TECH2 – Oct 28 – Facebook Dating is said to be available within the company's mobile app, but not on the desktop as of now. A new update has been discovered now. Facebook seems to have added a number of options in its gender section. It has the option of Woman, Trans Woman, Man, Trans Man and something peculiar called 'Non-Binary and/or Two-spirit'. This move shows Facebook Dating's inclusivity of all genders.
Category: Facebook Dating
Online Dating Could Be Worth $12 Billion
BUSINESS INSIDER – Oct 13 – Wall Street thinks online dating could be the next hot sector, and the latest estimate sees the market growing to $12 billion by 2020. It all comes down to peoples' increasing willingness to try out online dating, said Mark Kelley, an analyst with Nomura Instinet. "Roughly half of Internet users are single, and we estimate 20% of them will be willing to use online dating products by 2020 (up from 15% in 2015), which equates to ~310M people globally (excluding China)," Kelly said. Match will remain the clear leader. Even Facebook shouldn't be a concern.
by Graham Rapier
See full article at Bussines Insider
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Facebook Dating To Be Added To Users’ Profile Tab?
SOCIALBARREL – Oct 11 – Soon-to-be launched Facebook Dating could be accessible through users profile tab – and that is per reliable Jane Manchun Wong. Wong, who all the while has been consistent in bringing latest news on various Facebook products via her Twitter page, said users can access Facebook Dating through the profile tab as soon as it is launched. Wong supported her claim with the screenshot below.
See full article at SocialBarrel
Match Investors Should Worry About Bumble, Not Facebook
BLOOMBERG – Oct 2 – Match investors appear to have gotten over their Facebook fears. When the social media giant announced plans in May to launch an in-app dating feature, Match Group Inc. shares fell 22%. That, however, appears to have been just a blip. The stock is up more than 50 % since May 1 and has gained 81% for the year. But CEO Mandy Ginsberg isn't sitting still. "We'll have to see what happens and keep an eye on it," she said. Jefferies analyst Brent Thill is among those defending Match. He upgraded the stock to buy from hold in June. He doesn't see Facebook as a threat, at least not in the short term. Perhaps Match investors should be more worried about what's going on with Bumble, another millennial-focused dating app, said Thill.
Why Facebook Debuted Its New Dating Service In Colombia
FINANCE COLOMBIA – Sep 25 – Facebook launched the pilot of its new dating service last week in Colombia. With ~50M people living in Colombia, the country is capable of providing a lot of data quite quickly, and a lot of mingling will be possible in a short time. Facebook also says it chose Colombia due to the fact that its people are tech-savvy and highly social. Some 30M people in the country visit Facebook each month, and the company's WhatsApp messaging app is similarly widespread.
by Jared Wade
See full article at Finance Colombia
Reasons Not To Trust Facebook To Play Cupid
TECH CRUNCH – Sep 21 – Facebook getting into dating looks very much like a mid-life crisis – as a veteran social network desperately seeks a new strategy to stay relevant. Facebook is starting its dating experiment in Colombia, as its beta market. Its take on dating looks a lot more ‘marriage material’ than ‘casual encounters’. Though products don’t always pan out how their makers intend. The question is whether any sensible person should be letting Mark Zuckerberg fire cupid’s arrows on their behalf? Here are just a few reasons why we think you should stay as far away from Facebook’s dalliance with dating as you possibly can…
- It’s yet another cynical data grab. Facebook’s ad-targeting business model relies on users data to exist.
- Facebook’s history of privacy hostility shows it simply can’t be trusted.
- Singles already have amazingly diverse app choice.
- Facebook claims it has the algorithmic expertise but there’s no algorithmic formula to determine what makes one person click with another.
- Dating takes resource and focus away from problems Facebook should actually be fixing.
- By getting involved with dating, Facebook is mixing separate social streams.
by Natasha Lomas
See full article at Tech Crunch
Tinder CEO: I’m Not Worried About Facebook’s Dating App
YAHOO FINANCE – Sep 20 – Tinder CEO Elie Seidman is not worried about Facebook competing with Tinder. He thinks the social network will serve a different audience than Tinder.
Facebook Dating Is Launching In Colombia
TECH CRUNCH – Sep 20 – Users in Colombia are able to create a Facebook Dating profile now, but the company won’t start serving matches until there are enough sign ups. The dating feature is centered around an algorithm-powered homescreen of Suggested romantic matches based on everything Facebook knows about users. There’s no swiping and it’s not trying to look cool. “The goal of the team is to make Facebook simply the best place to start a relationship online”, said Facebook Dating’s product manager Nathan Sharp. For now there are no plans to monetize it with ads or premium subscriptions to bonus features. When users opt in, they verify their city using their phone’s location services, and decide whether to add details like a free-form bio, workplace, education, religion, height, and if they have children. Facebook offers non-binary genders and sexual orientations. To fill out their profile, they’ll choose up to a dozen photos they upload, are tagged in, previously posted to Facebook, or cross-posted from Instagram as well as answer up to 20 questions about their personality. Users can select to filter their matches by distance (up to a max radius of 100km), if they have children, religion, height, and age.
by Josh Constine
See full article at Tech Crunch
Facebook Dating Will Suggest Matches From Dating Groups
SOCIALBARREL – Sep 15 – According to Jane Manchun Wong, Facebook Dating will "show suggested matches from Dating Groups." Last month, Wong had posted an update on her Twitter page that Facebook was already testing Facebook Dating with members of staff. The new dating feature, however, won't be visible to everyone, but will only be seen by non-friends who have opted into dating. Matchmaking will be done by a bunch of preferences.
See full article at SocialBarrel
How The Internet Has Changed Dating
ECONOMIST – Aug 20 – Personal ads never accounted for more than 1% of marriages in America. Today dating sites and apps account for about a sixth of the first meetings that lead to marriage there. As early as 2010 the Internet had overtaken churches, neighbourhoods, classrooms and offices as a setting in which Americans might meet a partner of the opposite sex. In a 2013 study from Harvard University and the University of Chicago showed that marriages that started online were less likely to end in break-up. The business is worth $4.6B globally, growing fast and highly competitive. Match Group had revenues of $1.3B in 2017. Facebook is getting into the market, too. Many users, while welcoming the broadening of choice that the online world offers, are also becoming aware of its downsides. For those who find popularity on the apps, endless choice can become something of a burden. Others talk of the exhaustion of trawling through endless matches. New services are looking at ways to make their users happier.
See full article at The Economist
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