Month: July 2015

Jdate Sues Jswipe For Using The Letter “J”

Posted on July 27, 2015

Jdate vs jswipeFORBES – July 24 – Spark Network's Jdate discreetly filed a lawsuit late last year against Jswipe, the Jewish ‘Tinder’, claiming intellectual property over the letter “J” within the Jewish dating scene. Jdate also claims it owns the patent on software that “confidentially determines matches and notifies users of mutual matches in feelings and interests.” Jswipe, like Tinder, notifies users when their romantic interest ‘swipes right’ on their picture, violating Jdate’s patent. It is not clear why Jdate only goes after Jswipe. There are other apps using "J" including Jcrush, Jwed, Jzoog. Spark Networks refused to comment.

by Gregory Ferenstein
See full article at Forbes

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Summarized by Courtland Brooks Internet Dating Marketing Consulting

12% Of People In UK Do Not Think They Will Ever Fall In Love

Posted on July 27, 2015
DAILY MImage8AIL – July 24 - One in eight adults – mostly women – have given up on finding love, a poll has found. The main reasons for women are:
  • not feeling that there is someone out there for them (46%),
  • not meeting new people in existing social circles (45%)
  • not feeling attractive enough (41%)
For men:
  • not having a good job (27%)
  • not feeling financially comfortable (17%)

See full article at Daily Mail

Summarized by Courtland Brooks Internet Dating Marketing Consulting

Chat Apps Blamed For Rising Divorce Rate In China

Posted on July 27, 2015

Chat-appsMASHABLE – July 24 – Last year, there was one divorce for every four new marriages. While the divorce rate in China is still relatively low, it’s been on the rise for 12 consecutive years. (In the U.S., the divorce rate is declining.) People blame social media. Married men and women in China are increasingly using the popular messaging service WeChat and dating app Momo to have affairs, according to a recent report in the Chinese magazine Banyuetan. "When people get divorced and look back on what they have done, they realize it was the computer with whom they spent most of their time", said Wang Jun, a counselor at Beijing Weiqing Marriage Consultants.

by Justin Bergman
See full article at Mashable

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Parship Re-launched Its Social Discovery App One2like

Posted on July 27, 2015

One2like logoPRESS RELEASE – July 24 – Parship has relaunched its social discovery app One2like as a chat, flirt and dating community. One2like app is for users who are looking for a date, life partner or just a new friend.

See full article at Open PR

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Summarized by Courtland Brooks Internet Dating Marketing Consulting

Clover Raises $2M In Funding To Expand On-Demand Dating Business

Posted on July 24, 2015

Clover logoPR WEB – July 23 – Clover, the mobile on-demand dating service, has closed $2Mn in funding. The investment was led by New York based Social Starts with participation from a group of private investors. This brings the total investment in Clover to $4M. The company will use the funds for further expansion. Clover finds users a nearby date and suggests hotspots where the two can meet.

See full article at PR Web

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This post also appears on InternetDatingInvestments.

Summarized by Courtland Brooks Internet Dating Marketing Consulting

Instant Chemistry Calculates Romantic Chemistry Through Genetics

Posted on July 24, 2015

Instantchemistry logoFORBES – July 23 - Instant Chemistry helps couples understand the science behind their attraction. The site was founded in 2013 by Ron Gonzalez, who has a PhD in neuroscience. In the early days, Instant Chemistry worked with a dating site Singledout. They ended this partnership 8 months later. Gonzales doesn't regret. He received several emails from couples asking if they could use his test to determine whether they are a good match. Instant Chemistry’s kit tests for three Human Leukocyte Antigen (HLA) immune system genes and four behavioral genetic variants. It also includes a psychological assessment. Although the market for DNA testing for love hasn’t yet been proven, Instant Chemistry’s growing customer base gives Gonzalez high hopes.

by Maggie Zhang
See full article at Forbes

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Summarized by Courtland Brooks Internet Dating Marketing Consulting

Happn Launches In Budapest

Posted on July 24, 2015

Happn logoBBJ – July 23 – Dating app Happn has launched in Budapest. The app counts ~5M users around the world, in cities such as Paris, London, New York, Barcelona, Madrid, San Francisco, Buenos Aires, Santiago, Mexico and Sao Paulo.

by Christian Keszthelyi
See full article at Budapest Business Journal

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‘PlentyOfFish’ Acquisition Bolsters IAC’s Dating App Dominance

Posted on July 23, 2015

Iac pof logosSEEKING ALPHA – July 21 – InterActiveCorp now has complete control over the mobile dating app market in English-speaking countries. Meanwhile PlentyOfFish's mobile app is showing strong growth in Brazil, France, and Spain, strengthening IAC's position in these significant markets. Its likely POF's mobile app is generating annual revenues of ~$50 million. Badoo and LOVOO are the largest remaining worldwide competitors, and its likely POF is the #3 competitor worldwide.

SeekingAlpha estimates POF is grossing ~$40k per day, a ~30% yoy revenue growth. Annual revenue on iOS in the USA alone is ~$15 million which would make it ~15% of POF's $100,000,000 revenue. Sources suggest that IAC paid 12.8x EBITDA for POF. Mobile revenue likely comprised half POF's revenue.

by Max Lukenbach
See full article at Seeking Alpha

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Summarized by Courtland Brooks Internet Dating Marketing Consulting