The OPW/iDate Weekly News Summary.
- 50th iDate Dating Industry Conference in London October 2-4 2017http://idate2017.com
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:~ TOP ONLINE PERSONALS WATCH NEWS ~:
Momo Delivers Strong Results, But Stock Plunges
INVESTORS BUSINESS DAILY - Aug 23 - China social app developer Momo delivered a strong Q2 earnings report this week but the stock plunged as expenses soared. The revenue rose 214% YOY to $312.2M, beating the consensus of $286M. But Momo said that expenses jumped 189% YOY to $246M. The increase was attributed to higher revenue sharing with broadcasters related to Momo's live video. It also attributed the higher costs to an increase in marketing and promotional expenses to enhance brand awareness, attract users and promote its live video service, among other reasons. Momo shares plummeted more than 20% to close at 36.02 on the stock market today.http://www.onlinepersonalswatch.com/new ... unges.html
Matrimony.com To IPO In September
FINANCIAL EXPRESS - Aug 25 - Matrimony.com which runs the online matchmaking website BharatMatrimony.com, is likely to launch its Rs 500 crore ($78M) IPO early next month. Proceeds from the issue will be used for advertising and business promotion activities, purchase of land for construction of office premises in Chennai, repayment of overdraft facilities and general corporate purposes. Matrimony had filed its draft IPO papers in August 2015. However, the company did not go ahead with the plan.http://www.onlinepersonalswatch.com/new ... ember.html
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With the recent data breaches of several online dating sites and millions of credit card numbers and personal information being released, your company's fraud strategy will likely be tested. Join us for a 30-minute discussion where we'll cover fraud prevention strategies and technologies specific to the online dating space. http://info.kount.com/webinar/kount-for ... ing-social
JigTalk Secures Investment From UK's Leading Mobile Tech Group
PROLIFICNORTH - Aug 21 - JigTalk, the dating app that puts personality first, has received investment from Apadmi Ventures, the investment arm of the UK's leading mobile technology group. On JigTalk, sixteen jigsaw pieces initially cover each user's face before popping away as messages are exchanged. The app was soft-launched in February 2017 and already has 10K users after launching in four cities including Manchester. Last month they became the first UK start-up to be accepted into Nasdaq's Entrepreneurial Centre in San Francisco.http://www.onlinepersonalswatch.com/new ... group.html
Why Bumble Doesn't Need To Settle For Match's $450M
MASHABLE - Aug 25 - Bumble has recently turned down a $450M acquisition offer from Match Group. For Bumble, there's no need to settle at this stage. The app is profitable and growing, adding 50K users a day. Last week, the team moved to a new office in Austin. Bumble has 70 employees worldwide with offices in London, Australia, and Germany and plans to open one in New York City next year. The company will release an app redesign in the fall, where users can swap between Bumble for dating, Bumble BFF for friendship, and Bumble Bizz for networking. Bumble CEO Whitney Wolfe has an intriguing founder story and unique product that lands her and her company stories in major media outlets.http://www.onlinepersonalswatch.com/new ... -450m.html
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Tinder Represents A Third Of Total PMC In MTCH As Reported In Q2
SEEKING ALPHA - Aug 25 - Tinder has ~50M monthly users but only 2M are PMC. Match Group total PMC is 6M. Match Group revenue comes mainly from paying customers, indirect revenue from ads generates ~3% of the total revenue. Recently Tinder introduced a new feature that places ads with a similar format as regular user profiles. The ads appear among the deck of possible matches that the users swipe right or left. The ads are targeted for each user thanks to an agreement with Facebook and appear every 20 or 30 swipes or so. This feature will allow Tinder to monetize from non-paying users which represent the majority of the Tinder base.http://www.onlinepersonalswatch.com/new ... in-q2.html
Google To Ban Premium International Dating Sites
OPW - Aug 20 - Google has just updated its Adult content Adwords policy. From this September, mail-order bride sites, international marriage brokers, and romance tours will be prohibited from advertising on Adwords. Those affected by this change received a 2-month notice that this category was under review. However, Google did not provide any information how the policy will be implemented. "Seriously, Google has no concern for the impact on many businesses supporting 1000's of jobs [legitimately] and intends to categorize 100's of perfectly moral and ethical business without a rational basis of implementing such policies', said Elena Petrova, CEO of Elenasmodels.com.http://www.onlinepersonalswatch.com/new ... sites.html
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Why The Meet Group Is Down 28% This Year
THE MOTLEY FOOL - Aug 25 - It's been a pretty rough 2017 for The Meet Group's shareholders, as the stock's year-to-date decline approaches 30%. The problem is Meet's rising operating costs, which increased 62% YOY. The largest component included sales and marketing expenses, which skyrocketed 121% during the period. Meet's share price is likely to remain volatile. The bigger long-term issue is that the company is trying to carve out its niche in a crowded space - and it lacks any unique competitive advantages to fend off the competition.http://www.onlinepersonalswatch.com/new ... -year.html
Dating App Mamba Aims To Boost Russian Voter Turnout
BBC.COM - Mamba is attempting to boost voter turnout in the upcoming elections by finding users an election "date". The app has introduced a feature called "Voting Together" for users to find an election "date". Users swipe through pictures of fellow users, and answer questions such as: "Would you go to vote with her (him)?" If two users say "yes", they receive a message saying, "It looks like we like each other. We can go to vote together on 10 September."http://www.onlinepersonalswatch.com/new ... rnout.html
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