CNBC – Jan 23 – Badoo is seeking a sale that could value the company at $1.5B and reportedly hired J.P. Morgan Chase to help it find a buyer. Possible buyers include Match Group, non-U.S. based strategic buyers, and private equity buyers. Badoo is now owned by Russian entrepreneur Andrey Andreev and is also a majority owner of dating app Bumble (Badoo owned 79 percent of Bumble as of March 2016, according to TechCrunch).
by Alex Sherman & Leslie Picker
See full article at CNBC
RECODE – Jan 6 – Millions of Americans use social media daily. But that doesn't mean they love it. Some of the most-used social media products in the world – Twitter, Snapchat, Facebook and Instagram – are also some of the ones that Americans have strong negative feelings about, according to a recent Harris Poll survey. Tinder was also largely disliked. ~43% of people want it to go away.
by Rani Molla
See full article at Recode
TECH CRUNCH – Jan 10 – Bumble is hiring Clare O'Connor as its first Editorial Director, who will work directly with CEO Wolfe Herd and Bumble's content team to develop editorial content for their new arm called Bumble Media. O'Connor most recently was a staff writer at Forbes where she covered woman entrepreneurs, workplace equality, and diversity in tech and Silicon Valley. Outside of written editorial content Bumble will also invest in original video content spanning a range of format and genres. This video effort will be led by TV producers Erin and Sara Foster, who together are Bumble's Heads of Creative. The video below made by Bumble is a good example of what this may look like.
by Michele Laufik
See full article at BizBash
See all posts on Tinder
See all posts on Bumble
See all posts on OkCupid
KVUE – Dec 14 – Bumble stood up for one of their female users who claimed she was harassed by a man and told that she should put more effort into "looking tip-top." Bumble sent him this open letter Bumble noted that they were alerted to the abuse and obtained screenshots. They explained they did not violate any user's privacy, however, they have taken steps to block users who do not follow Bumbles Terms of Service.
by Brittany Daniel
See full article at KVUE
CALIFORNIA BLOG – Dec 14 – Forbes' annual 30 Under 30 issue highlights 30 people who are not only wildly successful but who also happen to be under the age of 30. Ms. Wolfe' dating app Bumble has ~22M registered users and is experiencing a YOY growth of 70%. Tinder has ~46M users and 10% growth. Monetization of the app started in August 2016. For 2017, Bumble is expected to exceed $100M in sales – and that figure is expected to double in 2018.
by Haley Rothwell
See full article at California Blog
by Christian Hargrave
See full article at App Developer Magazine
DAILYMAIL.CO.UK – Nov 27 – Bumble designed its new headquarters in Texas, specifically for women. It has its own breastfeeding room and beauty salon – and staff get a $1K bonus when they have a baby.
ITWIRE – Nov 22 – A third (35%) of Aussies have used Internet and online dating apps, with the number using the apps rising to half among millennials. The latest research by data and analytics company YouGov reveals that 53% of Aussies know at least one couple who met online. And this rises to 62% among millennials, and falls to 43% among baby boomers. According to the research, Tinder and Bumble are seen as the least respectable online dating services.
by Peter Dinham
See full article at ITWire
