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Category: Outlets – Globe and Mail

Singles Are Fed up With Dating Apps and Returning to the Real World to Meet Their Match

Posted on May 31, 2024

Online datingTHE GLOBE AND MAIL – From Gen Z to seniors, many are tired of online dating due to mind games, ghosting, rejection, scammers, and increasing costs. App downloads for Tinder, Hinge, and Bumble have declined since 2020. Pew Research Center found that 11% of hetero couples and nearly 30% of LGBTQIA+ couples met online, but many now find online dating too much work with little payoff. In response, Tinder and Bumble have added features, but user dissatisfaction persists. Speed dating and matchmaking services are making a comeback, offering real-world interactions and personalized matchmaking, often at a premium cost. This shift reflects a desire to return to more traditional dating methods.

by Samantha Edwards
See full article at The Globe and Mail

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

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In the Age of Online Dating, Is Matchmaking Making a Comeback?

Posted on November 14, 2023

In the age of online dating  is matchmaking making a comeback?GLOBE AND MAIL – Matchmaking services range up to $9k and higher. Matchmakers have been playing cupid since ancient times. Online dating eclipsed them. Reality TV shows such as Netflix's Indian Matchmaking convinced viewers that matchmakers may be the way to find love today, even when dating apps offer love at their fingertips. Now, others such as Jewish Matchmaking and Match Me Abroad are following suit. They offer the guidance of a real person – coach, expert, cheerleader.

In October, Tinder introduced Tinder Matchmaker, letting friends suggest matches. Single to Shaadi serves South Asians and is based in U.S.A. Pat Wright, is a matchmaker in Calgary, and points to personality. "I know all of my clients extremely well. We talk to them all the time". Clients call her back, not e-mail or text, after a first date so they can explore how it went.

by Keena Al-Wahaidi
See full article at Globe and Mail

Mark Brooks: Matchmakers charge a premium for layering in coaching services. They get to know their clients best after they've seen them go through multiple dates and they've heard their feedback. They are then able to form a better sense of who the client is and what they really appear to want, along with the idiosyncracies and true character. Matchmakers excel at providing pre-date preparation (i.e. selling the couples on each other) and post-date feedback (i.e. hearing their gripes). Matchmakers suffer for generally lacking choice, so the best matchmakers will network with other trusted matchmakers and share their inventory of clients for matching. btw, I own Matchmaker.com and we're building it to solve these problems. Watch this space. We're fascinated by matchmakers and matchmaking.

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Ex-Facebook Exec, Venture Capitalists Lose Appeal Over Secretive Tinder Sale

Posted on December 2, 2021

Lawsuit picGLOBE AND MAIL – An Ontario judge has dismissed appeals by a former Facebook executive and two Toronto venture capitalists to overturn a 2019 decision that found they owed more ~$15M in damages and lost profit to the investors' former business partners after the sale of a company that held an interest in Tinder. Justice William Hourigan took the original Superior Court of Justice decision further, ordering that the appellants pay the entire $29.5M profit from the sale, plus costs and interest, to the venture capitalists who successfully beat the appeal. In 2012, Extreme Venture Partners sold a software company called Xtreme Labs to Chamath Palihapitiya, a Silicon Valley investor and former Facebook executive, valuing the company at $18M. At the time, Xtreme Labs had a 13% stake in another company called Hatch Labs – which had developed a dating app called Tinder. Court filings show that two principals of Extreme Venture Partners, Amar Varma and Sundeep Madra, kept an interest in Xtreme Labs after the 2012 sale. Mr. Varma, Mr. Madra and Mr. Palihapitiya later sold Hatch Labs to an American company in 2014 for $29.5M.

by Josh O'Kane
See full article at Globe and Mail

See the top news on Tinder

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POF Founder Markus Frind Sets His Sights on B.C. Wine Industry

Posted on April 30, 2019

Markus frind vineryTHE GLOBE AND MAIL – Apr 29 – Markus Frind sold POF for $575M in 2015 and is now establishing his Frind Estate Winery in the Okanagan region. With famed winemaker Eric von Krosigk – co-founder of Summerhill Estate Winery and winner of 300 wine medals – overseeing the operation, the business is set to bottle its first product in May. It will start selling in June at its production facility, located on the 13-acre West Kelowna lakeside estate once owned by former premiers W.A.C. Bennett and son Bill Bennett that Mr. Frind purchased for $7.2M in 2017. B.C. has 280 wineries and the provincial industry is dominated by three giants: VMF Estates, Arterra Wines Canada, and publicly traded Andrew Peller. But Mr. Frind maintains his business "will be a serious winery, one of the biggest in B.C." Central to Mr. Frind's plan is turning 300 acres of hilly grazing land in Kelowna into terrain suitable for vineyards. With no water on site and no opportunity under provincial law to subdivide for development, the land sat on the market for years before he bought it for $3.7M in Sep, 2017.

by Sean Silcoff
See full article at The Globe and Mail

See all posts on POF

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Ashley Madison Hack Was Not A Wake Up Call

Posted on December 16, 2015

Ashleymadison screenshotTHE GLOBE AND MAIL – Dec 16 – The data breach that aired the personal dealings and financial information of Ashley Madison clients has yet to spur concrete changes in security. Months later, public interest in the hack has faded – and so has the incentive for companies to beef up their security. Avid Life Media will likely bounce back.

by Paola Loriggio
The full article was originally published at Globe and Mail, but is no longer available.

See all posts on AshleyMadison

Summarized by the Courtland Brooks team

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Tinder Sparks Legal Battle In Toronto

Posted on October 12, 2015

IStock_000039194088_LargeGLOBE AND MAIL – Oct 11 – Lawyers for Extreme Venture Partners Fund and three of its founders, Ravinder Sharma, Imran Bashir and Kenneth Teslia, filed a claim demanding more than $200M in damages and alleging that two former business partners, Amar Varma and Sundeep Madra, conspired with a Silicon Valley-based friend and former Facebook vice-president Chamath Palihapitiya to hide the interest in Tinder and buy it out from under them.

by Jeff Gray
See full article at The Globe and Mail

See all posts on Tinder

Summarized by Courtland Brooks Internet Dating Marketing Consulting

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“Markus Frind Is A Machine”

Posted on July 20, 2015

Pof markus frindTHE GLOBE AND MAIL – July 14 – Last week Markus Frind cemented his status as one of Canada’s most successful entrepreneurs, selling POF to Match for $575M. Match has been trying to buy it for a decade, but he never considered selling out until after his daughter Ava was born. "I think he will invest and help a lot of businesses," said Arash Fasihi, founder of Cymax Stores, an online furniture retailer that recently took an $18M investment from Mr. Frind. Frind launched POF in 2003. He grew the business on his own, teaching himself about marketing, business development and product. In 2009, he hired his first developer. By then, he had 10M users. At the core of Plentyoffish was an algorithm that Mr. Frind constantly tweaked that used "behavioural match-making" to predict successful relationships. "Markus is a machine," said fellow entrepreneur Andrew Reid, founder of Vision Critical. "A lot of his success can be attributed to his drive and focus on data and predictive analytics."

by Sean Silcoff
See full article at Globe and Mail

See all posts on POF

Summarized by Courtland Brooks Internet Dating Marketing Consulting

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ComsCore Canadian Online Dating Rankings

Posted on July 20, 2015

THE GLOBE AND MAIL – July 16 – PlentyOfFish notched ~1.85M unique visitors in May, according to data from comScore, making it the most visited dating site in Canada. Match Group sites came in second, at 1.73M unique visitors for the month. Tinder received 670K unique Canadian visitors in May, a 189% rise YOY. Match Group posted visitor growth of 33% YOY. But minus Tinder, it saw a 0.84% decrease in visitors.

Canadian online dating unique visitors
Change in canadian online dating users
See full article at Globe and Mail

See all posts on Match
See all posts on POF

Summarized by Courtland Brooks Internet Dating Marketing Consulting

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OkCupid Co-founder: The ‘Human Story’ Behind Big Data

Posted on January 5, 2015

ChristianRudderGLOBE AND MAIL – Jan 2 – Christian Rudder recently took the wealth of information OkCupid has accumulated over its decade online and spun it from blog into book: Dataclysm: Who We Are (When We Think No One’s Looking), which outlines familiar insights about human behaviour. The book confirms that, men tend to find 22-year-old women the most attractive, women find men around their own age best-looking, and people routinely rate potential matches of their own ethnicity as more attractive than others. “If Big Data’s two running stories have been surveillance and money, for the last three years I’ve been working on a third: The human story,” he writes in the introduction to Dataclysm.

by Christine Dobby
See full article at The Globe and Mail

See all posts on OkCupid

Summarized by Courtland Brooks Internet Dating Marketing Consulting

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Single Mom Used OKCupid To Make Friends

Posted on July 21, 2014

Okcupid logo aktualniTHE GLOBE AND MAIL – July 17 – Solmes, a single mother used OkCupid to meet other single mothers. She scoured through profiles, looking for women who had the highest compatibility index with her, and then messaged them. Looking for new girlfriends later in life is a lot like dating. Websites such as GirlFriendCircles.com, a “dating site for women finding friends,” tap into our tendency to hit it off with people who are substantially like us. A Yale study published this week found that we make friends with people who are genetically similar to us. Shasta Nelson, started GirlFriendCircles.com in 2009. The site now counts 40K member.

by Zosia Bielski
See full article at The Globe and Mail

See all posts on OkCupid

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