Month: November 2024

Bumble Shares Dating Trends to Look out for in 2025

Posted on November 14, 2024

Bumble logo
HYPEBAE – Bumble's 2025 dating trends reveal how dating is evolving, with shifts in what people want from relationships. Key trends include:

  • Women know what they want: Gen Z women are dating but no longer tolerate behavior they don't like.
  • Romance is back: Many women are seeking more romance in their dating lives.
  • Real, honest dating content: Singles embrace authentic, unfiltered dating experiences online.
  • Niche interests are attractive: Unique hobbies like fandoms and book clubs are becoming more appealing.
  • Men are challenging stereotypes: Conversations about breaking traditional male roles are increasing.
  • Stability matters: People are prioritizing emotional support and stability in their partners.
  • Better support from men: Men are becoming better friends and emotional support for women.

by Gigi Fong
See full article at Hypebae

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Ashley Madison Study Explores Why People Cheat

Posted on November 13, 2024

AshleyMadison iconASKMEN – Ashley Madison's study, "Lifting the Veil on Infidelity," reveals that sexual dissatisfaction is the primary reason people cheat, especially among Ashley Madison users, while falling out of love is a more common reason among the general population. Boredom, loss of affection or attention, and a desire for novelty were also common answers. The data confirm that men were more likely than women to cheat (albeit by a relatively small margin), but it also confirmed that men were (slightly) more willing to forgive an unfaithful partner.

by Jack Dawes
See full article at AskMen

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Grindr Launches HIV Self-Test Kit Programme in Namibia

Posted on November 13, 2024

Grindr logoMAMBA ONLINE – Grindr has launched its first HIV self-test kit program in Africa, partnering with IntraHealth Namibia to offer free, home-delivered kits for users in Namibia. This initiative, part of Grindr for Equality, also expands to Australia through a partnership with NAPWHA. Users can order kits directly via the Grindr app, making HIV testing more private and accessible.

See full article at Mamba Online

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Serial Litigator Targets Major Dating Apps Over Biometrics

Posted on November 11, 2024

LawsuitOPW – Michael Massel, a serial litigator based in Illinois, has become known for his prolific use of the Illinois Biometric Information Privacy Act (BIPA) to file class-action lawsuits against some of the largest players in online dating. Massel's recent suits target prominent platforms like Millionaire Match, Victoria Milan, and Luxy. Massel's lawsuits allege these companies collected, stored, and utilized sensitive biometric data, such as facial scans, without securing explicit user consent or adequately disclosing data usage and retention policies. Under BIPA, companies must obtain clear, informed consent before collecting biometric data. Fines are up to $5,000 per violation. Beyond the dating industry, Massel has expanded his litigation efforts to other sectors, filing lawsuits against companies like Zengo, Coinbase, CoinZoom, PaySec USA, Steak 'n Shake, and Foris Dax.

See all posts on MillionaireMatch               See the top news on Victoria Milan
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The Payments Group Partners With HubPeople for Cash Payments

Posted on November 11, 2024

HubPeople logoPR NEWSWIRE – The Payments Group (TPG), a new global payments company, has partnered with HubPeople, an AI-based software platform that powers many dating apps and websites. Anyone using a HubPeople-powered dating app will now be able to pay for their dating subscriptions in cash with TPG's CashtoCode service. Cash deposits can be made at 550K physical POS locations worldwide, including newsagents, petrol stations, and supermarkets.

See full article at PR Newswire

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Match Shares Tumble, Signaling an Opening for Dating Startups

Posted on November 11, 2024

Dating apps many on screenBUSINESS INSIDER – Match and Bumble stocks wavered. Tinder expects another drop in paying users in Q4. A 2024 Forbes Health survey reported 78% of Americans felt exhausted by dating apps. Match Group shares dropped 18% Thursday after Tinder paying users fell 4% to 9.9m in Q3. Hinge Q3 revenue grew 36%. Bumble saw 10% paying user growth to 2.9m. ARPU dropped 10%. Revenue was flat, dropping 0.7% to $274m.

Hinge now limits users' simultaneous match conversations to reduce unanswered messages to help "daters shift their mindset from quantity to quality of matches" and follow through with their matches. This is helping increase response rates on the app.

Earlier this year, Bumble acquired Geneva, a group chat app for niche communities for $17m. Bumble founder and chair Whitney Wolfe Herd said we "will not be a dating app in a few years" but rather for "human connection." CEO Lidiane Jones said the company will "enable the next generation of online-to-real-world connections."

by Dan Latu, Katie Balevic & Sydney Bradley
See full article at Business Insider

Mark Brooks: Dating companies need to persuade the public they have their best interests at heart. User sentiment is changing. We need to solve the continuity problem by broadening our perspective while increasing our sheer utility in dating. AI is the future.

See the top news on Tinder                See the top news on Match Group
See the top news on Bumble              See the top news on Hinge

Matrimony.com Optimistic About Revenue Growth

Posted on November 11, 2024

Matrimony Sushanth PaiCNBNC TV18 – Matrimony's CFO Sushanth Pai anticipates a strong recovery in Q3 and Q4, fueled by the wedding season and new initiatives like The Great Indian Matchmaking Fest. Matrimony.com posted Q2 revenue of ₹115 crore ($13.6m USD), down 5% YOY, with EBITDA margins at 15%, down from 16.7% last year. Average transaction value held steady between ₹4,400-4,500 ($53). The group has 300+ communities.

by Vivek Iyer & Mangalam Maloo
See full article at CNBC TV18

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InPress, a Dating App for News Junkies

Posted on November 8, 2024

InPress logoWASHINGTONIAN – InPress is half news aggregator, half matchmaker, linking users based on their shared media consumption. InPress is available only in Washington. CEO Adam Harder is a former journalist. InPress handpicks articles, and users rate them with emotions such as "excited" or "angry" and score how important and interesting the article was to them. Potential matches are based on an algorithm that takes into account similarities between users' reads and ratings. Then they swipe right and left for matches.

by Daniella Byck
See full article at Washingtonian

Matrimony.com Muted Q2 Numbers, Launches Luv.com and ManyJobs.com

Posted on November 7, 2024

Matrimonycom logo higher resolutionBUSINESS STANDARD – Matrimony.com billing revenue stood at Rs 111 crore ($13.1m USD) in Q2 2024, down 5.2% YOY. Profit After Tax was Rs 13.2 crore ($1.6m), down 5% YOY. EBITDA margins were at 15.2% in Q2. Murugavel Janakiraman, chairman and MD said, "This quarter was muted in terms of revenue growth due to seasonality. We expect to move to positive trajectory in Q3. To leverage on our brand strength and network effects, we have launched new / adjacent businesses. These initiatives have the growth potential in the years to come". The company launched an app (on Android) Luv.com in the matchmaking space to address next generation serious relationships. It also launched a new line of business called "ManyJobs.com" to focus exclusively on grey-collar, front- line and entry level jobs.

See full article at Business Standard

See the top news on Matrimony.com