Month: June 2021

Dr. Helen Fisher – Science Proves That Love Is an Addiction, Tech Is Changing Courtship

Posted on June 21, 2021

LTR – June 21 – Dr. Helen Fisher, Biological Anthropologist at the Kinsey Institute, has devoted her career to the scientific study of love, attraction, and compatibility. Dr. Fisher, who is the Chief Scientific Advisor for Match.com, has conducted numerous neurological, empirical, and survey studies to develop a greater understanding of relationships. According to her research, technology has not killed love, it has changed courtship. Love continues to be deeply woven into society and culture. Three brain systems influence romantic love: sex drive, romantic attraction, and attachment. They are governed by hormones and neurotransmitters. Dr. Fisher's annual study of daters shows that 40% met their last first date online. Video chatting has become a significant intermediary prior to in-person meetings, providing greater opportunity for vetting and chemistry-building. Dr. Helen Fisher shares her wealth of scientific knowledge in the latest video in the LTR Conference series.

LTR stands for Love, Technology, Relationships and the online conference covers the Internet dating and Online Social Communities space. It is for members of IDEA and OSCA.

The April LTR was kindly sponsored by RealMe, vPaaS by The Meet Group, Real Gifts & Courtland Brooks.

Match Urges Singles to Get Back to Love

Posted on June 20, 2021

THE DRUM – June 15 – Ryan Reynolds’ agency and production firm Maximum Effort has teamed with Match to deliver a playful, musical campaign encouraging singles to reignite their love lives. It’s time to “Get back to love” according to Match. 12 real wedding singers belt out a parodic musical number urging the world’s single folks to get back out there so they can get back to working again.

by Kendra Clark
See full article at The Drum

See the top news on Match.com

The Dating Game Podcast – Dating Safety

Posted on June 19, 2021

THE DATING GAME – June 14 – The Dating Game Podcast explores the highs and lows of meeting 'the one'. This week's podcast was focused on dating safety. In this episode, the hosts brought on Mark Brooks, strategic advisor to RealMe, an expert on the business of Internet dating.

  • "It's taking many years for background checks to come of age", Mark Brooks says. "But there are some platforms now that are pretty well hooked into the databases that are available. RealMe, which is strong in the U.S., brings together the platforms that provide good comprehensive background checks, reputation checks, and verification. RealMe is specifically focused on the dating context which is unique."
  • "It's our job, as dating apps, to set up a positive vibe on a first date, which probably should be online."
  • "When a man is interested in a woman, he needs to indicate two things: 1. that he is interested, and 2. that he is safe. And we (dating apps) haven't done a good job with the second point yet unfortunately. We've done a really good job with the first one."
  • "Before the first date, you have to do a little bit of homework, use your instinct and the video. MeetMe offers "one-to-many" video dating for users who are not comfortable with one-on-one video"

Iceland’s Dating App, Smitten, Raised $2.7M

Posted on June 18, 2021

Smitten logoSIFTED.EU – June 18 – Smitten, a dating app from Iceland, has raised $2.7M to expand in Europe, and to woo Gen Zers (people born between 1997 and 2015) with a dating app that mixes gaming, entertainment and flirting. Most Smitten users are 25 or younger, and roughly 20% are 18 years old. The company says it will use the investment to launch in the Nordics in late August or early September. Smitten's round was led by early-stage firm byFounders, with participation from PROfounders, Inventures, Brunnur Ventures, Tiny.vc and several angel investors. As part of the round, wine app Vivino founder Heini Zachariassen and PROfounders's Joe Bond will join the board.

See full article at Sifted.eu

This post also appears on InternetDatingInvestments.com

Match CFO & COO: Hyperconnect Expands Technology Base and Geographical Footprint

Posted on June 18, 2021

Match group gary swidlerSEEKING ALPHA – June 18 – Gary Swidler, CFO and COO of Match Group, lauded the dating app company's recently closed $1.725B acquisition of Hyperconnect, saying the deal expands both its tech base and its geographical footprint. Appearing on CNBC, Swidler noted that the purchase will broaden its business model as well, adding social discovery to its traditional dating services and expanding its move into an a-la-carte revenue stream.

by Brian Stewart
See full article at Seeking Alpha

See the top news on Match Group

S’More Celebrates Pride Month With Launch in San Francisco

Posted on June 18, 2021

Smore sfGRIT DAILY – June 18 – S'More, the anti-superficial dating app from former Magic Labs/Bumble executive Adam Cohen-Aslatei launches in San Francisco with 10k registered users from the city already on the platform. This marks the app's 7th successful launch since its inception in 2020. S'More is also celebrating its SF launch by giving away a week of free premium membership to the first 1000 new users in the city.

See full article at Grit Daily

See the top news on S'More

Social Media Platforms Must Abandon Algorithmic Secrecy

Posted on June 18, 2021

AlgorithmsFINANCIAL TIMES – June 18 – More transparency is required about the algorithms that wield enormous power over billions of people. But while these algorithmic forces impact our daily lives in beneficial ways, they are often inaccessible and mysterious to the average citizen. Most of us have neither the training nor the faculties to understand how these systems impact us. The algorithms are often protected as trade secrets, and not found on a publicly accessible registry such as the US or UK Patent Office. By disclosing their formulas, open-source algorithms allow a cross section of professionals to examine the fundamental principles at play. Security researchers can determine whether our personal data were put at risk during algorithmic processing. Human rights organisations can help to avoid infringement of our fundamental freedoms. Academics can dig into these systems for bias. "Users have the right to know what inputs are being made both into the algorithms that choose their content and those used to moderate their content," says Jillian York, author of Silicon Values.

by Frederick Mostert & Alex Urbelis
See full article at Financial Times

Spark Networks Names David Clark Chief Financial Officer

Posted on June 17, 2021

Spark networks david clarkPR NEWSWIRE – June 17 – Mr. Clark brings ~20 years of public company CFO experience to his role at Spark Networks. He currently serves as CFO for Synchronoss Technologies, a global leader and innovator in cloud, messaging, digital and IoT products.

See full article at PR Newswire

See the top news on Spark Networks

Tencent-Backed Online Dating App Soulgate Is Going Public

Posted on June 17, 2021

Soul app iconTHE MOTLEY FOOL – June 17 – Soulgate, which operates one of China's most popular social networks, Soul, has filed early-stage plans for an IPO. The Chinese tech giant Tencent owns a 49.9% stake in Soulgate, making it the largest shareholder in the company. While Soulgate makes every effort to say Soul is not a dating app, it's often described as such. That's because Soul's main attraction is an AI algorithm that helps users find their perfect match. This feature sets it apart from other dating apps, where users scroll through reams of profiles to find someone they like. Soul is now China's fifth-most-popular social media app according to Sensor Tower. This puts it in a great position to grow its share of China's mobile social networking market, which it estimates to be worth $18B. Soulgate's $78M in 2020 revenue is just 0.4% of this opportunity. Soul had 1.7M monthly paying users in March, up from 929,300 in 2020. But that's only 5.1% of its 33.2 MAUs.

by Lawrence Nga
See full article at Nasdaq

See the top news on Soul

Bumble Survey Reveals Summer Dating Habits

Posted on June 17, 2021

Bumble logo 2020FAST COMPANY – June 17 – People are looking to date IRL again, but their priorities have changed, according to the latest survey data from Bumble, 30% said they would not date or have sex with an unvaccinated person. 65% now think it's possible to fall in love without meeting someone in person, 38% prefer to go on virtual first dates with people before meeting them in person.

by Christopher Zara
See full article at Fast Company

See the top news on Bumble