Month: March 2022

Women in Business With CEO of Match Group, Shar Dubey

Posted on March 31, 2022

IHEART – This week, Chelsea Clinton is sitting down with Match Group CEO Shar Dubey. They discuss the state of women in business, the progress we’ve made (and lost), the impact of COVID-19 on women in the workplace, and what needs to happen next to achieve equality in this industry and beyond.

See full article at iHeart

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Dating News Headlines: Spark Networks, OkCupid, Tinder, Jodii

Posted on March 31, 2022

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What’s Next for the Online Dating Industry

Posted on March 30, 2022

Dating Group logoBENZINGA – The online dating industry is now transforming into something much bigger. As Dating Group Chief Strategy Officer, KJ Dhaliwal, explains, the dating industry is about more than just dating; it's all about social discovery. "Personal connections aren't always going to be about romance," said Dhaliwal. "Relationships can be for platonic friendship, entertainment, hobbies, travel, work…. you name it. And that's social discovery; people connecting around mutual interests and creating deeply personal long-term, non-ephemeral interactions." Dating Group is betting heavily on metaverse, travel, music and video. Match Group recently revealed that it has its eyes fixed upon the metaverse. Match Group CEO Shar Dubey said, "Now, the technology allows us to create experiences online where people can meet and discover each other more serendipitously and real-time through shared experiences in a way that is more akin to how they would do in real life." On the other hand, Bumble has indicated that it is keeping its sights on the online dating category. The company has recently acquired Gen Z dating platform Fruitz for an undisclosed sum.

by JT Ripton
See full article at Benzinga

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Hello Group to Say ‘Bye Bye’ to Struggling Tantan App?

Posted on March 29, 2022

Tantan app iconSEEKING ALPHA – The company often called the 'Tinder of China' says revenue from its Tantan unit purchased in 2018 plunged 40% in last year's Q4. Hello Group's revenue fell 3.2% in the Q4, with an even larger decline forecast in the current quarter, dragged down by plunging business for its Tantan unit. The company, previously known as Momo, said the tough times will continue into the start of this year, especially for Tantan. Investors weren't too upbeat on the report, with Hello Group's stock falling 5.1% in the two trading days after the results were announced. The company said it expects overall revenue to fall by 7.8% to 10.7% in the Q1 – far worse than the Q4 decline – indicating not only that Tantan's revenue will continue to drop but that Momo may also fall too. But analysts are predicting the trend should bottom out later this year, forecasting an 8% rise in 2022 revenue compared to 2021's level.

by Doug Young
See full article at Seeking Alpha

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Apple’s Fine Over Dutch Dating Apps Antitrust Order Hits €50M, but ACM Welcomes Revised Offer

Posted on March 29, 2022

Apple store logoTECH CRUNCH – Until last weekend, Apple still had not met ACM's requirements. That is why it has to pay a tenth penalty payment, which means that Apple must pay the maximum penalty of €50M. But the Authority for Consumers and Markets (ACM) is sounding more positive today after Apple adjusted its most recent offer yesterday – saying the amended proposal "should result in definitive conditions for dating-app providers. Previous offers by Apple were rejected by the ACM as creating unreasonable friction for the developers in question. If ACM comes to the conclusion that Apple does not meet the requirements, ACM may impose another order subject to periodic penalty payments (with possibly higher penalties this time around) in order to stimulate Apple to comply with the order.

by Natasha Lomas
See full article at Tech Crunch

Hello Group (Momo) Financial Results

Posted on March 28, 2022

Hello Group logoPR NEWSWIRE – Hello Group, a leading mobile social and entertainment platform in China, announced its Q4 and 2021 financial results.

Q4 highlights:

  • Net revenues decreased by 3.2% YOY to RMB3,674.2M ($576.6M
  • Net loss attributable to Hello Group was RMB4,242.7M ($665.8M), compared to a net income of RMB651.5M in Q4 2021.
  • Monthly Active Users on Momo app were 114.1M in Dec 2021, compared to 113.8M in Dec 2020. MAU on Tantan application were 27M in Dec 2021.
  • Total paying users of live video service and value-added service, including 2.5M paying users of Tantan, were 11.4M for the Q4 of 2021, compared to 12.8M in 2020.

Full year 2021 highlights

  • Net revenues decreased 3% YOY to RMB14,575.7M ($2,287.2M) for the full year of 2021. Net loss attributable to Hello Group was RMB2,913.7M ($457.2M) for the full year of 2021, compared to a net income of RMB2,103.5M in 2020.

See full article at Hello Group website

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Blyss Dating – a New Dating App That Prevents Catfishing With Facial Recognition

Posted on March 28, 2022

Blyss logoMOBILEIDWORLD – BlyssDating is using facial biometrics to make it more difficult for con artists to connect with victims on its platform. Blyss Dating is set to debut sometime in the summer, and is currently conducting a pre-registration drive for college students and young adults in the Washington, DC, area. Blyss is not the first dating platform to implement some form of identity verification. The Indian dating app Jeevansathi is onboarding new users with Onfido, while Yoti has provided identity services for Fluttr and DateID. The Meet Group has also partnered with Yoti and FaceTec to verify the ages and identities of its customers.

See full article at MobileIDWorld

Dating News Headlines: IIMIIT Matrimony, Apple, Tantan

Posted on March 28, 2022

Quick links to today's dating news headlines.