Month: October 2019

Tinder co-founder Sean Rad on the $2B Lawsuit Against IAC

Posted on October 31, 2019

CNBC – Oct 31 – Tinder co-founder Sean Rad joins “Squawk Alley” to discuss the $2 billion case against parent company IAC. This week, a New York state appeals court has rejected IAC’s bid to dismiss the lawsuit.

See full article at CNBC

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Millennials Are Too Broke to Date

Posted on October 31, 2019

People on a dateTHE MOTLEY FOOL – Oct 31 – According to Match.com, 33% of young singles believe that their financial situation is getting in the way of dating. 20% don't even think they should be dating at all until they achieve a particular income level. According to a study on underemployment by The Economic Policy Institute (EPI), in 2018, 11% of young college graduates were underemployed, up from 9.4% in 2007 and 6.9% in 2000. The term underemployed includes graduates who are unemployed as well as those who could only find part-time jobs. Other research puts the total unemployment rate for millennials at over 12%, which is much higher than the national average. A study by The Ascent found that 63% of millennials still depended on their folks financially to some extent. In 2018, the average cost of a date – including two dinners, one bottle of wine, and two movie tickets – was $102.

by Dana George
See full article at The Motley Fool

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This Is How Dating Apps Influence Our Decision-Making

Posted on October 31, 2019

Human brainTHRIVEGLOBAL – Oct 31 – Dating apps are creating a paradox effect. They are giving off the illusion of many choices while making it harder to find viable options. We can find a match in milliseconds but that limits us to just what we think are ideal physical characteristics. Also our brain only focuses on the things we expect to see. When it comes to dating decision-making, our brain will discount data when we are actively searching for our match. Essentially, what is happening is that we're overlooking good candidates. In my Your Happiness Hypothesis study, 65% of the active online dating users found that 90% of the time they were overlooking ideal candidates because they kept using the same parameters for their searches. Only when we were able to explore the subconscious factors that led their search for their ideal partner were we able to change the quality of their dating approach.

by Clarissa Silva
See full article at ThriveGlobal

TAIMI is Implementing Apple ID Login

Posted on October 31, 2019

Taimi screenshot apple id loginMEDIUM.COM – Oct 31 – TAIMI, the LGBTQI+ social network and dating app is adding more features. The latest update comes as Apple continues to roll out updates to iOS 13. iOS 13 offers people the ability to "Sign in with Apple ID". Since introducing the "Sign in with Apple ID" TAIMI saw an increase of 30% in terms of subscription conversion in comparison to other sign up options currently available to its users. Currently, TAIMI has ~100K daily active users and growing.

See full article at Medium

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Korean Dating App Chemi Uses AI Voice-based Algorithm

Posted on October 31, 2019

Chemi screenshotKOREATECHDESK – Oct 30 – Korean startup HAII (Human-AI-Information) has launched Chemi that uses AI to match singles with the right person by using AI to analyze the characteristics of the voice.

See full article at KoreaTechDesk

IAC Must Face Tinder Co-founder’s $2 Billion Lawsuit

Posted on October 30, 2019

Lawsuit newREUTERS – Oct 30 – A New York state appeals court has rejected IAC's bid to dismiss a $2B lawsuit by a group of Tinder founders, executives and early employees who said it undervalued the dating app to avoid paying them billions of dollars. The decision affirmed a June 13 ruling by New York State Supreme Court Justice Saliann Scarpulla in Manhattan. IAC and Match separately sued Rad in January, accusing him of having secretly copied files and other proprietary information. They also filed a $400M countersuit in September accusing him of having recorded conversations with his superiors without their consent. Rad has sought to dismiss the January lawsuit, and in an Oct. 17 court filing Rad's lawyer called the countersuit "legally without merit" and an effective attempt to bankrupt Rad.

by Jonathan Stempel
See full article at Reuters

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The Meet Group Launches NextDate, a Livestreaming Dating Game

Posted on October 29, 2019

The Meet Gorup NextDateBUSINESSWIRE – Oct 29 – NextDate allows users to star in their own dating game. It works like speed dating, except that there's an audience and the contestant gets to choose the specific people they'd like to connect with. In NextDate a streamer has 90s to tap "Next," which ends the current pairing and skips to the next contestant in the queue, or "Date," which enables the two users to connect by 1:1 video chat in the future. NextDate is now available on MeetMe and Skout.

See full article at Businesswire

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Tinder and Other Dating Apps Don’t Comply With Dutch Privacy Laws

Posted on October 29, 2019

Paiq screenshoNL TIMES – Oct 29 – Dating platforms Tinder, Happn, 50plusmatch, Parship, and Paiq are in violation of Dutch privacy law, according to consumers association Consumentenbond. They place tracking cookies without users' permission and their privacy statements are intentionally vague about who they share information with, according to the association. The consumers' association addressed the dating sites on this violation of the General Data Protection Regulation. Happn, 50plusmatch, and Paiq adjusted their cookies policy. Tinder and Parship did not.

by Janene Pieters
See full article at NL Times

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