OPW – We just updated the events listings for 2022. See all the 2022 dates for…
at this link, which you can reference on the OPW.news sidebar under "LTR Conferences and Summits"
GURUFOCUS – Bumble stock dipped 19% following the release of Q3 earnings which disappointed investors because of lackluster paid subscriber additions. The company is likely to come under more pressure in the coming months. Badoo saw its revenue decline 3% to $58M in Q3, while its number of paid users dipped 9% YOY to 1.33M. The average revenue per paid user rose by 6%. Revenue from the Bumble app came to $142M for the quarter, up 39% YOY. The total number of paid users and the average revenue per user increased by 5% and 19%, respectively. Although these numbers look promising, it is worth noting that the company reported a decline in paid users from the second to third quarters, which suggests the strong momentum behind the company’s online dating products is waning.
DAILYMAIL.CO.UK – Muddy Matches is full of rugged types who fix tractors and keep chickens. Apparently, membership has rocketed since the pandemic began. Co-founder Lucy Grand, 42, says it's because people reconnected with the outdoors over lockdown – then started to move out of the towns and cities. Muddy Matches had a humble start. In the pub one night, Lucy and her sister Emma, who grew up on a farm, wondered how to meet someone given that they already knew everyone in their village.
by Lucy Cavendish
See full article at DailyMail
OPW – "59% of marketing leaders reporting increased pressure from CEOs and 45% experiencing pressure from CFOs." A Harvard Business Review article lays out some keen advice for CMOs to help lower stress. See the Courtland Brooks blog for their advice, in a nutshell.
OPW – We're dedicated to providing executive summaries on the news you can use, to get smarter, and make better decisions.
BENZINGA – Bumble is swiping right on the metaverse. According to a job posting on LinkedIn, Bumble is looking to hire an executive for the role of "Head of Crypto and Web3" responsible for laying the foundation to support Bumble's crypto strategy with a focus on next gen community and creator economies. "What we really think is really interesting in the near term is the application of blockchain and crypto…to the experience that our communities have," said Bumble President Tariq Shaukat. Bumble is testing a number of things related to the space which they will be rolling out in the coming months.
by Samyuktha Sriram
See full article at Benzinga
Mark Brooks: Metaverse is fascinating. But what is it and how might it look for dating and social? I've invited David Siegel to speak on the subject at the next LTR, on Dec 1st.
OPW – In social and dating we generally use AI for reviewing profiles and comms for abuse, and for pairing people up. Here's an article on Harvard Business Review which defines key terms referring to key modes of AI which are useful to know. – Mark Brooks
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Your use of AI is only going to increase. How to think about AI decisions and determine the optimal management model? These 4 management models vary based on the level and nature of the human intervention.
Human in the loop (HITL): A human is assisted by a machine. The human is doing the decision making and the machine is providing support. a.k.a. intelligence amplification (IA).
Human in the loop for exceptions (HITLFE): Most decisions are automated, and the human handles exceptions. For the exceptions, the system requires some judgment or input from the human before it can make the decision. Humans control the logic to determine which exceptions are flagged for review.
Human on the loop (HOTL): The machine is assisted by a human. The machine makes the micro-decisions, but the human reviews the decision outcomes and can adjust rules and parameters for future decisions.
Human Out of the Loop (HOOTL): The machine is monitored by the human. The machine makes every decision, and the human intervenes only by setting new constraints and objectives.
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Mark Brooks: Seems like we use HITFLE for profile and comms review, and HOOTL for paring. What do you think?
BUMBLE – Bumble total revenue increased 24% to $201M, Bumble app revenue increased 39% to $142M. Badoo app and other revenue declined 3% to $58M. Total paying users increased to 2.9 M. Net loss was $10.7M, compared to net loss of $22.8M last year.
MATRIMONY – Matrimony.com's net profit rose 61.4% YOY at Rs 16.6 crore for the September-ended quarter. Other key financial highlights for Q2: Revenue $14.8M, up 18% YOY. Matrimony added 220K paid subscriptions during the Q2 (growth of 4.4% YOY).
HUNGARY TODAY – Dating Central Europe Zrt. (DACE), the parent company of top Hungarian dating app Randivonal, and investor Russmedia Equity Partners, are expanding abroad with the acquisition of Mötesplatsen, a premium dating site based in Sweden and Norway. The company aims to create a European network, and an important step in this direction is to buy platforms like the current one in the future. By operating the Hungarian Randivonal and Mötesplatsen in the European dating market, the DACE will now be present in six countries, with $7.8M in consolidated revenue.
by Júlia Tar
See full article at Hungary Today
See the top news on Randivonal
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