Month: March 2013

Foreign Businesses In Cyprus Grind To A Standstill

Posted on March 26, 2013

Avidlifemedia logoINTERNATIONAL HERALD TRIBUNE – Mar 25 – Avid Life Media, the Canadian-owned operator of AshleyMadison.com, set up an office in Cyprus as a base for its international operations. Sure, the Avid Life Media executives were aware that a banking crisis was brewing, but they were assured in part by a promise from President Nicos Anastasiades when he was elected in February that he would soon arrange an equitable bailout with the international organizations that have guided the euro zone through four previous bailouts while keeping bank depositors whole. “We went from paradise to hell in a minute,” said Keith Lalonde, Avid Life Media’s top executive.The Cypriot government had just declared it would seize ~10% of the $2.6M, the company had on deposit in Cyprus.

by Alexandros Demetriades
The full article was originally published at Gnom News, but is no longer available.

Mark Brooks: Looks like that could be as much as 40% now.

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Shares In Cupid Crash Amid Concern Over Tactics

Posted on March 22, 2013

Cupidplc logo new dec 12HERALD SCOTLAND – Mar 22 – Shares in Cupid have plunged by 40% today as the company was again mired in allegations about the way it entices customers to subscribe. Cupid, which operates sites such as Be Naughty and Girls Date for Free, has faced allegations that customers have been lured into subscribing to its sites after receiving messages from users who later disappeared. Cupid confirmed to investors that it employed a “motivation team” of 24 people. But it insisted that it does not communicate with members operating under free access. The company said it does contact new paying subscribers “to help them get the most out of the site”.

by Tim Sharp
See full article at Herald Scotland

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LoveFlutter Uses Google’s Knowledge Graph To Suggest Matches

Posted on March 22, 2013

Loveflutter logo new apr 15MASHABLE – Mar 22 – LoveFlutter is a new dating site that helps you find people who share the same interests. It is powered by Google’s Knowledge Graph and uses Foursquare to suggest ideas for first dates. It is the first dating site with interest-matching powered by Freebase.com, which is part of Google’s Knowledge Graph.

by Veena Bissram
See full article at Mashable

WhiteLabelDating.com Powers 10K Sites

Posted on March 22, 2013

Whitelabeldating logoPRESS RELEASE – Mar 22 – WhiteLabelDating.com has launched their 10,000th site on the platform, shortly after welcoming their 20 millionth member on Valentine’s Day. Launched in 2003, WhiteLabelDating.com offers a platform for brands and individuals to power their own dating sites that currently includes The Independent, Evening Standard, Bauer Media and Dennis Publishing as partners.

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Are You Interested? Is Now AYI

Posted on March 20, 2013

AYI areyouinterested logo new march 13PR NEWSWIRE – Mar 20 – SNAP Interactive has acquired the domain name ayi.com and has started rebranding its flagship AreYouInterested.com social dating platform as AYI. SNAP also announces potential acquisitions of mobile development resources.

The full article was originally published at Reuters, but is no longer available.

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Coffee Meets Bagel Launches In Washington DC, LA And Chicago

Posted on March 20, 2013

Coffee meets bagel logoTHE NEXT WEB – Mar 20 - Coffee Meets Bagel a dating site that asks a few light questions and provides a daily match (or “Bagel”) based on its members’ friends-of-friends on Facebook, has passed 640K matches. The site is now launching in Washington DC, LA and Chicago.

by Harrison Weber
See full article at The Next Web

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Tricked Woman Sues Baihe

Posted on March 20, 2013

Lawsuit newPEOPLE'S DAILY ONLINE – Mar 20 – A woman took Baihe, one of China's largest online matchmaking sites, to court after the "high roller" she met online turned out to be a married man. There is currently nothing in Chinese law that would require dating services to verify the marital status of registered members.

See full article at People's Daily Online

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Online Dating Market Research Report From IBISWorld

Posted on March 19, 2013

Ibisworld logoPR WEB – Mar 16 – The Dating Services industry has performed well during the five years to 2013. Revenue gains averaged 2.9% per year to reach $2.0 billion in 2013. IBISWorld estimates that the number of companies in the Dating Services industry increased at an average annual rate of 3.1% to 3,898 in the five years to 2013. Employment expanded as well, rising at an average rate of 3.1% per year to an estimated 7,376 employees in 2013.

See full article at PR Web

Move To Block Sugar Daddy Dating Website

Posted on March 19, 2013

Seekingarrangement logoSCOTSMAN – Mar 19 – Members of the University and College Union (UCU) will this week use their annual congress to call for a joint campaign to end what they call sexual exploitation by websites which connect female students with “benefactors”. SeekingArrangement claimed to be growing in popularity in Scotland, adding Edinburgh University to its “top 20 fastest growing sugar baby schools” in the UK. The website said there had been a 222% increase in female student sign-ups from the university since April 2012. “According to the site, the average female university student using the site receives £5K per month from their ‘benefactors’.

by Chris Marshall
See full article at Scotsman

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SNAP Interactive Q4 2012 Financial Results

Posted on March 18, 2013

Snapinteractive logoPR NEWSWIRE – Mar 15 – SNAP's AreYouInterested App has relaunched as AYI, a social dating site. Q4 Revenue decreased 28% to $4M compared to $5.5M in Q4 2011. Net loss was $0.3M in Q4 2012 compared with a net loss of $1.5M. SNAPwe began to increase their marketing spend to drive new users to AYI.

The full article was originally published at Ein News, but is no longer available.

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