ASKMEN – July 19 – Zoosk surveyed 9k of its members and analyzed 133k dating messages to figure out the relationship between alcohol and dating. It found that 72% of the daters on its site consume alcohol compared to 64.8% of the general adult U.S. population, indicating that singles really do drink more than everybody else. It could be due to how common going out for a drink is when you're dating someone. Nearly three in four daters said going out for a drink is a good dating idea. And according to 32% of non-drinkers, dating is tougher when you're sober.
Month: July 2018
Match Group CEO: Facebook Is No Threat To Us
FORTUNE – July 19 – Mandy Ginsberg has had an interesting first year as CEO of Match Group. She recalled the moment she learned that Facebook had entered the dating arena. She had just finished preparing remarks for an earnings call, when her phone began blowing up with the news. "The stock started dropping a dollar a minute," she recalled. "I just threw all my prepared remarks away and started over." Ginsberg feels confident that the mostly young love-seekers don't want to be dating on the same platform where their parents hang out.
by Ellen McGirt
See full article at Fortune
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The App Inclov Changing The Dating Scene For India’s Disabled People
BBC – July 18 – In India, people with disabilities are often invisible in day-to-day life, despite numbering tens of millions. The country is notoriously disability-unfriendly, in terms of infrastructure, attitudes and policy. Many families who have children with disabilities rarely take them out in public, as it is seen as a source of stigma and shame. Dating app Inclov gives people with disabilities more opportunities to socialise. The idea for Inclov was born after Shankar Srinivasan and Kalyani Khona decided they wanted to "do something in the matchmaking space" and realised very quickly that no-one was thinking about people with disabilities. They began with an "offline" agency called Wanted Umbrella which evolved into a static site and then a mobile app. They raised money through a crowdfunding campaign where they were able to raise 615k rupees (£6,976; $8,998) to hire an app developer. They have carried out ~50 other events in cities across India, including Mumbai, Bangalore, Ahmedabad, Kolkata and Jaipur. The last event had ~50 people in attendance.
Grindr Sets Up Office In Taiwan
You Can Now Use Bitmoji To Flirt On Tinder
MASHABLE – July 17 – Tinder is beginning to roll out Bitmoji integration to users in the US and Canada. With the change, Tinder users who are also on Snapchat can connect the two apps in order to bring their Bitmoji stickers to Tinder's in-app chat.
Ashley Madison Leader Ruben Buell Explains The Positive Side Of Adultery
DALLAS OBSERVER – July 17 – Ruben Buell, president of Ashley Madison, says the site isn't as bad as some in the media have portrayed it. It's not breaking up marriages and families, he says; divorce does that. While Buell says he endorses his company's product, he and his wife don't use ashleymadison.com. But he says they "try to be really, really open about it." Although he believes the site can help a marriage, he doesn't think it would have helped his first marriage. ~54M members have joined Ashley Madison since 2002, and in 2016, 1,707,169 people signed up. In 2017, 1,932,000 users signed up, and so far for 2018, 1,243,633 have logged in.
by Paige Skinner
See full article at Dallas Observer
Global App Revenue Surpasses $34B During H1 2018
Discovery Partners With Tinder To Help Promote Shark Week 2018
The Meet Group Rolls Out Live Video In Germany On LOVOO
See full article at The Meet Group website
Paktor Parent M17 Entertainment Officially Withdraws US IPO
DEAL STREET ASIA – July 1 – Taiwan-based M17 Entertainment, the parent company of Singapore-based dating and networking app Paktor, has officially withdrawn its IPO in the US, a month after suspending its debut on the New York Stock Exchange. The press statement did not mention the reasons for M17's decision to cancel its IPO, which had initially aimed to raise a total of $115M.
by Mars Woo
See full article at Deal Street Asia
This post also appears on InternetDatingInvestments.