TELEGRAPH.CO.UK – Aug 10 – The average age of women who tied the knot in England and Wales in 2008 was 33.8 and 36.5 for men, which rose to 35.8 and 38.1 in 2018, according to the latest data from the Office for National Statistics (ONS). This is partly due to the surge of so-called "silver splitters", those who divorce then remarry in later life. The number of brides and grooms aged 65 and over has increased more than any other age bracket in the past decade. Between 2004 and 2014, there was a rise of 46% from 7,468 to 10,937. The numbers have been steadily rising from 2009 onwards. Access to dating websites and financial independence are among the reasons suggested for this surge in later life marriage. Fewer young people getting married, the overall number of marriages in England and Wales is currently at its lowest level since 2009.
Category: Outlets – Telegraph
Andrey Andreev to Launch Social Network, Stereo
TELEGRAPH.CO.UK – Nov 2 – Andrey Andreev, the billionaire founder of Badoo, will soon launch a new kind of social network based around audio, called Stereo. He is the founder, CEO and primary backer of the app, which will let users engage in voice-based chats or listen in on conversations between friends or celebrities. The app is in beta mode with a team made up of former Badoo staff in the UK and Silicon Valley.
by Matthew Field
See full article at Telegraph.co.uk
This post also appears on Very Social Network
Chinese Spend $30B on Singles’ Day
TELEGRAPH.CO.UK – Nov 12 – Alibaba said sales for its annual Singles' Day shopping blitz have exceeded $30B, putting the event on track to set a record in its 11th year. The figure is equivalent to ~80% of Amazon's sales in its most recent quarter. Singles day or Guanggun Jie (Nov 11) is a shopping holiday popular among young Chinese people that celebrate their pride in being single. Alibaba turned China's informal Singles' Day into a shopping event a decade ago and built it into the world's biggest online sales fest.
Bumble Founder Gets £4M Dividend Ahead of Potential Float
TELEGRAPH.CO.UK – Oct 6 – Bumble CEO & founder Whitney Wolfe Herd enjoyed a £4M dividend ahead of a possible float for the firm's parent company. Badoo is the UK-headquartered majority owner of Bumble, which also controls gay dating app Chappy and over 50s app Lumen. Wolfe Herd owns ~20% of Bumble. According to UK accounts for Badoo, Bumble now makes up 48% of the business, making it the crown jewel in Mr Andreev's dating empire. Andreev snapped up a 79%c stake in Bumble and has bankrolled founder Ms Wolfe Herd, creating a rival to Tinder. Badoo has been rumoured to be preparing for a US listing itself, with its Bumble asset valued on its own at north of $1B.
by Matthew Field
See full article at Telegraph.co.uk
See all posts on Badoo See all posts on Chappy
See all posts on Bumble See all posts on Lumen
Japanese Sign up for DNA Matchmaking as Country Faces Demographic Crisis
TELEGRAPH.CO.UK – June 22 – One critical new criteria for finding the perfect partner was recently added to Japan’s fast-paced dating world, with the launch of a new service that promises to find love based on DNA compatibility. Created by the dating company Nozze., which operates 21 branches across Japan, DNA Matching works with scientists at a Tokyo laboratory in order to decode the science of attraction and find the perfect match for its clients. Earlier this week, new government figures revealed that almost half of Japanese singles who wished to marry were unable to find a suitable partner, with 60% admitting they were not doing anything to change the situation. Satoru Fujimura, PR manager of Nozze., said: "We believe 50% of a person's attraction to another person is due to DNA. And the other 50% is environment. We believe that people with the most different types of DNA (HLA) make the best couples."
CEO of Hinge: I Had Heartbreak So I Built My Own Dating App
TELEGRAPH.CO.UK – Apr 23 – Earlier this month, Hinge revealed a redesign, with a more 'sophisticated' look, to encourage less swiping and more meaningful communication. The technology behind most dating apps is, says CEO & Founder, Justin McLeod, "literally designed to be addictive". "They're hacking your biology and your neurochemistry to keep you coming back. The parallels to addiction are really striking." In his twenties, he battled drug and alcohol addictions, which saw him in and out of rehab. He now considers himself adept at spotting addictive tendencies. "The drug of choice is now social media, which is free and just as destructive. Hinge is designed to be deleted, and everyone else is designed to be addictive," he adds.
Tinder Fueling Rise in 30somethings Unwanted Pregnancies, Says Minister
Dating Apps and Netflix Responsible for Fall in 24-hour Alcohol Licences
Badoo Is Facing An Investigation By HMRC Over Its Corporate Tax Bill
TELEGRAPH.CO.UK – Nov 7 – Badoo, part of the matchmaking empire controlled by Russian tycoon Andrey Andreev, is under investigation for its tax payments for the years 2013 to 2016. The news comes as Mr Andreev, 44, whose fortune has been estimated at over £1B, talks up plans to take the company public in a New York listing which could value it at several billion dollars. Badoo is structured with more than a dozen subsidiaries as well as other investments. Its parent company is listed as World Vision, a company incorporated in Bermuda, which in turn is controlled by Rimburg International, a company domiciled in the British Virgin Islands. A separate entity, Badoo Limited, also said it was under investigation. The company reported turnover of £144M for the year ending December 2017, up from £107M in the previous 12 months, for a reported loss of £5.6M. Badoo said the loss was "primarily due to the marketing focus of the business".
Dating App Divorces Are On The Rise
THE TELEGRAPH – Oct 30 – According to a recent study of European and American online dating users by Erasmus University in the Netherlands, 25% of users on Tinder come with many, sometimes hidden, strings attached. Figures for the U.K. are unclear, but Elisabeth Timmermans, the lead researcher, says data from the U.S. suggests that over half of users there are already in a relationship. The Erasmus study found that "non-single" Tinder users "report a higher number of romantic relationships, French kisses, one-night stands, and casual sexual relationships with other Tinder users compared to single Tinder users". Narcissism and Machiavellianism were positively associated with using Tinder for an ego-boost.