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Badoo Built A Billion-pound Social Network… On Sex

Posted on May 5, 2011

Badoo logo WIRED.CO.UK – Apr 25 – – Apr 25 – Badoo is a 120M-member social network that's adding ~300K users a day. Its Facebook's fastest-growing app, with 570K new daily users, making it the 3rd biggest app, after FarmVille and CityVille. Still barely registering in Britain or the US, the free network is a mass phenomenon in Brazil (14.1M members), Mexico (9M), France (8.2M), Spain (6.5M) and Italy (6M). Andrey Andreev founded Badoo and highly profitable Russian internet businesses: Mamba, SpyLog, Begun. Badoo launched in 2006 in Spain, where Andreev was living, as a photo-sharing site. The site wasn't generating revenue, but was growing sharply. In 2008, Andreev refocused the site on meeting new people. He introduced premium services. You could pay a dollar or euro to "rise up" the search results. In 2009, the site had 48M users and 20% were paying to boost their profile. Badoo Mobile launched on the iPhone and Android and was downloaded 1.5M times in 8 months. Forbes Russia put Andreev in the top 30 successful businessmen in Russia.

by David Rowan
See full article at Wired

Mark Brooks: $2 billion! Kthud! (fell off chair). There's hope and money and prospects left in the idating industry yet. 😉

See all posts on Badoo

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6 thoughts on “Badoo Built A Billion-pound Social Network… On Sex”

  1. Anton's avatar Anton says:
    May 5, 2011 at 7:59 pm

    sounds like a lot of hot air. I would like to see their audited figures first, before I will beleive in all this. I bet the true numbers are at least 10 times smaller what is declared.
    and Russian pre-crisis valuations, you could describe all of them with simple saying “easy come, easy go”, just look no further than prices of real estate in Moscow.

    Reply
  2. Anton's avatar Anton says:
    May 5, 2011 at 7:59 pm

    sounds like a lot of hot air. I would like to see their audited figures first, before I will beleive in all this. I bet the true numbers are at least 10 times smaller what is declared.
    and Russian pre-crisis valuations, you could describe all of them with simple saying “easy come, easy go”, just look no further than prices of real estate in Moscow.

    Reply
  3. rkotuszewski@hotmail.com's avatar rkotuszewski@hotmail.com says:
    May 10, 2011 at 12:56 am

    Clearly Badoo has forgotton to understand the value of security of information. I was advised over a week ago that my name was on Badoo and that i was entering the site and that it had 22 photos of me posted ! Amazing as i have not accessed Badoo. I have written to Badoo already a few times since i was informed – and yet to receive even acknowledgement that someone is investigating at Badoo !

    Reply
  4. rkotuszewski@hotmail.com's avatar rkotuszewski@hotmail.com says:
    May 10, 2011 at 12:56 am

    Clearly Badoo has forgotton to understand the value of security of information. I was advised over a week ago that my name was on Badoo and that i was entering the site and that it had 22 photos of me posted ! Amazing as i have not accessed Badoo. I have written to Badoo already a few times since i was informed – and yet to receive even acknowledgement that someone is investigating at Badoo !

    Reply
  5. TimelessVision's avatar TimelessVision says:
    August 23, 2011 at 4:47 pm

    Please be advised:
    (1) Badoo asks for your facebook, yahoo or hotmail account username/password upon signing up. This is a breach of your security and a very deceptive attempt at data mining.
    (2) They also ask you to download ‘Badoo Desktop’ so you can view who’s ‘Online Now’. This software graphically shows viewers your pinpoint location in your city. This download/install is required in order to view who’s ‘Online Now’. Another major breach of security. What possible reason would you want to show a complete stranger, stalker or creep your exact location on a map?
    (3) Finally, if or when you close your account, you will continue to receive spam emails from Badoo. This is well after deleting your account, claiming that people want to connect with you. This spam is uncalled for.
    Whether Andrey Andreev is responsible for the points I mentioned above is unknown. Yet, I’m sure he’s certainly aware. Thus, I can only recommend one course of action. Don’t touch Badoo with a 10-foot pole. These deceptive practices and clear breaches of your security are devious indeed.

    Reply
  6. TimelessVision's avatar TimelessVision says:
    August 23, 2011 at 4:47 pm

    Please be advised:
    (1) Badoo asks for your facebook, yahoo or hotmail account username/password upon signing up. This is a breach of your security and a very deceptive attempt at data mining.
    (2) They also ask you to download ‘Badoo Desktop’ so you can view who’s ‘Online Now’. This software graphically shows viewers your pinpoint location in your city. This download/install is required in order to view who’s ‘Online Now’. Another major breach of security. What possible reason would you want to show a complete stranger, stalker or creep your exact location on a map?
    (3) Finally, if or when you close your account, you will continue to receive spam emails from Badoo. This is well after deleting your account, claiming that people want to connect with you. This spam is uncalled for.
    Whether Andrey Andreev is responsible for the points I mentioned above is unknown. Yet, I’m sure he’s certainly aware. Thus, I can only recommend one course of action. Don’t touch Badoo with a 10-foot pole. These deceptive practices and clear breaches of your security are devious indeed.

    Reply

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