DOW JONES NEWSWIRE – The American depositary receipts of online dating service Spark Networks are trading 18.9% higher at $3.18, after Osmium Partners said it bought 1.6M shares of the company's stock (at $2.51 each), raising its stake to ~5M shares.
Month: November 2021
Dating App Feeld Announces Minimum Salary of $80K for All Employees
PR NEWSWIRE – Feeld, the dating app with ~20 sexuality and gender options, announces all employees across the globe will be receiving a minimum salary of $80K (£60K) from January 2022. The new salary announcement, which will impact close to 40% of Feeld's full time staff, comes as the leadership team continues to be as transparent and accountable as possible whilst challenging the industry benchmarks.
Match CEO’s ‘Fist Bump’ Sparks Tinder Trial ‘Bullying’ Claim
SeniorMatch Launches Senior Companion Service to Offer Assistance to Isolated Seniors
PR NEWSWIRE – Launched in 2001, SeniorMatch is a senior dating site for people over 50 to find love and meet new friends. This month, they have launched the Senior Companion Service wherein seniors can ask for help for different tasks or even seek friendship. As per the survey of SeniorMatch, 29% of the members 60+ tend to live alone and 35% often find themselves to be lonely. 5% of all members reported to have no immediate family to belong to.
Announcing LTR Edition 13 – Product Placement Strategy & Metaverse
OPW – Love, Technology, Relationships (LTR) is on Wed 1st December starting midday EST (New York) and for this monthly online event we have two topic experts speaking on Product Placement Strategy, and on Metaverse. We have a half hour of networking on virtual tables, then 50 minutes conference time then another short networking session with your peers, leaders of dating and online social communities. 1.5 hours all-in.
If you hold a full time leadership role at an Internet dating company then you are welcome to join IDEA for free, and welcome to join LTR events for free. See the LTR speakers and invite page here. Email mark@courtlandbrooks.com to RSVP.
LTR is kindly sponsored by RealMe, vPaaS by Meet Group, FaceTec and Courtland Brooks
Muzmatch, World’s Largest Muslim Dating App, Woos the Gulf
ARABIAN BUSINESS – London-founded Muzmatch has its eye on regional daters, says founder Shahzad Younas. At last count, the app had 5M users globally. Founded in 2014, the app has specific features that support the Muslim faith, such as 'chaperone' options, private viewing functions and a zero-tolerance policy for harassment or lewd comments. Users can also select matches based on sect, ethnicity and religious practices. Backed with $9M seed and Series A investment from a range of Silicon Valley and global investors, with a 35-strong team, Muzmatch aims to transform how Muslims meet and marry. In the Gulf, the app's average user age is 30 years, for both men and women – while 45% of its users are Arab and 28% South Asian. The majority of its regional users are based in Saudi Arabia, followed by the UAE. Across the region, 20% of members are female, compared to the global average of 33%, and nearly half of all Muzmatch calls are initiated by women.
Match Group Fails to Toss Investor Suit on Fake Dating Profiles
BLOOMBERG LAW – Match Group must face a shareholder suit alleging it made misleading statements about fake dating profiles and user retention after a federal judge in Texas declined to dismiss the investors' amended complaint.
HBO Max Planned Date Nights for 180 Couples Over Four Days
Tinder Launches Safety Campaign
MANNING RIVER TIMES – Tinder has launched a safety campaign amid concerns that "sexual assaults linked to online apps are becoming more frequent". Queensland Police and Tinder launched the joint campaign on Friday, which will see messages appear while users are swiping for potential matches within the app. "Report sexual assault for yourselves and others," one of the messages read. "We're all here for different things. Hook up. Doggos. Friendship. Relationship. Nothing is set in stone," another read.
Podcast With Able Joseph, CEO of Aisle
SPOTIFY – On this episode, Able Joseph, Founder & CEO of Aisle talks about why he started ‘Aisle’, how it was built, its success story and the tech they use on the platform. He further talks about why venture capitalists were not ready to fuel their investments, innovations being the key in making the product more popular, and tons more.