SPRING – July 8 – Research finds that women are more attracted to men when they are uncertain of his feelings. The test was conducted having women look at Facebook profiles, sometimes women were told the men had seen their profile and liked it, other times they were told the men rated them average, a third group did not know whether men had rated them average or highly. Women were more interested in the men who were interested in them, but the women were most interested in the men whose feelings they didn't know.
Month: July 2016
Her Goes Live On Android
Lloyd Miller Acquires Another 13,100 Shares Of Spark
ENGELWOOD DAILY – July 9 – The major shareholder of Spark Networks Inc has purchased 13,100 shares of the company for around $18,340 USD. Lloyd is trying to quietly increase his company's share, same as he did in the last 30 days. He bought another 152,387 shares worth $222,995 USD. Lloyd Miller presently possess 3.73M shares or 14.41% of Spark's market cap. Analysts await Spark Networks Inc to report earnings on August, 3. After $-0.13 actual earnings per share reported by Spark Networks Inc for the previous quarter, Wall Street now forecasts -84.62% EPS growth.
The full article was originally published at Engelwood Daily, but is no longer available.
See all posts on Spark Networks
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Match Group Hires Jared Sine As General Counsel & Secretary
PRNEWSWIRE – July 7 – Sine joins Match Group from Expedia, Inc., where he served as Vice President, Associate General Counsel, overseeing all legal aspects of Expedia's mergers, acquisitions, joint ventures and other strategic initiatives, as well as all post-acquisition legal and integration matters. Sine will lead the Match Group legal team working out of the Dallas office.
Bumble Introduces BumbleBizz
MeetMe At 4-Year High Following Skout Acquisition
SEEKING ALPHA – July 6 – MEET is still trading at a 40-70% discount to peers with similar growth rates and EBITDA margins. The company's financial leverage is powerful; ~65% of incremental revenue dollars should convert to EBITDA in 2016, and ~85% of 2016 EBITDA converts to FCF. The acquisition has raised the ceiling on how big MeetMe can be multiple fold, and investors should want to own the company while management adopts best practices across both the MeetMe and Skout app to drive improved revenue and profitability growth. MEET is attractively positioned as a pure-play investment opportunity levered to the shift in advertising dollars towards mobile devices.
Hornet Acquires Vespa, The Leading Gay City Guide
PR NEWSWIRE – July 5 – "With the acquisition of Vespa, Hornet will provide the most innovative set of apps to the 250M strong consumer segment of gay men worldwide, and will be able to extend its innovation lead by integrating gay places and events in 300 cities in 70 countries worldwide into its products." Vespa's founder and CEO Christof Wittig, who co-founded Hornet in 2011, has been appointed the new CEO, while co-founder Sean Howell is now Chairman and President of Hornet. With 15M total and 3M monthly active users, Hornet is the second largest gay social network worldwide after Grindr.
See full article at Hornet Blog
This post also appears on InternetDatingInvestments.
FTC Eyed Other Online Dating Site’s Use Of Bots
LAW.COM – July 5 – In 2014, the FTC took its first enforcement action against an online dating service, the agency faulted the England-based JDI Dating Ltd. for using fake, computer-generated profiles that lured users into upgrading their accounts. Lawrence Walters of the Walters Law Group, represented JDI Dating in the FTC investigation and described their settlement as a "victory for the company" that he attributed to the company's cooperation with federal regulators.
Ashley Madison Parent Appoints New CEO
by Maria Armental & Austen Hufford
See full article at Wall Street Journal
CEO Of Tinder Invests In Homee
TECHCRUNCH – July 5 – The home furnishing company is announcing a $5 million Series A today, funded by Peter Thiel's Founders Fund and a personal investment from Sean Rad, CEO of Tinder, and other angels, to bring total fundraising to $7.2 million. Revenue for the company has grown more than 700% in the last 10 weeks.