Month: May 2018

Millennial Couples Don’t Rush Wedding

Posted on May 31, 2018

Wedding rings3NEW YORK TIMES – May 29 – Young adults not only marry and have children later than previous generations, they take more time to get to know each other before tying the knot. Helen Fisher, an anthropologist who studies romance and a consultant to the dating site Match.com, has come up with the phrase "fast sex, slow love" to describe the juxtaposition of casual sexual liaisons and long-simmering committed relationships. The eHarmony report on relationships found that American couples aged 25 to 34 knew each other for an average of six and a half years before marrying, compared with an average of five years for all other age groups. Both men and women now tend to want to advance their careers before settling down.

by Roni Caryn Rabin
See full article at New York Times

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Parship: Online Dating Is Becoming Increasingly Popular

Posted on May 31, 2018

Parship logo Sep 16PARSHIP – May 29 – According to Parship, every second German has ever searched online for love (53%). In 2017, 90% of singles actively seeking a partner using the Internet (97% of people aged 35-44 use the Internet to search for partner, vs 47% of singles aged 18-29 years old). In 2017 there were 3.5M couples who met online. This means that more than every fifth German citizen (21%) has met the current partner on the Internet. The Internet is also one of the top flirting hotspots. 33% of Germans like to flirt on the Internet.

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Whitney Wolfe, CEO Of Bumble, Appears On Tim Ferriss Show

Posted on May 31, 2018

Bumble whitney wolfe 2018TIM.BLOG – May 29 – Bumble was launched in 2014 as the only dating platform where women make the first move. In three years, the app attracted ~28M users worldwide. Tim Ferriss, the American author, entrepreneur, and public speaker, has interviewed Whitney in his latest podcasts. Listen to the interview here.

See full article at Tim's Blog

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Muslim Dating App Muzmatch Goes International With 12 Additional Languages

Posted on May 31, 2018

Muzmatch logoBDAILY NEWS – May 29 – Muzmatch, the London-based company has confirmed plans to expand internationally and add 12 languages. Set up in 2015 by former investment banker Shahzad Younas and tech entrepreneur Ryan Brodie, Muzmatch is already used by over 500K English speakers in 190 countries. Muzmatch raised a $1.75M seed investment in January and has backing from Silicon Valley-based Y Combinator and Hambro Perks. Muzmatch will launch the new app internationally in time for the Muslim festival of Eid al Fitr on June 14.

by Richard Bell
See full article at BDaily News

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Elite Mate Integrates MyLife Identity Verification & Reputation Scores Into Its Dating Profiles

Posted on May 31, 2018

Mylife logo greenPRESS RELEASE – May 30 – Elite Mate, the dating site for affluent professionals, will implement MyLife identity verification and Reputation Scores into all of its dating profiles. The integrated MyLife widget will verify user profiles, in addition to providing access to Background Reports, Reputation Scores, and personal reviews of all of its members. MyLife's platform includes compiled government, social, and public records for ~320M people in the US.

See full article at Internet Dating Newswire

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Momo Q1 Results: Revenue Up 64%

Posted on May 31, 2018

Momo logo 2018PR NEWSWIRE – May 29 – Momo's Q1 net revenue increased 64% YOY to $435M. The total live video service revenues were $371.5M, an increase of 74.8%. Net income increased to $130M. Monthly Active Users were 103M in Q1 2018, compared to 85M in Q1 2017. Total paying users of our live video service and value-added service were 8.1M in Q1 2018, compared to 7M in Q1 2017.

See full article at PR Newswire

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Study: Online Dating Lowers Self-esteem

Posted on May 31, 2018

Online-dating-sites_thumb[1]CNN – May 29 – Dating apps are only growing in popularity, with no sign of slowing. The stigma of finding a mate online is lessening. But rejection is real, even online. Being turned down stimulates the same part of the brain that processes physical pain, according to a 2011 study from the Proceedings of the National Academy of Sciences. Basically, our brains can't tell the difference between a broken heart and a broken bone. Online dating gives users many more opportunities to feel rejected faster. 1,300 (mostly) college-age students were asked about their Tinder use, body image and self-esteem. The study found that men and women who use the app appear to have lower self-esteem than those who don't. In general, Tinder users reported less satisfaction with their bodies and looks than non-users, study author Jessica Strübel wrote.

by Juliet Marateck
See full article at CNN

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Coffee Meets Bagel Raises $12M For International Expansion And Live Events

Posted on May 31, 2018

Coffeemeetsbagel logo Sep 15TECH CRUNCH – May 31 – The round, led by U.K. VC firm Atami Capital, brings the app's total up to ~$20M since launching back in 2012. Coffee Meets Bagel limits the number of matches it offers during a 24-hour window. Late last year, it expanded its offering with a video profile feature. This month, it introduced additional CMB Experiences to bring users together in the real world.

by Brian Heater
See full article at Tech Crunch

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This post also appears on InternetDatingInvestments.

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Tinder Introduces ‘Super Likeable’ For Indian Users

Posted on May 31, 2018

Tinder superlikeableDNA INDIA – May 31 – Tinder has now introduced Super Likeable that will now make it easier for users in India to spark conversation with people they're most likely to swipe right on. The feature is like a virtual wingman. Super Likeable will be available in Delhi NCR, Mumbai, Bangalore and Pune in India, and will gradually roll out to other cities as well in the near future. When users come across the Super Likeable card, they'll receive a free Super Like that they can send to one of the four profiles Tinder presents, or they have the option to skip and move on.

See full article at DNA India

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Sex Workers Hurting Dating Sites

Posted on May 31, 2018

FOSTAJEZEBEL – May 31 – FOSTA, which was signed into law by Trump in April, broadly holds online platforms responsible for any content deemed to be related to sex trafficking. It has led to the shuttering of sites used by sex workers – and "some worry that could drive the pay-for-sex market to legitimate dating platforms." Match Group likely will be fine. They have the resources to handle legal challenges and filter out potentially problematic content. Difficulties managing the risks will be faced by smaller firms or those offering matching services as part of a bigger platform.

by Tracy Clark-Flory
See full article at Jezebel

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