PR NEWSWIRE – Aug 12 - Snap Interactive reports higher revenues (up 9% to $3.5 million over comparable 2013 period, and by 5% on a sequential basis), reduced net loss (~$260 thousand, an improvement of ~$1.2 million YOY, and $0.7 million sequentially), and positive adjusted EBITDA ( ~ $62K, an improvement of ~ $1.2 million YOY, and $0.8M sequentially) for the quarter ended June 30, 2014.
The full article was originally published at CNN Money, but is no longer available.
NY TIMES – Aug 12 – Services like LinkedUp and "Elevated Careers by eHarmony" are blurring the lines between professional networking and online dating. LinkedUp is a new service, not affiliated with LinkedIn, that uses the LinkedIn network to look for potential dates, while eHarmony has decided to deploy its expertise to match job seekers with potential employers. Many social networks designed for other purposes are now being mined for their dating potential turning the web into what writer James Bridle calls "a universal dating medium".
WEBWIRE – Aug 12 – Mark Brooks, CEO of Courtland Brooks and Publisher of Online Personals Watch will give his annual "State of the European Dating Industry" presentation this September at the 2014 iDate Convention and Summit in Cologne. The session will discuss the most popular European dating apps and sites, mobile dating trends, the marketing trends, and a review of business models for Euro dating.
TECH CRUNCH – Aug 12 – The former head of engineering at Amazon for the AppStream product, has recently joined Tinder as VP of engineering. Heinz will lead a team of engineers at Tinder to address the speed with which Tinder serves up relevant matches, as well as handling the constant stream of new users to the network. The hire comes at a time when Tinder is under a lot of scrutiny following a sexual harassment scandal. ValleyWag reports that Benchmark is looking to invest between $50 and $75 million into Tinder at a valuation as high as $1 billion.
RELEASEWIRE – Aug 11 - Dating Factory has added the Motorsports Dating niche to their private label platform to allow partners to tailor dating sites to the millions of speed enthusiasts around the world.
The full article was originally published at EIN NewsDesk, but is no longer available.
NEXT BIG WHAT – Aug 11 - TrulyMadly has launched a new android app with a hot-or-not style of functionality. The company boasts a profile verification system, that assigns a Trust Score to encourage users to further authenticate profiles, and a Values and Adaptability Test, that depict users views on lifestyle preferences and potential partners. An iOS version of the app is set to launch in October.
The full article was originally published at The Next Big What, but is no longer available.
OPW – Aug 11 – Spark Networks published their Q2 results earlier today: Revenue of $15.75M (-10.4% Y/Y) and a net loss of $1.1M, or -$0.05 per share. The company has also announced that Greg Liberman will be leaving his position of CEO, effective today. Chairman Michael McConnell will take over the role of executive chairman while Spark looks for a new CEO.
PR WEB – Aug 11 – London based dating event organiser, Original Dating, launches Mixeo, a mobile app clients use to record who they have met and who they liked at the company’s speed dating and social events. After meeting, users locate each other’s Mixeo profile and select their level of interest, the following day the app generates a list of mutual matches eliminating any chance of rejection during the event. With every recorded meeting, users are entered to win drinks and other sponsored prizes to be claimed at the event. Mixeo dating events take place at venues across London with up to six events weekly. The company plans further expansion in the capital with nationwide expansion planned for winter 2014.
STYLEITE – Aug 11 – By answering a series of faceless personality questions, Willow members engage in real conversations before sharing photos. The company prides itself on “putting the social back in social media,” and challenges users to base their opinions on personalities rather than photos. As the company explains, “A good relationship begins with a good conversation. A good conversation starts with a good question.”
AUSTRALIAN ASSOCIATED PRESS – Aug 11 – Following reports that 43 Australians have lost more than $100,000 each this year, with some victims sending more than $1m overseas over several years, the Australian Competition and Consumer Commission (ACCC) is joining forces with government anti-money laundering agents to implement an alert system for suspicious cross-border money transfers. Upon receiving an alert from the Australian transactions reports and analysis centre, the ACCC will contact suspected victims with warnings to stop sending money.