OPW – Nov 12 – Match Results, Magic Lab Acquisition, The Meet Group, Facebook & Tinder whitelisting.
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THE CUT – Nov 12 – Last year, Kelly Rakowski started Personals, a modern reimagining of dyke-centric ads from the pages of the '80s and '90s lesbian erotica magazine On Our Backs. In early November, she announced Personals would be making a major move, launching its own app with a new name: Lex. After months of beta testing from Kickstarter supporters, Lex (as in "lexicon") is now available for free download, offering the same text-based personal ads and missed connections. Rakowski says an app was necessary based on the number of ads she began receiving. A 2018 Kickstarter campaign raised ~$50K, which all went to the development of Lex. Anyone who donated to the campaign were early beta testers of the app, providing crucial feedback. On launch day, Lex saw 6K downloads.
TELEGRAPH.CO.UK – Nov 12 – Alibaba said sales for its annual Singles' Day shopping blitz have exceeded $30B, putting the event on track to set a record in its 11th year. The figure is equivalent to ~80% of Amazon's sales in its most recent quarter. Singles day or Guanggun Jie (Nov 11) is a shopping holiday popular among young Chinese people that celebrate their pride in being single. Alibaba turned China's informal Singles' Day into a shopping event a decade ago and built it into the world's biggest online sales fest.
MEDIUM.COM – Nov 12 – The latest update of the LGBTQI social networking and dating app includes Taimi Spot and Spotify Integration. TAIMI Spot allows users find connections in cities around the globe regardless of their permanent base. The tool will be extremely handy to frequent travelers and business people. Spotify Integration will allow users to share their favorite songs with potential matches.
OPW – Nov 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:
Bumble
Social Media Director
CoffeeMeetsBagel
VP of Product
Lovoo
Head of Live Streaming and Community Management
Match Group
SVP, Tax
Spark Networks
Director of Accounting
The Inner Circle
CMO
The League
Director or VP of Operations & Finance (COO fxn)
Tinder
VP Product Innovation
To see more open positions go here.
Do you have an idating industry job offer which is not included? Please, send it to tips@onlinepersonalswatch.com and we will add it to the list.
by Ingrid Lunden
See full article at Tech Crunch
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This post also appears on InternetDatingInvestments.com
OPW – Nov 9 – “‘Swipe Night“, Tinder‘s first foray in original content, was a huge success. According to Tinder, Total matches jumped 26% compared to a typical Sunday night, and messages increased 12%.
WALL STREET JOURNAL – Nov 7 – Match Group offers attractive potential for growth, analysts say. Shares slid late Wednesday after its outlook for the current fiscal quarter left investors disappointed. But after a string of bullish analyst notes, the stock rebounded – finishing Thursday up 4%, compared with the S&P 500, which rose 0.3%. IAC which has an 81% stake in Match, climbed 3.8%. Competitors also took a leg higher: The Meet Group, which owns a live-streaming dating game called NextDate, added 9.4%.
PRESS RELEASE – Nov 8 – The Meet Group, a leading livestreaming provider, reported financial results for its Q3 of 2019. Total Q3 revenue was $52.6M, up 15% YOY. Adjusted EBITDA was $11M, compared to $8.7M in the prior year quarter. Video revenue for the Q3 grew ~85% from the prior year quarter to $20.3M. The company is expecting full year 2019 revenue to be in the range of $211M to $212.5M and Adjusted EBITDA in the range of $41.5M to $42M.