Month: March 2023

Online Dating (Investors) Summit, in New York

Posted on March 13, 2023

New Street Research Online Dating SummitOPW – New Street Research, assisted by Courtland Brooks, is organizing the Online Dating (Investors) Summit in New York tomorrow, Tuesday 14th March. 40-50 institutional and large-scale public company investors will be in attendance, along with a diverse group of public and private Internet dating company CEOs.

The CEO of Match Group, Bernard Kim, along with the COO of Tinder, Faye Iosotaluno, and CPO of Tinder, Mark Van Ryswyk will speak. The CEO of Grindr George Arison and CFO of Grindr Vanna Krantz will also be speaking.

Mark Brooks of Courtland Brooks (and OPW.news), will be interviewing a panel of private company CEOs, namely Joel Simkhai, the Founder of Grindr, and now CEO of Motto. Also Carsten Boeltz, the CEO of Online Dating Group, and Paul Rider, the CEO of SALT. Mark will then interview the CEO of happn, Karima Ben Abdelmalek.

This is a completely unique event and opportunity for large investors to meet and mingle with the CXOs of both the large online dating public companies and private dating companies to get a better sense of the challenges and opportunities for the dating industry.

Investors who are interested in joining future niche industry meetings and learning from New Street Research's independent analysis, please inquire with New Street Research.

Plenty of Fish Faces Age and Gender Discrimination Lawsuit

Posted on March 10, 2023

PlentyofFish logo 2022MSN – A class action lawsuit has been filed against Plenty of Fish (POF) alleging discrimination against users based on age and gender. The lawsuit alleges that the POF site's search engine contains an age range filter, which in some circumstances overrides the user's preference, resulting in age-based discrimination in violation of California's Unruh Civil Rights Act. The lawsuit seeks money damages of not less than $4K per class member and legal fees in excess of $5M.

See full article at MSN

See the top news on Plenty Of Fish

Dating App Snack Sends AI Avatars on Virtual Dates

Posted on March 10, 2023

Snack avatarFAST COMPANY – Snack, a dating app designed for Gen Z, has introduced a new feature that allows users to create AI-trained avatars of themselves to go on virtual dates and chat with other users. The AI avatar will report to the user if it thinks there could be a match and users can then start a real human-to-human conversation.

by Michael Grothaus
See full article at Fast Company

See the top news on Snack

Chapter2 Expands Globally

Posted on March 9, 2023

ChapterTwo logoBUSINESS CLOUD – Chapter 2, the UK dating app for widows and widowers, is expanding globally after attracting ~2K subscribers since its launch in Nov 2022. Founder Nicky Wake, who created the app after struggling with mainstream dating apps following the death of her husband, plans to launch the service in the US in June 2023 and Australia in Sep 2023. The app offers a safe space for widows and widowers to explore dating on their own terms and has three subscription options: friendship and companionship, casual dating, and serious relationships.

See full article at Business Cloud

See the top news on Chapter 2

Melissa Hobley Puts Her Touch on Tinder’s First Global Brand Campaign

Posted on March 9, 2023

Tinder It Starts With a SwipeMARKETING BREW – Melissa Hobley, CMO of Tinder and former CMO of OkCupid, has overseen Tinder's first global brand campaign called "It Starts With a Swipe," which aims to redefine the app as more than just a hookup site and to promote inclusivity and diversity. The campaign features colorful and dreamlike photography and taglines that celebrate love and diversity.

by Katie Hicks
See full article at Marketing Brew

See the top news on Tinder

Whitney Wolfe Herd: How I Built a Tech Company With Women in Control

Posted on March 8, 2023

Bumble Whitney Wolfe HerdFORBES INDIA – On International Women's Day 2023, Whitney Wolfe Herd, founder and CEO of Bumble, shares career advice aligned with the theme of DigitAll: Innovation and Technology for Gender Equality. She advises turning challenges into fuel, knowing your weaknesses, and hiring for them, throwing old rules out the window, not glorifying the grind, and embracing kindness as power. Her mission with Bumble has always been to make the Internet a better place for women, and she believes that her work offers entrepreneurs a blueprint for how to succeed in a saturated field.

by Whitney Wolfe Herd
See full article at Forbes India

See the top news on Bumble

Grindr Reports Revenue Growth of 34% in Fiscal Year 2022 Results

Posted on March 8, 2023

GrindrFAST COMPANY – Grindr reported 2022 earnings of $195M, a YOY growth of 34%, and expects its revenue to grow by 25% in 2023. The app also reported an increase in monthly average users to ~12M and paying users grew to 873,000 from 703,000 YOY. Grindr's CEO, George Arison, says that the company is looking at launching a lower subscription tier and improving its monetization by optimizing pricing segments better. The company is also adding more features to its app to convert non-paying users to paid or partly paid offerings. Despite the decline in Grindr's stock price since its debut in November, Arison is confident that the stock price "will take care of itself" as the company continues to show growth potential.

by Jessica Bursztynsky
See full article at Fast Company

See the top news on Grindr

A Securities Fraud Class Action Lawsuit Filed Against Match Group

Posted on March 8, 2023

Lawsuit picBUSINESSWIRE – A securities fraud class action lawsuit has been filed by a law firm against Match Group, Inc. The lawsuit was filed on behalf of investors who purchased or acquired Match common stock between November 3, 2021, through January 31, 2023. The class period will end on May 5, 2023. The law firm accuses Match of failing to deliver Tinder's planned product initiatives and misrepresenting its business and operations. The firm encourages investors who suffered significant losses to contact them. The investors can either choose to do nothing and remain an absent class member or move the Court to serve as a lead plaintiff.

See full article at Businesswire

See the top news on Match Group

Tinder Backs UK Government Campaign to Fight Loneliness

Posted on March 8, 2023

TinderMASHABLE – Tinder is supporting the UK government campaign, Better Health: Every Mind Matters, to reduce the stigma of loneliness among young people. A survey by Tinder of ~1,000 18-25 year old singles found that "companionship" was the top "dating label" they are looking for when using apps. According to England's Community Life Survey 2021/22, 89% of 16-24 year olds have felt lonely at least once. Tinder users in England will see in-app messaging about resources on the National Health Service's Better Health: Every Mind Matters Loneliness page, and a series of influencers will talk about loneliness. The partnership aims to reach more young people with information and resources to help alleviate loneliness.

by Anna Iovine
See full article at Mashable

See the top news on Tinder