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Month: June 2018

MillionaireMatch.com Introduces New “Recall” Feature For Love Gone Wrong

Posted on June 18, 2018

Millionairematch screenshot mar 15FORBES – June 18 – MillionaireMatch.com has been in the business since 2001. Technical Manager, Carl Feng and Customer Experience Manager, John Martinuk gave insight on where MillionaireMatch is headed in order to stay competitive.

Q: How does MillionaireMatch stand out from the competition?
A: We cater specifically to successful and attractive people, and help them find a match on the same page and with similar lifestyles. We provide the ability for our members to verify their income and photos proving they are who they claim to be.

Q: What can you tell me about the algorithm to help singles find love? How has it changed over the years?
A: We are using AI technology to improve our recommendation system.

Q: A lot of new apps have incorporated the "swipe left or right" feature. Do you see MM doing this in the future?
A: I really like that feature, because it's simple. We may have that feature available soon.

Q: You recently added a the feature "Recall". Can you talk about that?
A: The "Recall" feature allows members to recall any sent messages, photos, and even entire conversations. They just need to press on the message and hit "Recall" when they change their mind.

by Joresa Blount
See full article at Forbes

See all posts on MillionaireMatch

Summarized by the IDEA team

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Dating App Ohlala Plans To Raise $100M Through An ICO

Posted on June 18, 2018

Ohlala screenshot june 2018EU STARTUPS – June 15 – Ohlala, the paid dating app startup from Berlin, is planning to expand internationally with the help of a $100M ICO. The token sale will start in autumn of this year and will be live for 2-3 months. With the funds, Ohlala CEO Pia Poppenreiter and her team are planning to build a next generation paid dating platform with consent at its heart. Founded in 2015, Ohlala instantly enables men to go on paid dates with women.

by Thomas Ohr
See full article at EU Startups

See all posts on Ohlala

This post also appears on InternetDatingInvestments.

Summarized by the IDEA team

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Post Conference Review Of The iDate LA Event

Posted on June 17, 2018

OPW – June 17 – iDate Los Angeles was Tue/Wed last week and focused on A.I. Here's a discussion between Steve Dean, IDEA, and some of the attendees.

Post by Mark Brooks, CEO IDEA

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Crown, A New App From Match Group, Turns Dating Into A Game

Posted on June 17, 2018

Crown logo screenshotTECH CRUNCH – June 16 – Crown is the latest dating app from Match Group, thought up by Match Product Manager Patricia Parker, who met her husband online. Crown won Match Group's internal "ideathon," and was then developed in-house by a team of millennial women, with a goal of serving women's needs in particular. Every day at noon, users are presented with 16 curated matches, picked by some mysterious algorithm. They move through the matches by choosing who they like more between two people at a time. The screen displays two photos instead of one, and users "crown" their winner. This process then repeats with two people shown at a time, until they reach their "Final Four." Those winners are then given the opportunity to chat, or they can choose to pass. Crown has been live in a limited beta for a few months, but is now officially launched in L.A. with more cities to come. The app is a free download on iOS only for now. An Android version is coming, the website says.

by Sarah Perez
See full article at Tech Crunch

See all posts on Match Group

Summarized by the IDEA team

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Here’s How Snapchat Will Work With Tinder On Its New Developer Platform

Posted on June 14, 2018

Tinder snapchatADAGE – June 14 – Snapchat's new developer platform that allows it to integrate with outside apps like Tinder, Postmates and Patreon, is going live this week. Now daters on Tinder will be able to flirt with Bitmojis. Postmates will let people share delivery information to friends inside Snapchat. Snapchat built four "kits" that will open the messaging and media app to outside developers. Snapchat's platform will let people sign into participating apps using their Snapchat accounts. Tinder is jumping on Bitmojis, the cartoonish emojis that people customize to look like themselves. So, now Tinder users on Snapchat will be able to message one other with their Bitmojis.

by Garett Sloane
See full article at AdAge

See all posts on Tinder

Summarized by the IDEA team

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Grindr’s Publication ‘INTO’ Launches LA Production Studio For LGBTQ+ Creators

Posted on June 14, 2018

Into iconBILLBOARD – June 14 – INTO, dating app Grindr's digital publication, has opened up a production studio in Los Angeles' West Hollywood neighborhood, as part of a new initiative to provide LGBTQ+ content creators alternative route to mainstream publishing platforms. Videographers, advertisers, and other media companies can produce photos and videos. INTO will not charge the creators but reserves the right to publish the videos on its own site. That way, the publication can sell ad space on these videos.

by Henry Youtt
See full article at Billboard

See all posts on Grindr

Summarized by the IDEA team

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Mobile Will Drive 72% Of Growth In Online Video Ad Spend

Posted on June 14, 2018

Forrester research logoMOBILE MARKETER – June 14 – Mobiles will be the primary driver of video ad growth in the next five years according to a study by Forrester Research shared with Mobile Marketer. Mobile is forecast to account for 72% of the growth in spending on online video advertising, while its share of the online video ad market will grow from 50% this year to 59% by 2023. Smartphone users are becoming more comfortable with viewing online video as the share of mobile screens that measure at least 4.5 inches increases, per Forrester.

by Robert Williams
See full article at Mobile Marketer

Summarized by the IDEA team

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Taiwan’s M17 Entertainment Postpones New York IPO

Posted on June 13, 2018

Nyse m17TAIWAN NEWS – June 13 – Live streaming and dating app group M17 Entertainment is postponing its IPO on the New York Stock Exchange (NYSE) as it had obtained $35M in private capital. M17 said the new round of funding would allow the company to remain private as well as "lively" and flexible, while continue to expand its business in Asia. The new funds came from Infinity Venture Partners of Japan, Convergence Ventures of Indonesia, and Majuven Capital and Global Grand Capital of Singapore.

by Matthew Strong
See full article at Taiwan News

See all posts on Paktor

This post also appears on InternetDatingInvestments.

Summarized by the IDEA team

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Venntro To Be More Upfront About How It Shares Personal Info

Posted on June 13, 2018

Venntro logoGOV.CO.UK – June 13 – Venntro Media Group, which has ~55M users worldwide and supplies online dating services through ~3.5K sites, has been investigated by the Competition and Markets Authority (CMA) over how it used people's personal data. Venntro operates dating sites on behalf of major media outlets and other organisations, including both general and niche sites. The CMA discovered that people who signed up to Venntro's sites were often unaware their information would be stored in a central database and that their profiles might be visible on other dating sites. Some people signed up for sites featuring explicit adult content without realising that they were doing so. As a result of the CMA's investigation, Venntro has made legally binding commitments to make it clear to people before they sign up that it will share their information on other sites and obtain their full agreement to do this. In addition to this action against Venntro, the CMA has sent warning letters to 14 other dating sites and apps demanding they review their terms and practices to ensure they are fair and comply with consumer protection law. Together with the UK's privacy regulator, the Information Commissioner's Office (ICO), the CMA has published advice for online dating businesses to explain how to fully comply with both consumer and data protection laws.

See full article at Gov.co.uk

See all posts on WhiteLabelDating

Summarized by the IDEA team

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Live-streaming Video Helped Momo Surpass $10B In Market Value

Posted on June 13, 2018

Momo app logoSCMP – June 13 – Momo, whose net income rose 60% to a record $129.9M in the March quarter, now has a higher market capitalisation than Sina Corp. Momo's share price increase almost fourfold since its IPO in Dec 2014, when its shares sold at $13.50 each. That pushed up Momo's market capitalisation to $10.8B. Snapchat, by comparison, has a market value of $16.6B. Launched in 2011, Momo started as a hook-up app for young Chinese people. The company entered China's live-streaming market in Nov 2015 after spotting the shift to video as a new medium for young people to interact and share content. Live streaming video has enabled Momo to make social networking more diverse in the app. In the past few years, Momo has introduced karaoke, audio chat room, short video and a collection of interactive social games, including popular party game Werewolf, to its users. A recent Deloitte report forecast the Chinese live-streaming market to have viewer numbers topping 456M this year. Tantan, the rival Tinder-like online dating app acquired by Momo last month, is expected to be the company's new growth engine, according to Momo.

by Iris Deng
See full article at SCMP

See all posts on Momo

Summarized by the IDEA team

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