OPW – May 9 – Last week I attended Grow.co's Mobile Apps Unlocked event with ~1000 marketeers. The head of Match Group's mobile acquisition spoke. See our Facebook Online Personals Watch (May 3rd) and subscribe so you don't miss important stuff. I recorded a Facebook Live video of his 5 minute speech. It was informative and inspirational.
Post by Mark Brooks @ Courtland Brooks
BUSINESS WIRE – May 8 – Total revenue climbed up 51% YOY to $20M, mobile revenue is $18.8M, up 61% YOY. Net income is $0.4M. "We made strong progress toward rolling out livestreaming video inside of the MeetMe app. Currently, three out of four MeetMe users have access to the Live feature within the MeetMe app", said CEO Geoff Cook.
See full article at The Meet Group website
by Kaitlyn Tiffany
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THE MOTLEY FOOL – May 8 – After climbing ~30% in March, shares of Momo grew another nearly 12% in April. The Chinese company has been pivoting over the past year from a dating app to a social-media platform, and it seems to be working. Momo shares are not cheap following their huge rise in the past year, trading now at ~50 times earnings. However, as the company continues to grow at astronomical rates, the stock is trading at just 20 times expected next year's earnings. If the company can keep up this growth for a few years, its stock is likely to continue climbing much higher as well.
BBC – May 8 – Users of Guardian Soulmates have been targeted with sexually explicit spam emails after their contact information was accidentally exposed on the dating site. The Guardian newspaper's publisher, which runs the service, said "human error" was at fault. The problem has now been fixed.
by Chris Baraniuk
See full article at BBC
NEWSWIRE – May 8 – Northsight Capital is acquiring Crush Mobile Apps, in an all-stock transaction. Crush Mobile, with approximately one million members, has developed a group of dating sites Latino, Israeli and African American communities. Crush will also be incorporating Northsight's "Joint Lovers" dating app, which concentrates on the Cannabis space, into its portfolio.
See full article at Digital Journal
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PRESS RELEASE – May 8 – South East Asia's largest dating company, Lunch Actually Group, has acquired Indonesia's biggest dating service, Setipe. Both Lunch Actually Group and Setipe has been targeting singles who are looking for serious relationship. Founder and CEO of Setipe, Razi Thalib, and his team will join the 110 people-strong team of associates (also known as Cupids and Transformers) at the Lunch Actually Group.
See full article at Internet Dating Newswire
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