Month: October 2016

German Dating Site Parship Gets Face Lift

Posted on October 3, 2016

Parship logo Sep 16PARSHIP – Sep 29 – Parship has rolled out a new website and logo redesign. The new design is modern and clean with a new "Love Check" logo, a combination of a heart and check mark.

See full article at Parship website (in German)

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Summarized by the Courtland Brooks team

Is Tinder In Trouble?

Posted on October 3, 2016

Tinder negative tweetsHEAT STREET – Sep 29 – An increasingly significant problem for Tinder is the overwhelming number of fake accounts on the app. The problem seems to have escalated in recent weeks. Another Tinder user said he almost got taken in by an automated bot that billed itself as "Tinder Safe Dating," which requested his credit card details for verification purposes but was actually out to trap the user to sign up to online porn trials at a cost of ~$100/month. Then there are escalating privacy concerns. Many remain uneasy that it's possible to pay $5 to discover if someone is active on Tinder. The app offers Tinder Plus, Tinder Social, Tinder Passport, Tinder Spotify integration and Tinder Boost. As well as product overreach, Tinder suffers from another problem that most thriving startups risk facing: consumer fatigue. Tinder's subscription model, while hugely successful with ~1M premium users, is not growing at the rate the company had anticipated.

by Tom Teodorczuk
See full article at Heat Street

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Summarized by the Courtland Brooks team

Momo’s 123% Jump Shows Big Money Hidden In Live-Streaming Boom

Posted on October 3, 2016

Momo app logoBLOOMBERG – Oct 2 – Momo's 123% Q3 return was the fourth-best among U.S.-listed stocks with market values of ~$2B. The Chaoyang-based company, which went public in New York in 2014 as China's answer to Tinder, has since expanded into the live-streaming business. The live-streaming boom in countries from Russia to India is fueled by more smartphones, cheaper bandwidth and the shift from personal computers to mobile. Momo's Q2 revenue jumped 222% from a year earlier, fueled by additional users paying for live-video service.

by Elena Popina
See full article at Bloomberg

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Summarized by the Courtland Brooks team