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Month: August 2018

Tinder’s Founders Are Suing Match Group And IAC Saying They’ve Been Ripped Off

Posted on August 15, 2018

Tinder lawsuitBUSINESS INSIDER – Aug 13 – A group of early Tinder employees, including cofounders Sean Rad and Jonathan Badeen, filed a lawsuit against IAC and Match Group, the owners of Tinder. They're seeking at ~$2B in damages. They're alleging that IAC undervalued Tinder, and used a lowball valuation based on false information to reduce the value of stock options that early employees and founders held. IAC put its own financial executives inside Tinder, who concluded that Tinder was worth less than the Tinder team thought it was.

by Kif Leswing
See full article at Business Insider

See all posts on Match Group
See all posts on Tinder

Summarized by the IDEA team

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BeautifulPeople.com Is Offering Plastic Surgery Advice

Posted on August 15, 2018

Beautifulpeople plastic surgery consultDAILYMAIL.CO.UK – Aug 13 – Dating website BeautifulPeople.com accepts members based on their looks, and is now offering plastic surgery advice to those who are unsuccessful. The advice is from a plastic surgeon and costs $45. BeautifulPeople.com came up with the idea after its own founder, Greg Hodge, 43, was rejected by members. Mr Hodge, who founded the site in 2003, sent his photo to a surgeon and asked for honest feedback on his appearance. The surgeon recommended that Mr Hodge have Botox.

by Stephanie Linning
See full article at DailyMail.co.uk

See all posts on BeautifulPeople

Summarized by the IDEA team

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Match Group Is Still Undervalued

Posted on August 13, 2018

Match group website screenshot 2018SEEKING ALPHA – Aug 13 – Even after a 17% rise following the most recent quarterly results, Match remains modestly valued. The latest subscriber numbers show that Tinder is not slowing down as initially expected. Past experience strongly suggests that Facebook Dating will not impact Match Group's business in a material way. The Match growth story is driven by three key realities: societal changes, a strong, sticky brand, and fantastic business economics. Best of all, Match spends very little on advertising because people know of its products through word-of-mouth. Assuming that earnings remain static forever at $450M, the entire company would be worth $11.25B at a 4% discount rate: $450M/4% = $11.25B. With such a long growth runway, though, it would be silly to think that this is it for earnings. At a market capitalization of just $12.3B, Match is almost certainly undervalued.

by Mike Berner
See full article at Seeking Alpha

See all posts on Match Group

Summarized by the IDEA team

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Internet Dating Jobs Listing Update – August 2018

Posted on August 12, 2018

Internet dating jobs logo OPW – Aug 12 - The new Internet dating jobs listing is live on the Internet Dating Jobs blog.

Below see a couple of this month's most interesting offers:

 Badoo
  Global Head of PR

Dil Mil
  VP of Engineering

Match.com
  Director, Marketing (Mobile Apps)

Meetic
  Market Director UK

RubyLife.com
  Vice President Finance / Chief Financial Officer

Spark Networks
  Creative Director

The League
  Creative Director / Head of Brand

Tinder
  Country Manager – Australia

To see more open positions go here.

Do you have an idating industry job offer which is not included? Please, send it to petra@courtlandbrooks.com and we will add it to the list.

Post by the IDEA team

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Matrimony.com Sees Spurt In Revenue

Posted on August 12, 2018

Matrimonycom logo redSIASAT – Aug 11 – Matrimony.com has achieved a consolidated revenue of Rs. 89.6 crores ($13M) for the 2Q, a growth of 6.8% YOY. The company's consolidated net profit after tax for the quarter was at Rs. 15.6 crores ($2.3M), vs Rs 14.9 crores the corresponding quarter of the previous year. Matchmaking segment revenue was at Rs.85.9 crores ($12.5M), up 8.8% YOY. The Marriage Services revenue was at Rs. 3.6 crores ($500K).

See full article at Siasat

See all posts on Matrimony.com

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Match Group CEO On Earnings Beat And Tinder’s Growth

Posted on August 12, 2018

CNBC – Aug 11 – Match Group CEO Mandy Ginsberg discusses the company’s second quarter earnings beat, helped by the growth of Tinder and the company’s future.

See full article at CNBC

See all posts on Match Group
See all posts on Tinder

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The Most Right-swiped Universities In The UK Revealed By Badoo

Posted on August 12, 2018

Badoo logo 2018BRINKWIRE – Aug 11 – University of the Arts London (UAL) and Leeds came out on top, with Durham and Southampton scraping in at the bottom. Badoo also found that UAL students send and receive the most messages out of all the universities in the UK (~6M) in the past year, with the university of Oxford coming in at 2nd place with ~4M messages and Leeds 3rd with ~3M.

The full article was originally published at Brinkwire, but is no longer available.

See all posts on Badoo

Summarized by the IDEA team

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Tinder’s Taru Kapoor Dreams Of A National Consent Day

Posted on August 12, 2018

LIVEMINT – Aug 11 – A National Consent Day to pay special attention to sexual consent, to oppose sexual violence, and as a call to action for gender equality, is needed, says Tinder's Taru Kapoor. In 2015, the Thames Valley Police in the UK released a fun video, as part of a #ConsentIsEverything campaign, that explained consent using animated stick figures and tea as a euphemism for sexual consent. Taru Kapoor heads the India business for Tinder and Match Group, where she leads efforts to expand their reach in terms of user and business growth.

See full article at LiveMint

See all posts on Tinder

Summarized by the IDEA team

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How Much Does It Cost To Make An App

Posted on August 11, 2018

ExpensesROOTSTRAP – Aug 10 – You should expect to spend anywhere from $50k to $250k on an "average" mobile app. Apps with a large feature set or that include a lot of back-end technology can easily run anywhere from $250K to more than $1M. Any kind of communication between users, login system, or external data storage requires a system of servers to support the app. This is a much more expensive proposition. Functions that require API integration, like social logins or social media sharing, further drive up costs. Paying $10/hour for a professional app developer is asking for trouble. There's just no way to trust the quality of the software. You might be saving money initially, but you'll be condemning yourself to deal with bugs, crashes, and dissatisfied users for the rest of the life of your business. Finally, it's important to recognize that building an app isn't just a one-time cost. In addition to building your app, you'll need to maintain it which is usually 20% of the initial development investment.

The full article was originally published at Rootstrap, but is no longer available.

Summarized by the IDEA team

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Artists Made 4K Eur On Lovoo By Livestreaming

Posted on August 11, 2018

Lovoo liveMOBILBRANCHE – Aug 10 – Dating app LOVOO says it is possible for companies and publishers to earn up to 2K euros a month with their new live streaming feature. The example is 20-year-old wood sculptor Alexander Bartl who films himself live while working on wooden figures. He has built a fan base that rewards him with cash or virtual gifts. He has collected 2M diamonds in the last three months. This corresponds to a monetary value of ~4K euros.

by Sebastian Beintker
See full article at MobilBranche

See all posts on Lovoo

Summarized by the IDEA team

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