Month: March 2014

“The Dating Ring” Brings A Plane Full Of NYC Brides To SF

Posted on March 10, 2014

Thedatingring logoBUSINESSWEEK – Mar 7 – On Memorial Day weekend, a plane will land in SF filled with single New York City women who are looking to find love. A startup called The Dating Ring is aiming to raise $50K to solve what it sees as a demographic dilemma: “There are tons more single women in NYC, and tons more single men in SF,” reads the company’s campaign on crowdfunding site, Crowdtilt. For $20, NYC women could win a free flight to SF. Donations of $1,250 guarantee the full package: a flight to SF, housing for four nights, three dates, two parties, and three private 30-minute matchmaking and date-coaching sessions via Skype. Bay Area bachelors can pay $20 to attend the party, or $100 for a ticket to the more refined cocktail party.

by Caroline Winter
The full article was originally published at BusinessWeek, but is no longer available.

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Spark Networks Is A Heartbreak For Investors

Posted on March 10, 2014

Sparknetworks logo new Jan 13USA TODAY – Mar 6 – Spark Networks fizzled 19% to $4.66 last week after the company said 2014 could be a tough year for ChristianMingle and JDate. Shares are down ~50% from its May 2013 peak of $9.25 a share. The company is in a proxy fight with hedge fund Osmium Partners, which has amassed a 14% stake in the company and is proposing a slate of directors and says the company needs better management.

by Gary Strauss
The full article was originally published at MarshfieldNewsHerald, but is no longer available.

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Tinder Growing Rapidly, High User Engagement

Posted on March 7, 2014

Tinder logoSEEKING ALPHA – Mar 6 – IAC is a majority shareholder in Tinder. From 100M daily profile views in August 2013, Tinder is expected to hit 1B daily profile views in April. The beauty of Tinder is its simplicity. An average user is said to spend 60 minutes per day on Tinder. It is difficult to estimate the addressable market for Tinder. The global online dating market is estimated to total ~$4B annually. Assuming that Tinder would capture 5% of this would give it $200M in annual revenue.

See full article at Seeking Alpha

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The Lulu App Allows Men To Opt-In

Posted on March 7, 2014

Lulu logoTHE DAILY BEAST – Mar 5 – Lulu, the mobile dating app for women, has changed its system to allow men to opt-in. Lulu’s official statement is “We’ve decided to be the better woman and only have guys on Lulu who are open to feedback.”

by Emily Shire
See full article at The Daily Beast

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Dutch Politicians Join Grindr To Pick Up Votes

Posted on March 7, 2014

Grindr logo new dec 13REUTERS – Two Amsterdam local politicians have uploaded their profiles to Grindr to try and pick up votes for their liberal party ahead of elections later this month. “We are very fond of new technology and new media,” said Jan-Bert Vroege, an openly gay candidate for the D66 party. D66 is a progressive opposition party, which was an early proponent of liberal policies in the Netherlands, including gay marriage, euthanasia and drug tolerance. It ranked third in the most recent national opinion polls.

See full article at MalayMailOnline

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Spark Networks Q4 Financial Results

Posted on March 6, 2014

Sparknetworks logo new Jan 13MARKETWIRED – Mar 5 – In 2013, Christian Networks grew 27%, generated $40M in revenue and constituted 58% of the company's revenue base. Q4 2013 was $17.2M, an increase of 6% YOY. Full year 2013 revenue was $69.4M, a 12% increase compared to 2012. Q4 Net loss was $3.5M, compared to a net loss of $10.5M in Q4 2012.

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

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Socialbakers Monitors Your Social Media Campaigns

Posted on March 6, 2014

Socialbakers logoRADIO.CZ – Mar 5 – Socialbakers.com is a Czech company that is selling monitoring tools and analyses that can tell companies which brands or campaigns are hitting or missing the mark or where they are running into trouble. They are monitoring all major social media sites, mostly Facebook, Twitter, YouTube, GooglePlus, including VKontakte.ru. Their customer base is global and include brands such as Nestlé, Henkel, Audi and Adidas.

by Chris Johnstone
See full article at Radio.cz

This post also appears on SocialNetworkingWatch.

Former MeetMoi CEO Joins Snap Interactive As COO

Posted on March 6, 2014

Snap interactive alex harringtonPR NEWSWIRE – Mar 5 – Snap Interactive, a company behind social discovery platform AYI.com, appointed Alex Harrington as COO. Mr. Harrington previously served as CEO of MeetMoi, a social dating mobile platform, prior to the sale to Match.com. In addition, SNAP announced the resignation of Jon Pedersen as CFO.

See full article at PR Newswire

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Avalanche Launches White Label Dating Platform

Posted on March 5, 2014

Avalanche logo feb 14PR WEB – Mar 5 – Avalanche, a company which owns and operates ~20 niche and general dating sites is launching its private label dating platform. The first site to run on Avalanche’s platform is JspaceDating.com, a joint venture with Jspace.com, a giant in the field of Jewish news, gossip, dating, and events. The second site is LegalCupid.com, a joint venture with Casebriefs.com, the largest site within the legal education field.

See full article at PR Web