The OPW/iDate Weekly News Summary.
- Attend iDate October 14-16 in London: http://www.internetdatingconference.com
- iDate Awards Nominations Now Being Accepted until Oct 31 : http://idateawards.com
- Stay informed. http://www.onlinepersonalswatch.com
- Mobile news app: http://idate2014.com/idate-industry-app.php
:~ TOP ONLINE PERSONALS WATCH NEWS ITEMS AND INTERVIEW ~:
The Dating Lounge - Samantha Danielshttp://www.onlinepersonalswatch.com/new ... rview.html
Matrimony.com Files For IPO, Aims To Raise $53.7M
REUTERS - Aug 19 - India's Matrimony.com, which runs online matchmaking sites, has filed for an IPO to raise Rs 3.5B ($53.7B). Existing investors, including US venture capital firm Bessemer Partners, will sell an additional 1.66M shares as part of the issue. Matrimony.com generated Rs 2.32B in revenue last year.http://www.onlinepersonalswatch.com/new ... -537m.html
Jiayuan Q2 Results: Operating Profit Up 12%
PR NEWSWIRE - Aug 20 - Q2 revenue was $29M, up 23% YOY. Operating income was $1.4M, 12% increase YOY. The number of average monthly paying user was 1,487,681, compared with 1,542,062 in Q2 2014. Online services contributed $18.2M, or 62.8% of net revenues.http://www.onlinepersonalswatch.com/new ... up-12.html
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Venntro Media Group Acquires Voice-dating App Revealr
PRESS RELEASE - Aug 20 - Venntro, parent company of WhiteLabelDating.com, has acquired voice-dating app Revelar for an undisclosed sum. Revealr app uses voice recording technology to connect people by their voice. If users like what they hear after listening to a 20s audio, the other user's profile is revealed. Venntro plans to take advantage of the existing technology and monetize its user base better.http://www.onlinepersonalswatch.com/new ... vealr.html
The Match Group Appoints New CFO Prior To IPO
PR NEWSWIRE - Aug 20 - Gary Swidler joins The Match Group from Bank of America Merrill Lynch where he worked for 18 years. Mr. Swidler is expected to begin in September.http://www.onlinepersonalswatch.com/new ... o-ipo.html
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AshleyMadison.com Hit With Class Action Suit
THE CANADIAN PRESS - Aug 21 - A class-action lawsuit has been established against Avid Dating Life Inc. and Avid Life Media Inc. for a massive breach of sensitive users' information. Users also paid additional fees for the website to remove all of their user data. It is alleged these users discovered that their information was exposed. The class-action lawsuit still needs to be certified.http://www.onlinepersonalswatch.com/new ... -suit.html
Why Invest In The Match Group
SEEKING ALPHA - Aug 17 - A spin off of The Match Group is in the works. The company has strong growth potential. Data from IBISWorld shows that online and mobile dating services comprise 75% of the U.S. dating services industry, followed by matchmakers (14%) and singles events (7%). A true disruptive innovation is Tinder. The app is making online dating in general more mainstream. Many analysts have doubt about Tinder's profitability. Most of young singles are not interested in paying for online dating. The fact that there is only a meager % of users who do pay should not weaken the app's profitability. Tinder is focused on younger adults but is becoming more popular among older adults while retaining current members who become older and/or directing them to other IAC's dating services. There are also more streams of revenue that the company can utilize and has discussed implementing. The purposes of the app are expanding. "We want Tinder to be the start of every new friendship, relationship, connection and business relationship", said CEO Sean Rad.http://www.onlinepersonalswatch.com/new ... group.html
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Whim Dating App Skips Messaging And Goes Straight To The Date
FORTUNE - Aug 19 - Whim, a new dating app from OKCupid alum Eve Peters, wants to get users face-to-face faster. Instead of just swiping and chatting, the app sets up actual, face-to-face dates. Users plug in when they’re free, who they like on the app, and when Whim finds two mutually interested daters, it arranges the meet.http://www.onlinepersonalswatch.com/new ... -date.html
Ashley Madison Confirms Leak Of Actual User Data
CNET - Aug 20 - The revelation by Avid Life Media follows rumors that a vast amount of data on Ashley Madison customers had been leaked online. But it's been difficult to verify the legitimacy of that data. No credit card information has leaked.http://www.onlinepersonalswatch.com/new ... -data.html
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:~ UPCOMING INTERNET DATING & DATING INDUSTRY CONFERENCES ~:
October 14-16, 2015 : London
January 25-27, 2016 : Miami (Tentative Dates)
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