FORTUNE – Oct 5 – Executives from two companies suing each other took the stage one after the other at Fortune's Most Powerful Women Summit in Laguna Niguel, Calif., last week. Match CEO Mandy Ginsberg said that she respects Bumble and its founder Whitney Wolfe Herd despite the two companies' ongoing legal drama. "I've really admired Whitney and what she's built," Ginsberg said. "I've had a great personal relationship with her even through all this."
Month: October 2018
The Meet Group Announces New Livestreaming Video Milestones
BUSINESS WIRE – Oct 5 – The Meet Group annualized video revenue run-rate now exceeds $48M. Video daily active users averages ~900K, up 20% from July 2017. Total daily time spent in video exceeded 25M minutes.
See full article at Businesswire
Bumble Web Is Live
THE BEEHIVE – Oct 5 – Dating app Bumble has created a desktop version of its app. Users can login into their existing account through Bumble.com. New users are still required to create the account via the app but this will be available on desktop soon. Bumble Web is only available for Bumble Date for now.
Adoptable Chicago Dogs Appear On Bumble
WTTW – Oct 5 – Chicago Animal Care and Control is partnering with Bumble to show users profiles of adoptable dogs. Users will see dog profiles interspersed with their other (human) connections. Users who swipe right will receive more information about the dog and CACC's adoption process. Bumble is not charging CACC ad rates for showing profiles of adoptable dogs.
Facebook Marks LGBTQ Advertisements As Political, Blocking Them Again
ADVOCATE – Oct 8 – Facebook is again receiving criticism for taking action against LGBTQ advertising, with ads for a comedy show CabarGAY and social groups, among others, being blocked on the site. Facebook said the blocking of ads for being political came as a result of Russian meddling in the 2016 election. In Facebook's public database for advertisements you can found that many ads with LGBTQ content had been banned on the grounds of having "political" material. Facebook spokeswoman Devon Kearns said the blocking was unintentional. "The ones that were incorrectly labeled have been removed from the archive and we apologize for the error," she said. "We do not consider all ads that relate to LGBT under this policy, but rather only those that advocate for various policies or political positions, which several of these ads do." While Facebook maintains that the blocking of LGBTQ ads was accidental, the social media site has a history of failing to stop anti-LGBTQ hate speech, while managing to keep LGBTQ-themed ads from users.
The League Launches In Vancouver
VANCOUVER SUN – Oct 7 – Already live in 34 American cities and London, Paris and Toronto, The League is launching in Vancouver. The exclusive dating app bills itself as "a dating app catering to the intelligent, educated and ambitious". It was founded by Amanda Bradford in 2014, after the entrepreneur had an epiphany: Tinder can help you sidestep the unattractive, but it does nothing to protect you from the indigent, and under-employed. Already boasting a wait-list of 3K, The League plans to launch with 500 selected users. "We authenticate with LinkedIn," said the app's spokeswoman Meredith Davis.
Online Dating Authority Mark Brooks Interviews Hundreds Of Executives, Since 2004
DATINGNEWS.COM – Oct 3 – Mark Brooks is an internationally acclaimed consultant and supports and advises dating companies with his team through IDEA, the Internet Dating Excellence Association. Mark spent two decades establishing himself as an authority in the online dating space, has delivered keynote addresses at 45 iDate conferences, and used his experience to develop business strategies for industry leaders, including PlentyofFish. Today, Mark helps movers and shakers stay on top of the latest trends by capturing the intelligence in the news and doing CEO interviews for his niche news website, Online Personals Watch (OPW).
Launched in 2004, Online Personals Watch has positioned itself as a go-to news summary service for busy executives who want to know about everything going on in the online dating market and inspire them to innovate and improve their services.
Mark stated, "The main idea is to stay connected with the industry and foster bigger-picture thinking."
Over the years, Online Personals Watch has positioned itself as a must-read for the CEOs of dating companies around the world. The site is interested in keeping these high-level individuals informed with insights that can help them grow their products so they have a positive impact on people's lives. This fluff-free website gets straight to the point and summarizes the news so busy industry leaders can skim through the articles, learn what they need to know, and get down to business.
Mark interviewed over 300 online dating executives and asks knowledgeable CEOs to share the secrets to their success. Mark has also been quoted over 260 times in the press, including in 17 articles in The Wall Street Journal.
Mark founded the Internet Dating Excellence Association to help the Internet dating industry grow to serve more people and reach its full promise and potential. This association and consulting group provides CEOs, marketing executives, product designers, and other dating professionals with time-tested business strategies and insights. Consultants are all former industry employees and executives.
Mark and his team of 26 seasoned dating business experts have helped over 100 companies keep up with marketing, media relations, trending technology, and to exceed industry standards to become leading online brands. IDEA's clients include PlentyofFish, Cupid, Meetme, iovation, and Besedo.
Mark said his ultimate mission is not only to inform executives but to empower them to collaborate with one another and raise the industry standards. He highlights business leaders, helps host conferences, and consults with dating companies in the hopes of uniting the best in the business and helping them to move forward in a way that benefits everyone.
"When great minds meet, great ideas happen," Mark said.
Since 2005, Online Personals Watch has facilitated intelligent conversations among powerful individuals in the industry. Its news articles focus on where online dating is and where it's headed, which makes for a very interesting read.
Mark's savvy website and consulting group deliver thought-provoking insights into what makes online dating tick. By informing clients, readers, and other professionals, Mark intends to turn competitors into collaborators and show business executives how working together can be good news for everyone.
Match Investors Should Worry About Bumble, Not Facebook
BLOOMBERG – Oct 2 – Match investors appear to have gotten over their Facebook fears. When the social media giant announced plans in May to launch an in-app dating feature, Match Group Inc. shares fell 22%. That, however, appears to have been just a blip. The stock is up more than 50 % since May 1 and has gained 81% for the year. But CEO Mandy Ginsberg isn't sitting still. "We'll have to see what happens and keep an eye on it," she said. Jefferies analyst Brent Thill is among those defending Match. He upgraded the stock to buy from hold in June. He doesn't see Facebook as a threat, at least not in the short term. Perhaps Match investors should be more worried about what's going on with Bumble, another millennial-focused dating app, said Thill.
Eatability Founders To Invest $2M Into Dating App That Rates Safety
THE AGE – Oct 2 – Celeste and Hui Ong are investing $2M into their new dating app Pair. They are using funds from the $6M sale of their Eatability website to Optus in 2012. Eatability was one of the earliest restaurant review sites with an Australian focus. Pair, which launched in the App store last week, is focused on user feedback, verification and a virtual "matching assistant".
Tinder: “No Evidence” Accounts Were Accessed After Facebook Breach
AXIOS – Oct 3 – Tinder said it had found "no evidence to suggest accounts have been accessed based on the limited information Facebook has provided" about a breach that gave hackers access to 50M accounts of the social network's users. The company also said it would be "very helpful" if Facebook shared a list of users affected by the breach.
