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Category: Outlets – Wall Street Journal

Online, Is Dream Date A Scam?

Posted on May 4, 2011

Scammer WSJ – May 4 – Many of the profiles on dating sites are scams, fake profiles people put up as a tool to trick people into giving them money. eHarmony spokesman Paul Breton says the company tries to educate members about safety, and a full-time team reviews profiles using technology and their instincts. The online dating industry says scammers represent a small fraction of all profiles. "But scammers are aggressive," says Mark Brooks, an industry consultant who has worked with Cupid and PlentyofFish. At the FBI, one Cyber Division section chief, Tim Gallagher, says most scammers operate from abroad, especially West Africa and the former Soviet republics. Brooks said: "Online-dating sites use three lines of defense against scammers. There's technology: An automated system will track how many messages a profile sends per hour, or searches for words like "wire." A security team may scan suspicious profiles. Most reputable sites encourage users to flag inappropriate behavior, including money requests." Global Personals, the British owner of U.S. sites including Texasdating.com and Theseniordatingagency.com, says it has a person—not a computer—check every photo, profile and message. Global Personals estimates it identifies about a dozen scammers a day and pulls their profiles down immediately.

by Elizabeth Bernstein
See full article at WSJ

"The issue of scammers is a pressing problem and has been a major source of concern for most of our clients. Without an effective screening mechanism, it would spell big trouble for expanding dating sites" says Siamak Ayani, CEO of OculusAI, a company that provides Image Moderation services to Dating Sites. He adds that his company has been developing an intelligent system to flag scammers based on their images by comparing them with known scammer images.

(Full Disclosure: Global Personals and OculusAI are clients of Courtland Brooks)

See all posts on eHarmony

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Chinese Dating Site Jiayuan.com Files To Sell $100M In IPO

Posted on April 21, 2011

Jiauan logo DOW JONES NEWSWIRE – Aur 21 – Chinese dating site Jiayuan.com filed to sell up to $100M of American depositary shares in an IPO. The company didn't specify how many ADSs it plans to sell or at what price. Jiayuan.com calls itself the biggest online dating platform in China. The company's revenue more than doubled last year, though its loss widened.

by Nathan Becker
The full article was originally published at WSJ, but is no longer available.

See all posts on Jiayuan.com

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Scary New Dating Site: The Real World

Posted on March 29, 2011

Online dating keyboard WSJ – Mar 19 – For generations, people met at parties, in church or synagogue, through friends. But then we went online. We began making friends on Facebook and trolling for potential partners on websites like Match.com and eHarmony. Sometimes it works. That's, of course, if anyone bothers to email back. A lawsuit filed in Dec and seeking class-action status alleges more than half the profiles on Match.com are "inactive, fake or fraudulent." Match.com GM Mandy Ginsberg says the site's full-time fraud-prevention team works to identify and block fake profiles, including IPs that are in specific countries where fraud is prevalent or that try to set up multiple profiles. There are 1.7M paid subscribers on the site, Ms. Ginsberg says, and fraud happens to very few of them.

by Elizabeth Bernstein
See full article at WSJ

Mark Brooks: Sure, the real world is nice.  But online dating is nicer.  Why?  More selection, more safety, and dating sites allow people to get the tough questions out of the way up front.

See all posts on Match.com
See all posts on eHarmony

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Meetic To Launch iPhone App

Posted on February 14, 2011

Meetic logo WSJ – Feb 14 – Marc Simoncini, Meetic's founder, aims to extend his European online-dating empire to smartphones—and get more users to pay. Marc worries that only one in 10 people who sign up to his sites pays to meet someone. Dating sites don't lock customers in for long periods of time, so it's important to keep them coming back for more, says Patrick Jousseaume, an analyst at French bank Société Générale. Faced with competition from the likes of eHarmony and free dating sites such Badoo.com, Meetic wants to buck the trend. At present, subscribers spend two hours a day on the site. "With a smartphone this could go up to five hours a day," says Simoncini. In March, Meetic plans to launch its iPhone app, and it hopes to dominate the smartphone dating market within the next three years. FULL ARTICLE @ WSJ

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Diller Steps Down As IAC CEO

Posted on December 2, 2010

Barry diller1 WSJ – Dec 2 - Barry Diller is stepping aside as CEO of IAC/InteractiveCorp. as fellow media mogul John Malone agreed to an asset swap that leaves Mr. Diller as IAC's biggest shareholder. Mr. Diller is turning over the CEO job to Greg Blatt, who has been the head of Match.com. Mr. Diller will remain IAC's chairman. Mr. Blatt started running Match.com in Feb '09. FULL ARTICLE @ WSJ

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Head Of eHarmony Seeks Something Long-Term

Posted on November 22, 2010
Greg waldorf WSJ – Nov 22 - U.S. growth has slowed in the past few years at eHarmony.com, which has annual revenue of ~$250M. eHarmony must constantly advertise. In August, it started a $30M ad campaign. Mr. Waldorf was an early investor in eHarmony and served on its board from the beginning. He was named CEO in 2006.
Q: How has the economy affected your subscription base?
A: On days when the Dow Jones Industrial Average shed 100 points or more, eHarmony saw ~2% increase in the number of pages people viewed on the site

Q: So why is growth slowing in the U.S?
A: Still a lot of people who, before they make a decision to use eHarmony, want to exhaust all the other alternatives.

Q: Do the Census findings that marriages are on the decline spell problems?
A: I don't think anything in the data indicate that fewer people are looking for long-term, quality relationships. If anything, I think there's been an increase in the rate of cohabitations.

Q: Why keep same-sex matches separate from the regular site?
A: It lets us target that demographic specifically.

Q: You've been expanding overseas. Does your matching technology change when you go into different countries?
A: You have to redo the matching algorithm. There are some cultural aspects around relationships that can change. 

Q: Are some international markets more difficult?
A: The biggest challenge is customer acquisition. In other countries, eHarmony doesn't have the benefit of brand recognition.

Q: How can you address that?
A: Last year, we were about to launch continental Europe ourselves. Instead we invested in eDarling. They know how to operate in multiple countries with so many different languages and regulatory issues. In Asia, we will look seriously at partnerships. 

Q: Are you making money overseas?
A: In Australia, which is our first non-North American market, we are getting to kind of break-even, which is great.

Q: Are social-media websites like Facebook a threat?
A: There's room for all of us.
FULL ARTICLE @ WSJ

See all posts on eHarmony

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MeetMoi New Mobile App

Posted on September 22, 2010

Meetmoi logo new  WSJ – Sep 22 - A new mobile app MeetMoi NOW uses the location of your phone and scours a database for compatible profiles of other users around you. The system works even when your phone is in your pocket, using the background processing capabilities of Google’s mobile Android platform. The idea, according to MeetMoi founder Andrew Weinreich, is to make dating more streamlined. In 2007, Weinreich launched MeetMoi, an Internet dating service intended for smartphone users. In that version of MeetMoi, users would text their address or ZIP code to the service, which would scan its system for compatible matches interested in a date nearby. If each party was impressed by the other’s profile, a match was made. FULL ARTICLE @ WSJ

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You’re Reading That Book Too? Marry Me

Posted on September 20, 2010

Alikewise_logo WSJ – Sep 17 - alikewise.com is a free dating site that matches singles based on books and has amassed 4,000 users, mostly in their 20s and early 30s, since it launched in July. The site facilitates matchmaking by notifying users when someone adds a book of the same title or genre. Matt Masina and Matt Sherman hatched the idea for the site after Mr. Sherman broke up with his girlfriend. Mr. Masina asked him what he was looking for in a prospective date. His answer? "A girl who has read 'The Black Swan." "When you're dating, there is always that fateful moment when you see someone's bookshelf for the first time and either smile to yourself or run for the door. Our site is trying to mimic that experience online," Mr. Masina says. FULL ARTICLE @ WSJ

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More Locals Hunt For Romance Online

Posted on August 6, 2010

Comscore logo new WSJ – Aug 5 - Residents of San Francisco, San Jose and Oakland surged onto online personals websites over the past year, according to comScore. Visits to online dating sites from the Bay Area soared 22% to 544,000 in May 2010 from 447,000 a year earlier. In contrast, visits nationally to online dating sites increased at a lesser rate 15% in the same period. Part of the increase was likely driven by the emergence of new free dating sites such as Plentyoffish.com and Zoosk, says comScore senior director of industry analysis Andrew Lipsman. Online dating sites such as Match.com, eHarmony and Perfectmatch.com say they didn't notice any major shifts in online dating trends in the region. The sites say, the average profile of their members is typically older than the rest of their membership. According to Perfectmatch.com, 79% of its Bay Area members are more than 30 years old, compared with an average of 68.5% nationally. eHarmony also found its Bay Area daters tended to be slightly older, and Match.com said the average age of its San Francisco members is 38. FULL ARTICLE @ WSJ

See all posts on Plentyoffish             See all posts on eHarmony
See all posts on Zoosk                     See all posts on PerfectMatch
See all posts on Match.com

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IAC Reports Q2 Results

Posted on July 29, 2010

Iac logo WSJ – July 29 – IAC posted a second-quarter profit of $13.6<, or 12c a share, down from $40.8M, or 28c a share, a year earlier. Excluding tax impacts in the latest quarter and a gain related to Match Europe in the year-ago quarter, earnings rose to 24% from two cents as revenue climbed 18% to $402.9M. Match.com operations saw a 10% drop in profit while revenue grew 10%. Paid subscribers climbed 48%. In May, IAC said it signed an agreement with Yahoo, in which Match would become the exclusive online dating site for Yahoo's personal users. Match will receive media placements on the site, as well as occupy the position served by the personal navigational link on Yahoo's homepage. FULL ARTICLE @ WSJ

Match.com Financial Page

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