OPW – Nov 10 – Answer: Greg Blatt, the Chairman of Match Group. His salary was $500k in 2014, down from a cool million a year in 2013, and 2012. His total remuneration with stock awards for 2012, 2013 and 2014 totals $25 million.
A contender for the #2 spot is Sam Yagan, the CEO of Match Group. His salary is $500k but his total remuneration for 2012, 2013 and 2014 totals $12.77 million.
What do you think? Who else is at the top of the earnings tables?
Post by Mark Brooks @
BLOOMBERG BUSINESS – Nov 10 – Justin McLeod, Hinge‘s CEO, and Bloomberg Intelligence’s Paul Sweeney discuss Match‘s IPO filing and the recent trends in online dating.
See full article at Bloomberg Business
BIZBEATBLOG – Nov 10 – Match.com has rented a big block of office space across the street from NorthPark Center mall in Dallas. Match moved to Dallas from San Francisco in 1999.
by Steve Brown
See full article at The Dallas Morning News
NYPOST – Nov 9 – IAC will sell a 14% stake in Match Group to the public in an IPO later this year. The 33.3M shares will be priced between $12 and $14. At the midpoint, Match Group will raise $433M. Proceeds will go to repay debt owed to IAC.
USA TODAY – Nov 9 – USA Today sat down with Tinder CEO Sean Rad for an extended interview about Tinder. Dating app Tinder has seen ~10B matches.
FT.COM – Nov 9 – Match Group is aiming to raise as much as $433M in its IPO. The company was looking to sell 33.3M shares at a range of $12 to $14 each.
by Shannon Bond & Nicole Bullock
See full article at Financial Times
TECHINASIA – Nov 7 – LunchClick is a new dating app from a Singapore-based dating agency, Lunch Actually. It takes a few hours for users to go from downloading the app to using it. Every profile is exhaustively verified by humans to keep out creeps, fakers, and scammers. Users can’t engage in small talk via in-app chat. There’s no endless swiping either, as they only get one match a day. Instead of chat, LunchClick devised a Q&A-style interaction where matches take turns asking questions chosen from a predefined list. The app charges entry fees for singles meetup events, and will soon make money from restaurant booking fees, in-app purchases, and gifts.
by Terence Lee
See full article at TechInAsia
ADNEWS – Nov 2 – eHarmony promises ‘Better Matches, Better Dates’ in TV ad showing awkward mismatched date.
E27 – Nov 5 – India-based Doubleyou has launched Woo, a dating app targetted at 23-35-year-old urban professionals looking for serious relationships. In India, Woo claims to have ~1.7M downloads since its launch in October. The app has received an undisclosed Series A from Matrix Partners and Omidyar Network.
CNBC – Nov 5 – Tinder has changed its algorithm, to boost matches. The details will be revealed in the next few days. Tinder CEO, Sean Rad, said that the new algorithm will increase the number of matches by ~30%. According to a recent Tinder survey, 80% of users are there to find a long-term relationship. Rad said that the service was making money, with most of it coming from Tinder Plus.