EIN NEWS – Feb 27 – Created by Miami Entrepreneurs, Perchance allows singles to reconnect with people they've shared real life passing moments with. Perchance earned 5th place on Product Hunt, featuring the best new products in technology and recently pitched the original shark from Shark Tank, Kevin Harrington, on Pitch Investors Live.
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by Sarah Perez
See full article at Tech Crunch
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THE MOTLEY FOOL – Feb 27 – We're a couple of weeks away from Momo posting its Q4 results, and investors are probably nervous. The Chinese social-video and online-dating company burned investors last time out, landing at the low end of its earlier revenue forecast and offering up guidance calling for continuing deceleration. Analysts at Citi and Morgan Stanley would go on to downgrade the stock following the uninspiring results, sending the shares to their lowest levels in nearly a year. Momo stock has started to bounce back in recent weeks. The shares are trading 49% higher in 2019. Revenue at Momo has more than tripled over the past two years. Momo is hot right now. It attracted 110.5M monthly active users, up from 94.4M a year earlier. No one knows what the hot mobile platforms will be in 2024. One thing that does help Momo here is that it is very profitable, with a cash-rich balance sheet to boot. Momo has nearly $1.5B in cash on its books. Tantan won't be the last of Momo's purchases.
by Rick Munarriz
See full article at The Motley Fool
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BUSINESSWIRE – Feb 26 – 14 months after its re-launch, SilverSingles, the online dating platform for the 50+ demographic in Spark Networks' portfolio, has exceeded 50K monthly paying members globally. Formed in 2017 through the merger of Affinitas GmbH (founded in 2008) and Spark Networks (founded in 1997), the company has a presence in 29 countries worldwide and supports 15 languages.
See full article at Businesswire
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SIXTH TONE – Feb 26 – Chinese dating site Jiayuan.com is suing a user who lied in her profile to attract suitors and extort them for expensive gifts. According to Jiayuan, ~190M users are registered on the platform. In September 2017, the company faced intense scrutiny following the high-profile death of a former customer – a tech entrepreneur who wrote in his suicide note that his ex-wife, whom he'd met through Jiayuan, had driven him to despair. The same month, the Communist Youth League, the Ministry of Civil Affairs, and the National Health and Family Planning Commission issued a joint directive requiring real-name registration on dating sites. Jiayuan said that it is working with a third party to establish a social credit system for its users, and that in the meantime it had assembled a team specifically tasked with reviewing and verifying personal information.
by Fu Danni
See full article at Sixth Tone
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TRANSGENDERDATE – Feb 21 – TransgenderDate members are now able to let other members know they are interested in them with a single click. TransgenderDate has ~450K members from 80 countries worldwide.
See full article at TransgenderDate
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by Sarah Perez
See full article at Tech Crunch
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PRESS RELEASE – Feb 26 – Hily, a US-based dating app, is launching in the UK at the beginning of March. The unique feature of the app is the usage of AI. Hily analyses users' likes, matches, and dialogues to create a personalized set of potential partners. The more the users swipe, the smarter the machine gets and the higher are their chances to find someone special.
See full article at Internet Dating Newswire
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THE BEACH REPORTER – Feb 25 – Veteran wedding planner Constance Curtis launched The List for elite singles in Southern California. It combines "old fashioned intuition with science and technology." "I saw a space in the industry between the dating apps and matchmaking," said Curtis. "Many people using a matchmaker spend between $14,000 and $25,000 for the service." Curtis charges $2000 initiation and a subscription fee of $99/mo. The List is powered by real-life matchmakers and relationship experts with 15 years of combined experience. Elite members are met in person, and receive a personal matchmaker, and receive feedback after each date. The app is free. User's create a free profile and are added to The List's database of potential suitors for its elite members. Free members have access to the site, but not actual matchmaking services. For $1.99, non-elite members can also purchase "coins" to send messages about suitors they are interested in to the matchmakers. They've had 400 downloads, and have 15 elite clients.
by Genie Davis
See full article at The Beach Reporter
Mark Brooks: There really is a gap between dating apps and matchmakers. Noone has quite cracked it yet. Although, I believe Tawkify are occupying that space, Three Day Rule had a go at it, and It's Just Lunch have been working at it for years, but I don't really regard them as matchmakers. It's actually tough to deliver proper matchmaking services for anything less than $5k a year.
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DIGITAL INFORMATION WORLD – Feb 25 – Android is the world's leading operating system. Android's presence in the US is currently 38%. However, its market share worldwide is 72% and is expected to cross the 85% mark by 2022. In Q3 2018, the global tablet shipments contained 61% Android powered tablets. Android's biggest mobile phone manufacturer is Samsung, covering 46.3% of the manufacturers' market share, followed by Huawei (9.5%), Xiaomi (6.9%), Oppo (4.7%), Motorola (4.2%) and others. Candy Crush Saga, Pokemon GO and Tinder are the most revenue generating apps on Android with $59 M, $51M and $37M respectively in November last year.
by Ali Siddiqui
See full article at Digital Information World
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