FAST COMPANY – Malgosia Green is three months away from uprooting her life in Vancouver and fully immersing herself in Singapore as CEO of Match Group Asia. She was appointed to the newly created role earlier this year by Match Group CEO Bernard Kim. Prior to taking over as CEO of Match Group Asia, Green led Plenty of Fish for five years. Malgosia Green will be focusing on expanding the company's presence in Asia, particularly in Japan, where there is significant potential for growth. ~50% of women and 70% of men in their 20s in Japan are single, according to a 2022 white paper from the Japanese Gender Equality Bureau. Green also aims to bring the Hinge app to new Asian markets in the coming quarters. It currently operates in India. Much of Green's mission is focused on Hyperconnect, the Seoul-based social media and video tech company Match acquired in 2021 for $1.73B. Part of that development will be in AI, Green says.
Month: April 2023
Institutional Investors Adjust Stakes in Match Group Amid Dating Industry Stock Turbulence
BEST STOCKS – AustralianSuper Pty Ltd, an institutional investor, recently reduced its stake in Match Group by 89.1% during Q4 2022, selling ~2M shares. Match Group has seen significant activity from institutional investors and hedge funds. True Signal created a new stake valued at $971K, Xponance saw an 11.2% growth in its holdings, and Ieq Capital increased its shares by 240.4% in Q3. Other new shareholders include Louisiana State Employees Retirement System and Calamos Advisors. As of April 16, 2023, 93.53% of Match Group's stock is owned by institutional investors and hedge funds.
Tinder’s Global Campaign Challenges Hook-Up Stereotype
Internet Dating Jobs Listing Update – April 2023
OPW – The new Internet dating jobs listing is live on the Internet Dating Jobs blog.
Below see a couple of this month's most interesting offers:
Jaumo
Community Manager, Turkey
Together Light
Website/App Gamification and Email&Push-Notification Automation Specialist
Bumble
Head of Corporate Development
Grindr
Sr. Director, Total Rewards, Systems, & Analytics
Her
People & Operations Director
Match Group
VP – Human Resources
Tinder
Senior Director of Business Intelligence
To see more open positions go here.
Do you have an idating industry job offer which is not included? Please, send it to tips@onlinepersonalswatch.com and we will add it to the list.
Hulah: The Dating App Where Women Approve Men First
TRES-CLICK – The dating app "Hulah" allows only men approved by women to join, aiming to reduce negative experiences. Women nominate men as "boyfriend material," after which men receive a code to sign up. The app's creator, Heather Hopkins, developed the idea after her own dating struggles. The app rewards well-behaved men with "gentleman points," increasing their chances of success. While the concept has received positive reactions, some skepticism remains, as the vetting process is subjective and the financial incentives for women may be exploited.
Muzz Is Raising $400K to Support Syrian Refugees
LINKEDIN – Despite financial challenges and lawsuits, Muzz (formerly muzmatch) is raising $400K for Syrian Refugees in Turkey, partnering with Muslim Aid USA, particularly for earthquake-affected housing. Muzz is matching donations to achieve its goal. Previous accomplishments include a school in Pakistan, a bakery for East Sudan refugees, and two mobile clinics for Palestine.
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Why Age-verification Bills Won’t Work
MASHABLE – Recently, age-verification bills for porn sites have been making headlines, but experts argue that they won't work and may even harm online privacy and free speech. Instead, they suggest better ways to protect children online. Age-verification bills, such as Louisiana's Act 440 and Utah's SB 287, require visitors to sites with a significant portion of adult content to prove their age using a commercial age-verification system (AVS). Utah has also passed two other bills, SB 152 and HB 311, which require age verification for all users on social media sites; parental permission to access social media for those under 18; and social media curfews for under-18s. These are supposed to go into effect in March 2024, but social media platforms are expected to challenge these laws beforehand. Despite good intentions, these bills have numerous issues:
- Difficult to enforce: Websites based in other countries may not comply, and users can easily bypass restrictions with VPNs.
- Privacy risks: Intrusive and ineffective AVSs may expose people's private information and browsing habits.
- Domino effect: If multiple states adopt different verification methods, it could lead to a complex and restrictive system affecting everyone online.
These bills could also negatively impact adult content creators, who already face censorship and loss of income due to similar legislation like FOSTA-SESTA. Instead of relying on age-verification bills, experts recommend parents take a more proactive approach to protect children from adult content.
Plenty of Fish Launches “Share My Date” Feature
PR NEWSWIRE – Plenty of Fish is rolling out a new feature called Share My Date, designed to let members' loved ones know who, when, and where they're meeting dates right from the app, keeping everyone in the loop. A recent survey of 14K Plenty of Fish members found more than three-quarters (78%) share details about upcoming in-person dates with friends and family that include the date's name, date, location, time, and more. The data also revealed that 40% of the members, including 56% of women, would be more likely to give those details to loved ones if there were a feature built into their dating app that made sharing easier.
QuackQuack Survey: Divorcees Get a Second Shot at Love Online
BUSINESS INSIDER – Indian online dating app QuackQuack surveyed 14K men and women to discover that 12% of daters find true love in dating apps, after a failed relationship. 23% of single parents also found a second shot at love through online dating. According to QuackQuack's founder and CEO, Ravi Mittal, "We currently have ~23M users, and ~12% of these people are divorcees and single parents, all taking a second shot at love. 22% of women above 30 from tier 1 cities mentioned being tired of their singlehood but find traditional dating tough. 13% of single parents prefer online over offline since it gives them a chance to mention their parental status before meeting anyone in person and avoid wasting time with people who are not interested in dating a person with a child.