MARKETWIRED – July 15 – New features include: Boost (profile shown 2x more often), Optimize (a photo review), Passport (ability to change search location), and Super Swipes. The upgrade is available on both IOS and Android mobile platforms for only $18/month.
Month: July 2016
Match Group Reevaluating User Base
SEEKING ALPHA – Jul 14 – Tinder plans to make the app more transgender friendly. The app will expand the user selection from male/female to include a comprehensive list that would be more in line with the transgender community's requirements. Tinder also announced recently that it will close its operations for the under 18 age group. Tinder expects the change to impact less than 3% of its user base. The company believes that the change in the policy is needed for it to be more responsible to the community. Its stock is currently trading at $15.76 with a market capitalization of $3.78B.
by Sramana Mitra
See full article at Seeking Alpha
German Federal Court Facilitates Easier Termination Of Paid Subscriptions
SUEDDEUTSCHE – July 14 – The Supreme Court makes it easier for customers of dating portals and other Internet services, to terminate paid subscriptions. The Bundesgerichtshof (BGH) has decided: pure online services should not insist on a termination letter, an e-mail should usually suffice.
by Wolfgang Janisch
See full article at Sueddeutsche
Match Group CFO Of Dating To Resign
The full article was originally published at Street Insider, but is no longer available.
Weepo Raises $2M
NEWSWIRE – July 13 – "This 2 million dollar investment is going to increase our exposure with singles, which will result in more downloads," said Weepo founder, Roy Lugasi. "We are already one of the fastest growing mobile apps and with Google promoting our app with their network, we are growing organically."
See full article at Digital Journal
This post also appears on InternetDatingInvestments.
Online Dating Words Reveal Party Affiliation
COSMOPOLITAN – July 13 – OkCupid analyzed the words on 190K user profiles and lined them up with their political leanings and answers to dating survey questions. Conservatives post more about the outdoors and shooting ranges, and like Frank Sinatra, John Mayer, and George Strait. They're more likely to say they like all music "except rap," and love John Wayne and Clint Eastwood. Liberals more frequently write about museums, yoga, and crying, and love Kendrick Lamar and hip-hop. Conservatives interested in sex are more likely to write about steak, grilling, and write the word "firearms," while conservatives more interested in love write about Dr. Pepper and the word "guns." Liberals who want sex write the word "booze" more, while liberals who are seeking love write about avocados and vegetarian food.
Whitney Wolfe’s Bumble Success Following Tinder
FORBES – Jul 13 – The cofounder of both Tinder and Bumble explains why failure can be "a huge propeller toward success." "I've experienced failure in almost every area of my life," said Wolfe. "If you've failed, you've had opportunity, and that's something to be grateful for … Failure's a marker of success in it's own right because you went out and tried something." At 7 million registered users in less than 2 years since its launch, Bumble empowers women to make the first move.
Sam Yagan Takes The Helm At ShopRunner
CHICAGO TRIBUNE – Jul 12 – Yagan stepped down from running Match Group in December 2015 and joined the company's board as vice chairman. He replaces Scott Thompson, who for four years was CEO of ShopRunner. The company is headquartered near Philadelphia in Conshohocken, Penn., and has offices in San Mateo, Calif. They plan open a Chicago office, Yagan said. ShopRunner gives members free two-day shipping, free returns and special deals at partner shopping sites including Lord and Taylor and Drugstore.com. Annual memberships cost $79, while some American Express customers receive complimentary memberships.
Nominations Open For The 8th Annual iDate Awards
WEBWIRE – July 12 – Nominations are now open to the public for submission at www.iDateAwards.com until October 31. There is no cost to participate and self-nominations are accepted. The awards ceremony is scheduled for the night of January 26, 2017 in Miami. It occurs during the 47th international iDate Internet Dating Conference, currently scheduled for January 25-27, 2017.
Coffeepass App: Dating With Friends
by Saloni Gajjar
See full article at India.com