DAILYSTAR.CO.UK – Mar 19 – Jane and Andreas are one of the first couples who met on Match.com. They met in 2002 and 12 years later they are married with 3-year-old twin daughters.
by Laura Mitchell
See full article at DailyStar.co.uk
DAILYSTAR.CO.UK – Mar 19 – Jane and Andreas are one of the first couples who met on Match.com. They met in 2002 and 12 years later they are married with 3-year-old twin daughters.
by Laura Mitchell
See full article at DailyStar.co.uk
PR NEWSWIRE – Mar 5 – Snap Interactive, a company behind social discovery platform AYI.com, appointed Alex Harrington as COO. Mr. Harrington previously served as CEO of MeetMoi, a social dating mobile platform, prior to the sale to Match.com. In addition, SNAP announced the resignation of Jon Pedersen as CFO.
See full article at PR Newswire
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OPW – Mar 4 – We have just updated Experian Hitwise USA online dating rankings. POF took over the top spot in March 2009 and has remained there since – until today. Zoosk is now the top dating site in USA, according to Experian, with 15.78% of market share, followed by POF (13.51% of market share) and Match.com (9.63% of market share).
ADVOCATE – Feb 20 – Match.com's recent study found that single men and women, regardless of sexual orientation, have the same outlook when it comes to dating. 41% of gay men and 43% of lesbian women want to get married, as opposed to the 25% and 19% who don’t. 33% of gays and 37% of lesbians were unsure if marriage was right for them. As for starting a family, 15% of gay men and 18% of lesbians want children. Having a partner who is physically attractive is important to 90% of gay men and 87% of lesbian women.
by Justin Hernandez
See full article at Advocate
OPW INTERVIEW – Feb 18 – Germany has SPIN Kodex, a code for online dating sites that defines clear rules related to cancellations policy, recurring payments and privacy issues. UK has Online Dating Association (ODA) that gets standards in place. 13 UK internet dating companies are supporting the initiative now, including Match.com, eHarmony, FreeDating.co.uk, ChristianConnection.co.uk, DatingFactory and others. Here is our interview with George Kidd, the CEO of ODA.
What is ODA?
It’s a trade association for online dating businesses offering services to UK users. We work to set and maintain standards to protect users and to create a climate in which businesses can invest and innovate. We aim to inform and influence Government, regulators, the media and businesses on whom we have a reliance and close relationship.
Who are the founding members of ODA?
We had thirteen founders. This was an informal group of people who decided to take a lead in testing the case for an association and willing to put in the backing to get it off the ground. I am particularly grateful to Duncan Cunningham, our Chairman and his board; Jackie Elton, Karl Gregory, Julia Porter and Dan Winchester for their work.
How is it funded?
We have a hybrid funding model with a membership fee and a fixed payment for each site registered with ODA and carrying our logo and links.
We want to accommodate different business models including “white label”. We charge £50 per site alongside our core membership fee addressing the cost and complexity of dealing with a potentially very large and variable number of sites via the WL provider rather than each individual partner. But we do want to open membership to a broader set of those with interest and investment in the sector, including WL partners, IT, marketing, finance and other players.
What's your role and background George?
I had 20 years in Government, including time setting up the “Better Regulation Task Force and the Food Standards Agency. I worked on enforcement policy across Government and on deregulation drives in the leisure, employment and other sectors. I left over ten years ago to be CEO at PhonepayPlus, a telecoms content regulator.
I have been Chief Commissioner at the Direct Marketing Commission and Chair of UKPAC – the UK register of lobbyists. I have had non-exec board roles in legal services regulation and consulted for UK firms and an overseas government. I was British Consul in Chicago for four years promoting US investment in the UK.
Who's helping you?
eHarmony and Match and newer and niche sites like Muddy Matches, Lovestruck, Christian Connections and Would Like to Meet have helped with technical advice, media back-up, thoughts on funding models and ideas on what we and all members might be telling users when it comes to safe as well as enjoyable dating.
Leading white label firms have taken us through their customer service and support arrangements and they have coached us on the fraud issues.
What can you do for owners of iDating companies?
We want to be the eyes, ears and voice for the industry. We also want to play a role in developing and sharing best practice, as we have started to do with guidance on user safety. We will certainly be looking at what members say on subscriptions and renewal arrangements.
Do you function similarly to the BBB? How do you help users when they take issue with iDating sites performance?
The ODA has standards in its Code and we need to be sure these are being met. We would not want to get between companies and their users. ODA member has a duty to us and other members to have appropriate and effective arrangements in place for handling complaints.
Where can we find information on the code of conduct required by members?
On our website – www.onlinedatingassociation.org.uk. You can go direct to the Code at http://www.onlinedatingassociation.org.uk/membership/code.html.
The Code has some general rules:
How much is the membership, and how does it work?
It is based on their revenue. We have had to think about how to deal with pure start-ups, including those who launch with a free model. We then had to think about the need for a cap at the top-end to recognise that even the very largest business will have limits on the support they can be asked to give.
The fee is far less than half of one percent of turnover. This puts funding between £1,250 and £6,000 for all but the very smallest and largest of businesses.
FORBES – Feb 15 - Match represents nearly one-third of what is a $2.1B market that grew 7.1% last year, according to IBISWorld. Sam Yagan came to IAC as a co-founder of OKCupid. The 20-year history of online dating, he says, can be read as three epochs. The first few years were about search – the ability to find other singles, and to filter them by age, location, eye color, etc. Then, in 2000, eHarmony introduced algorithm. Now users want easier and faster way to meet. Mobile dating app usage exceeded desktop. Yagan would be first to acknowledge that his beloved algorithms are imperfect. Algorithms depend in large part on the stated preferences of users, and users tend to be bad at “weighting” preferences correctly. “Mobile and social are going to bring new data sets, and you’ll start to see step-change functions in algorithm quality,” promises Yagan.
NY POST – Feb 8 – Melissa Midwest, recently replaced part-time model Yuliana Avalos in heading a class-action suit accusing Match.com of posting fake dating profiles to attract paying members. In the amended $4.5B suit filed Jan. 27, Melissa claims she never joined the site and that her copyrighted photos have been used. The suit was originally filed on behalf in Avalos in November, and it then asked for $1.5B in compensatory and punitive damages.
CNBC – Feb 14 – According to Match.com latest survey, 31% of respondents met their last date online, versus 25% who met their date through a friend and 8% who met through work. The average single spends ~$61.53 a month on dating related activities, or $738.36 each year. With 111M singles in the U.S. alone, this means the dating industry in North America alone is worth $82B.
BUSINESSWEEK – Feb 13 – The paradox of online-dating industry: Success and customer retention are incompatible. So HowAboutWe started HowAboutWe for Couples, that suggests activities for couples. IAC has also been looking for a solution to “lifecycle management” for some time. “A lot of people think we should start a wedding business,’” says Sam Yagan, CEO of IAC’s Match Group. “The problem is that users leave Match after they find someone, and it’s years before they get married. We lose our right to communicate with them.” Match.com launched couples website, Delightful, in October, with a companion app released last month. Delightful is built around access to date planners. It has hired people with experience as tour guides, restaurateurs, and hotel concierges and helps secure last-minute reservations for its members, who pay $12 a month.
by Joshua Brustein
See full article at BusinessWeek
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IAC – Feb 5 – Match.com Q4 revenue was ~204M, up 12% YOY. Revenue growth was driven by an increase in subscribers. Operating income was $81.4M, up 30% YOY. Profits increased due to higher revenue and lower customer acquisition costs. In Dec, IAC created a new unit called Match Group that will focus on expanding the company's online-dating business. The new group will include IAC's Match businesses, Tutor.com, DailyBurn and IAC's investment in Skyllzone.