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Category: Outlets – Wall Street Journal

Q&A With OkCupid CEO Elie Seidman

Posted on August 14, 2017

OkCupid CEO Elie Seidman croppedWALL STREET JOURNAL – Aug 13 – After being named CEO of OkCupid in May 2016, Elie Seidman revamped the design of the app to include in-depth info about users and requiring them to answer questions about political beliefs.

Q: What has been the most difficult part about transitioning to CEO of an online dating site?
A: The real question when I started was, what is the core of this brand? The challenge that I saw was how consumers and customers conceptualize the category. We put our focus into "substance over selfies" – connecting based on shared sensibilities.

Q: Could you explain the "substance over selfies" focus?
A: We want people to meet someone based on who they are, not what they look like. We let users create their profiles by answering 15 iconic OkCupid questions.

Q: What is the biggest change happening in online dating right now?
A: Swiping apps went through a novelty phase. We're no longer in that phase.

Q: What does OkCupid do about harassment?
A: We have a very large and effective moderation team in the U.S. It combines artificial intelligence and machine learning to look at data points to see what's happening. If there is something a machine can't make a decision on, it gets kicked over to human moderators.

Q: What has been the most surprising online dating behavior you've learned about your users?
A: Dating habits do vary by city. For example, New York is the very worst U.S. city for guys messaging women, who reply to men's messages only 10% of the time.

Q: What is the biggest difference between meeting people online and meeting people in person?
A: There is an ineffable element of chemistry which you can't tell easily online.

Q: Where do big data and algorithms fall short when it comes to love?
A: The thing that we at OkCupid have going for us is that while we cannot replace chemistry, what we can do is find a lot of people with shared sensibility.

by Kari Paul
See full article at Wall Street Journal

See all posts on OkCupid

Summarized by the Courtland Brooks team

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Who Pays On The First Date? No One Knows Anymore

Posted on July 1, 2017

Who pays on first dateWALL STREET JOURNAL – June 27 – The popularity of the dating apps means singles are going on more first dates than ever. Many women say they have stopped doing the reach for their wallets because they are not only more likely to end up splitting the bill, but also more liable to cover all of it. The rules aren't complicated, according to etiquette experts. "If you invite, you pay," said Diane Gottsman, author of "Modern Etiquette for a Better Life." "But the reality is that the other person may not know the rules or realize it's a date."

by Khadeeja Safdar
See full article at Wall Street Journal

Summarized by the Courtland Brooks team

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Tinder Launches New Podcast Backed By Dating Data

Posted on December 7, 2016

WALL STREET JOURNAL – Tinder dtrDec 6 – The new show is called "DTR," short for "define the relationship". The six-part series, hosted by journalist and "This American Life" music supervisor Jane Marie, covers various topics surrounding dating in the digital age, like how to best construct an online profile or the precarious transfer of nude photographs.

by Steven Perlberg
See full article at Wall Street Journal

See all posts on Tinder

Summarized by the Courtland Brooks team

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Chinese Online Payment App Turned Into A Hook-up App

Posted on November 28, 2016

Alipay circlesWALL STREET JOURNAL – Nov 28 – Late last week, Ant Financial Services Group, the financial affiliate of e-commerce giant Alibaba, updated its flagship Alipay app with a new social feature called "Circles" that allows users to share messages and photos. Only women were allowed to post images in the groups that are publicly visible. The app initially divided men into two groups depending on their scores on Alipay's data-driven credit-rating system. Those with high scores were allowed to comment, while low-scorers were limited to "liking" photos and using the payment platform to give female users cash gifts. The result over the weekend was an explosion of photos of half naked women. In some cases, the photos came with messages indicating the women were looking for wealthy boyfriends. The company described Circles as an "open platform" that was still in the testing phase.

by Josh Chin
See full article at Wall Street Journal

Summarized by the Courtland Brooks team

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Dating Apps Court Older, Wealthier Users

Posted on October 14, 2016

Tinder downloadedWSJ – Oct 12 – After becoming popular among college students, dating apps Tinder, Happn and The League are now welcoming singles in their late 30s and beyond. The reason? Their money. People 35 and older contribute 30% of The League's revenue, though they make up only 20% of its users. "Once you've stocked the shelves, you can start monetizing," said Mark Brooks, CEO of Courtland Brooks, a company that helps dating companies with business development. Daters aged 35 and up, he says, "know what they want and are willing to pay for it." In the US, recurring payments bring in more than 80% of the dating industry's $2.6B in annual revenue, according to Mr. Brooks's estimates. The League's revenue jumped 10% when the company allowed users over 40 to purchase memberships. Tinder charges users 30+ twice what it charges younger users for premium features.

by Georgia Wells
See full article at Wall Street Journal

See all posts on Tinder
See all posts on Happn
See all posts on The League

Summarized by the Courtland Brooks team

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Chinese Dating App Momo Bets On Music

Posted on September 7, 2016

Momo app logoWSJ – Sep 7 – Momo, the Chinese Tinder, has moved from hooking up users to letting them get hooked on live music. It added a live-streaming function and lets users watch musicians perform live and interact with them. The shift has created a big splash. Momo's net revenue for Q2 tripled from a year earlier. That is mostly thanks to its live-streaming service, which already makes up more than half of the firm's revenue. Momo's stock has risen 56% since it released results.

by Jacky Wong
See full article at WSJ

See all posts on Momo

Summarized by the Courtland Brooks team

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Dating Website Users Fall Prey To Fake Profiles

Posted on September 1, 2016

Match fake profile barbieWSJ – Aug 31 – Victims lost ~$120M to "romance scams" in the first six months of 2016, up 23% YOY, according to the FBI's Internet Crime Complaint Center, which collects data on crimes primarily reported in the U.S. The $203M in losses from romance scams in 2015 exceeded most other Internet crimes tracked by the center. Mandy Ginsberg, CEO of Match Group North America, said scams affect a tiny percentage of 3.3M paid members in North America, and that antifraud efforts block "tens of thousands of people" from getting onto the site. The company said it also blocks users from certain countries in Africa and Eastern Europe. But it doesn't cross-reference photos with a reverse-image search because it believes that would flag too many legitimate customers.

by Jennifer Levitz
See full article at WSJ

See all posts on Match Group

Summarized by the Courtland Brooks team

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Match Group’s Profit Up 41% As Tinder Heats Up

Posted on July 28, 2016

Match group jan 16WSJ – July 26 – Match Group Q2 profit was $46.6M (up 41% YOY), boosted by more online daters signing up for premium paid services. Revenue increased 21% to $301M, from $248.8M a year ago. "Tinder was a massive contributor to the quarter," Match Group CFO Gary Swidler said. Tinder added ~200k paying subscribers in the quarter.

by Georgia Wells
See full article at WSJ

See all posts on Match Group

Summarized by the Courtland Brooks team

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Avid Life Rebrands Itself As Ruby Corp.

Posted on July 12, 2016

Ashleymadison new design tagline july 16WALL STREET JOURNAL – July 12 – The renaming is "an important step in our journey to completely rebuild the company as a relevant, digital dating innovator that truly cares for our customers," said recently-named Ruby Chief Executive Rob Segal. They also plan to repositioning its Ashley Madison brand, dropping its tagline "Life is Short. Have an Affair" for "Find Your Moment." The brand's logo – a wedding ring icon and "hush" imagery—has been replaced by a "modern, discreet" wordmark. A new global digital campaign and TV advertising will take a more understated approach, with no dialogue and a cinematic feel.

by Anne Steele
See full article at Wall Street Journal

See all posts on AshleyMadison

Summarized by the Courtland Brooks team

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Ashley Madison Parent Appoints New CEO

Posted on July 6, 2016

Avid life media new leadershipWALL STREET JOURNAL – July 5 – Avid Life Media said Tuesday that it had appointed a new chief executive, Rob Segal, and President, James Millership, to lead the company as it tries to recover from its widespread data breach last year. They both joined Avid Life Media in April. Mr. Segal previously founded Segal Communications, which was later acquired by advertising firm Interpublic Group of Cos., while Mr. Millership worked as CFO and COO of online gaming platform WorldGaming, bought last year by entertainment company Cineplex. "The company is truly sorry for how people's lives and relationships may have been affected by the criminal theft of personal information," Mr. Segal said.

by Maria Armental & Austen Hufford
See full article at Wall Street Journal

See all posts on AshleyMadison

Summarized by the Courtland Brooks team

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