2010, 550K messages were sent between singles all over the world last year alone. Most of SinglesAroundMe's users are between the ages of 25 and 50, with the USA home to nearly a quarter of a million downloaders. The potential of the gay market is not lost on the founder, and two months ago he launched GaysAroundMe - more squarely aligned to compete with the likes of Grindr.http://www.onlinepersonalswatch.com/new ... rindr.html
Seeking Arrangement Link Young Men To Rich Men
8NEWS NOW - Feb 19 - Men simply say what they're net worth is and what monthly allowance they're willing to give. SeekingArrangement.com founder Brandon Wade started the website in 2006. A few months back, the Las Vegas-based business topped one million users. There are 10 women for every man on the site. The website says that 15% of their client base are gay and lesbian, and sugar mommy's are on the site too, looking for young men.http://www.onlinepersonalswatch.com/new ... h-men.html
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