BOSTON GLOBE – Oct 17 – The app officially debuts in Boston on Oct 26 but has already accepted 2K local founding members, a diverse group of singles from businesses, academia, the medical field, and the nonprofit sector. An Ivy League degree isn't necessary to get in, but it helps. The free app's algorithm screens applicants' Facebook and LinkedIn profiles to identify their university degrees, title and employer, preferences, size of their network, and other relevant variables.
Month: October 2016
Adult FriendFinder LFI Flaw
ITPRO – Oct 21 – A serious database vulnerability could potentially reveal usernames, passwords and other information. The suggestion of a security flaw first came from self-styled "underground researcher" 1×0123 on Tuesday night, who posted on Twitter a screen grab that suggested Adult FriendFinder has a Local File Inclusion vulnerability. FriendFinder Networks' VP and senior counsel of corporate compliance and litigation stated, "We are aware of reports of a security incident, and we are currently investigating to determine the validity of the reports. If we confirm that a security incident did occur, we will work to address any issues and notify any customers that may be affected."
by Jane McCallion
See full article at ITPro
Spark Forming Multiple Bottom Chart Pattern
CHESTER INDEPENDENT – Oct 17 – The stock of Spark Networks Inc (LOV) shows a multiple bottoms pattern with $1.38 target or 11.00% below today's $1.55 share price. The 6 months chart pattern indicates high risk for the $39.44 million company. If the $1.38 price target is reached, the company will be worth $4.34M less. Analysts await Spark to report earnings on November, 1 and expect $-0.02 EPS, up 33.33% or $0.01 from last year's $-0.03 per share. After $-0.02 actual EPS reported by Spark Networks Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
by Hazel Jackson
See full article at Chester Independent
See all posts on Spark Networks
This post also appears on InternetDatingInvestments.
KCBS Radio Interview With Mark Brooks
KCBS – Oct 18 – When you think of dating apps like Tinder, you think they are for the teens or Millenials, but more and more often it's older singles looking to swipe right or left. For a look at the changing demographic for the users of these apps, we are joined by Mark Brooks, principal consultant with Courtland Brooks.
So, how old is older?
Actually the fastest growth groups are the 25-34 and 55-64. Both groups have more than doubled over the last year or so in terms of usage on mobile dating apps.
Are there are enough older folks on there to make it worth their while?
Well, there are a lot more 25-34, but the 55+ range is the fastest growing segment.
Why do you think this is?
People are using their mobile devices more in that age group, so there is a natural progression of people warming up to the idea of meeting more friends and romantic partners.
I can see older folks going online to try and find dates, but isn't Tinder mostly known for being a hookup site?
They will graduate from this eventually, but it's very simplistic. Tinder became very successful, because it is very simple and came at just as the industry was staring to make things more complicated.
The other end of the market is more meaningful oriented dating, with eHarmony and POF positioning themselves as more serious. People will tend to want to have more meaningful relationships. There is a saying that, "men will lie about wanting a long term relationship, while women will lie about wanting a short term one," so it will really be up to the women to decide if they want to continue to use Tinder, or if they will they drive usage to the more sophisticated services.
Is it more men joining Tinder than women in the older category?
The older category runs more toward women in general. Once we get into the 50+ range, the guys tend to hide more for some reason. In the younger range we tend to see more guys, while the older range is less active.
What do you think the future will be of dating?
I don't think people want to put the time into creating a profile or answering 200 questions. They want to have it be fairly effortless. So, as I look further into the future, I think computers and all these apps we're putting little pieces of ourselves into, that we are allowing to get to know us better, they should feed into a central character profiler. Look at systems like Acxiom, which is a huge marketing database that has a lot of information gathered over the years about individuals, and companies likes Google that have also positioned themselves to know us very well. Ultimately, I think single people will demand more because they don't want to fall in love with the wrong person. So, the value will be there for them to work with the leading dating services and give them more information that will help them do better with compatibility profiling.
Tinder Boost Goes Live Worldwide
TECH CRUNCH – Oct 19 – Tinder started testing the feature in late September in Australia, and has finally decided to let it loose across Tinder's global community. Tinder Boost lets users pay $1.99 – $3.99 to have their profile bumped to the front of the feed for 30 minutes.
Trending: Dating Apps Adjust For ‘Swipe Culture’
KNOXVILLE NEWS SENTINEL – Oct 17 – Apps like Tinder, Happn and Bumble have been known to be used more for hookups. This influenced Hinge to rebrand as the "relationship app," which launched last week. Now for a fee of $7 members have access to users who are looking for more than just a hookup. Hinge refers to the new app as "Instagram profiles for dating." The app encourages conversation. When the user opens the app, they see the people with whom they have already matched, making the experience about the existing connection, not the next one.
Tinder Culture Is Killing Retail
BUSINESS INSIDER – Oct 15 – Tinder encourages endless swiping. Even when users swipe right, another new face immediately appears, providing a sense that there is always potential for an equal-or-better dating option. Likewise, the highly promotional environment in retail today has given shoppers a sense that there's always going to be another deal. This has led to a sharp decline in brand loyalty.
The Inner Circle Is Launching In New York
BUSINESS INSIDER – Oct 15 – The Inner Circle, already available in Amsterdam, London, Paris, Barcelona, Berlin, Milan, Stockholm, and Zurich, officially went live in New York City last week. The Inner Circle vets users before letting them onto its platform, focusing specifically on how successful and how attractive they are. The platform claims to have ~145k users and 125k on the waiting list.
by Sam Shead
See full article at Business Insider
CEO Of Twoo Recommends The Match Group Experience, And Introduces Video
OPW INTERVIEW – Oct 12 – It has been nearly four years since Match acquired Twoo, and a little over four months since Joost Roelandts took the reigns as CEO. According to Roelandts, the relationship with Match has proven most beneficial and has provided a wealth of resources. Twoo is also building video into its feature set. The full interview is below, as well as clips of individual questions and answers.
Key information in the interview:
- Match acquisition and relationship experience
- The transition from social media to dating
- Bringing video into online dating
Watch the entire 15 minute video interview above, or, we’ve split it up so you can just watch segments of it below.
Dating Apps Court Older, Wealthier Users
WSJ – Oct 12 – After becoming popular among college students, dating apps Tinder, Happn and The League are now welcoming singles in their late 30s and beyond. The reason? Their money. People 35 and older contribute 30% of The League's revenue, though they make up only 20% of its users. "Once you've stocked the shelves, you can start monetizing," said Mark Brooks, CEO of Courtland Brooks, a company that helps dating companies with business development. Daters aged 35 and up, he says, "know what they want and are willing to pay for it." In the US, recurring payments bring in more than 80% of the dating industry's $2.6B in annual revenue, according to Mr. Brooks's estimates. The League's revenue jumped 10% when the company allowed users over 40 to purchase memberships. Tinder charges users 30+ twice what it charges younger users for premium features.
by Georgia Wells
See full article at Wall Street Journal
See all posts on Tinder
See all posts on Happn
See all posts on The League
