PRESS RELEASE – Sep 17 – MeetMe,
the public market leader for social discovery, surpassed 1M DAU in the
US. Last month, the company announced the launch of Spanish and
Portuguese language options. MeetMe receives more than 60% of its daily
usage from mobile devices.
This post also appears on SocialNetworkingWatch.
EXAMINER – Aug 22 - Meetme.com describes itself as a “social gathering place” – a place for people wanting to make friends, date, and/or play video games.
Q: How Meetme.com works?
Geoff: Meetme.com is a re-imagination of offline activities – like meeting people at a bar or coffee house, but online.
Q: Is there a fee structure?
A: It’s free to join. You can purchase our Spotlight services for 50 credits or $1 to get access to more profile views and more friend requests.
Q: Who do you consider your competition?
A: Badoo and Tagged.com.
Q: What % of your members use the mobile app vs. the website?
A: ~60% of our daily active users are mobile users.
Q: Do you notice more people in urban areas using it, like L.A. and New York?
A: According to our survey 57% of our users met in person with someone they first met on app. 56% met for friendship and 44% for dating. The likelihood of someone to meet in real life is same – whether it’s an urban city like L.A. or some small town.
by Kelly Seal
The full article was originally published at Examiner, but is no longer available.
CLOSE-UP MEDIA – Aug 17 – MeetMe, a public market company for social discovery, has launched Spanish and Portuguese language options on web and Android, with iPhone expected in the coming weeks. The launch of these initial two languages marks a step toward internationalization of the platform. By the end of the year, MeetMe will be available in 6 languages.
See full article at TechZone360
This post also appears on SocialNetworkingWatch.
MARKETWIRE – Aug 9 – MeetMe, the social discovery service, reported its financial results for Q2 2012. MeetMe revenue was $13.1M, up 706% YOY. Mobile revenue grew 73% sequentially to $1.3M, and 152% versus the same period a year ago. On June 5 the company announced the rebrand of myYearbook to MeetMe and the name change of the company from Quepasa Corporation to MeetMe.
This post also appears on SocialNetworkingWatch.
PRESS RELEASE – Aug 9 – Men’s Health, the largest men’s magazine in the world, and Women’s Health, which reaches 13M consumers monthly, have partnered with social network MeetMe, the social network to meet new people and 18th most trafficked site in the US, to conduct “The Definitive Survey on the State of Friendship in America.” The survey reflects all aspects of friendship – from how we stay in touch to how many close friends we have, to why friends sometimes “break up.” 72% of men and 84% of women report having a “best” friend. 58% of men and 69% of women have “friended” a person of the opposite sex online just because she or he was hot. 57% of men and 66% of women are still friends with a former girlfriend or boyfriend. 62% of men and 53% of women have had post-breakup sex.
See full article at Yahoo! Finance
This post also appears on SocialNetworkingWatch.
SEEKING ALPHA – Aug 3 – MeetMe, the company formally known as Quepasa, has fallen under the radar of investors during the past year. Quepasa served primarily as a social media site for the Latin and Spanish speaking community. The launch of Facebook's Spanish platform completely thwarted Quepasa's initial potential to grow. During the Q1 '12, MeetMe earned record revenue of $10.8M. However, this was quickly eaten away during the same quarter, resulting in a Q1 loss per share of -$0.05. They spent 270% more on product development and content (their biggest operating expense of over $6M), 400% more on sales and marketing and 130% more on general and administrative costs. Their total operating costs and expenses totaled $12.4M for 2012 whereas in 2011, this number was $3.6M. Because of some recent developments within the past two quarters a turnaround is inevitable. MyYearbook (acquired by Quepasa during 2011) launched its first app for the iPad and has reported a total of over 500K daily page views. On February, the company launched the offering of mobile virtual currency. This is a huge factor because ~60% of total page views come from MeetMe's mobile users. In their 10-Q filing with the SEC for quarter one results, MeetMe mentioned that 33% of earned revenue came from sales of their virtual currency, both mobile and web-based, for a total of approximately $3.6M.
by Kyle Walker
See full article at Seeking Alpha
Mark Brooks: Courtland Brooks is now working with Meetme.
This post also appears on SocialNetworkingWatch.
MARKETWIRE – July 24 – MeetMe, the public market leader for social discovery, will present at the SocialDiscovery.org conference on August 6-7, 2012 in San Francisco. Geoff Cook, COO and President will cover people discovery and the opportunity to build a mass market brand for meeting new people by engineering serendipity. Social discovery has emerged as the latest trend in social media and social networking, as users join networks to find people, places and things based on their specific interests.
The full article was originally published at MarketWatch, but is no longer available.
MARKETWATCH – June 27 – MeetMe newly created YouTube channel, MeetMeVideos, has surpassed one million views. The channel, located at www.youtube.com/meetmevideos, was launched on April 4 to support the platform's first user-generated MeetMe Video Contest. The contest asked members to submit a video in those categories: "Meet Me," "Best Meeting," "Worst Meeting," "Who Do You Want?," "Dying to Meet," and "Funniest Pick-up Lines." The MeetMeVideos channel includes finalists' entries and compilations of members' best submissions. The MeetMe brand grew out of the merger of myYearbook and Quepasa in November 2011.
The full article was originally published at MarketWatch, but is no longer available.