THE WALL STREET JOURNAL — Sep 28 — Online dating scams may have tripled in recent years. With 9 out of 10 online daters lying at least once in their dating profile and lonely hearts desperate for love, it's not surprising. One site, romancescam.com, tracks online dating scams and, so far, has collected about 10,000 pictures and 60,000 email addresses used by scammers. FULL ARTICLE @ THE WALL STREET JOURNAL
Category: Outlets – Wall Street Journal
People Interactive Considers A 2009 Public Offer
THE WALL STREET JOURNAL — Aug 26 — People Interactive, the consumer Internet subsidiary of Mumbai-based People Group, is considering a 2009 public listing to finance acquisitions in the online classifieds and communities spaces. People Interactive, which owns matrimonial portal Shaadi and online dating service Fropper, may list either on NASDAQ or on the domestic bourses. In preparation for the public debut, the group will begin offering online services on the mobile platform. FULL ARTICLE @ THE WALL STREET JOURNAL
Mark Brooks: Westbridge Capital Partners invested $8 million in Shaadi back in March – more info here. BharatMatrimony is the other leading matrimonials service in India, fyi. Murugavel Janakiraman aka Muru is the CEO/Founder.
Dating on the Go
WSJ — June 21 — Millions of consumers have begun prowling for a date on their cell phones, thanks to new mobile-dating services that enable "real-time" dating — that is, letting users connect on the spot with the people they pick out. Match.com will soon launch a new mobile-dating service that will allow its 15 million members to access their profiles and send messages to potential matches from their phones. If one of the matches sparks a member's interest, he can request a phone conversation, prompting Zogo to send a text message to the match's phone. Jumbuck Entertainment's FastFlirting service for about $3 a month, allows users to sign into a virtual "lobby" where they can select a flirting partner. Still, some worry that location-based features might be misused. FULL ARTICLE @ AZ STARNET
Friendster Lives on in Southeast Asia
WSJ — June 7 — Friendster (35 employees) is still live in the U.S., but nobody over here is taking much notice (including the company), because some 70% of the social network’s traffic now comes from Southeast Asia. It’s the most popular Web site in the Philippines and the second most popular site in Indonesia, Malaysia and Singapore. Forget Facebook, Friendster has firmly established itself as the second-most popular social network worldwide. It has a total 41 million Internet users in the Philippines, Malaysia, Singapore and Indonesia alone, according to Internet World Stats. FULL ARTICLE @ WSJ
Match.com Does Mobile
WSJ — June 6 — Earlier this week, Jeff Blum was out buying a sandwich when his mind wandered toward his social life. So he got out his cellphone and sent a text message with his work ZIP Code to MeetMoi, a new mobile dating service. Within minutes, his phone received the profile of a woman who worked nearby, and the two began exchanging messages. Designed to be instant versions of Internet dating, many new services have capabilities that online-dating services haven't offered – such as letting you search for a date in a location you can update as you move around, and letting you chat with other people seeking a date while you're out and about. Match.com will soon launch a new mobile dating service that will allow its 15 million members to access their profiles and send messages to potential matches from their phones. Zogo connects users who want to talk by phone. Users log in through the browser in their mobile phone see a list of matches based on their preferences and can request a phone conversation. Jumbuck's Fast Flirting service is a mobile version of speed dating for around $3 a month. 3.6 million U.S. cellphone users accessed a dating service from their mobile phone in March, according to M:Metrics, a mobile research firm, up from 2.8 million in March 2006. FULL ARTICLE @ WSJ
This post also appears on MobileDatingWatch.
PlentyOfFish Owner Has the Perfect Bait For a Huge Success
WSJ — May 23 — The headquarters of what may be, on a per-capita basis, the busiest, most profitable site on the entire World Wide Web is on the 16th floor of a brand-new Vancouver building with panoramic views of the nearby Canadian Rockies. It happens to be the apartment of Markus Frind, the owner and sole employee of PlentyOfFish.com, a free online dating site and a model for the next generation of Web entrepreneurship.
- For the week ended April 28, PlentyOfFish.com was the 96th-busiest Web site in the U.S. (HitWise)
- Busy Web sites like these usually require scores of people. Mr. Frind says people often don't believe him when he says PlentyOfFish is all his.
- Nielsen/NetRatings says that by some measures, such as the time its members spend on the site, it ranks second after eHarmony.
- A few months back, he posted on his blog a picture of a check from Google for nearly $1 million for a two-month period. Google confirmed the check was for real.
- Mr. Frind says the site brings in between $5 million and $10 million a year.
- Many companies would respond to competitive pressure by hiring someone. Mr. Frind says he has no plans to do so.
How Match Found Love Among Boomers
WSJ — Jan 27 — Match has been reaching out to singles over 50 and divorcées, pitching itself as a destination for mainstream daters who want serious relationships. Its TV ads feature a 71-year-old with the user name DanishBeauty22. Although Match made up less than 5% of IAC's $6.5 billion in sales over the past 12 months, it contributed more than 10% of the company's $464 million in operating profit. In the past two years, Match has boosted the number of paying customers by a third. At Match, 23% of subscribers are over 50, more than double the number two years ago. Yahoo Personals has seen double-digit growth in the number of users over 50 in the past two years, thanks in part to a new service that provides extra control, privacy, and security. eHarmony's fastest-growing age group last year was the over-50 segment. CEO, Mr. Safka asked his staff to check the behavior of older daters on the site and to pinpoint their difficulties in using it. For example, many were stopped cold while filling out their online profile by the fourth question, which asked their views on body art and piercings. Match developed a variety of one-click buttons: "How It Works" to help new users navigate the site, "See More Like Him/Her" to help users find other candidates that might catch their eye, and most important, a "No Thanks" button to ease the awkwardness of turning down electronic suitors. Mrs. Williams likes Match's "Connections" button, which takes her to a set of pictures of the men with whom she corresponds. Match hired "Dr. Phil." Match is policed by a staff of 12, who review each profile before it is posted, removing explicit photos and working to keep out prostitutes, financial schemers, agencies offering foreign brides, and liars.
Mr. Safka is also trying to repeat his stateside success internationally, challenging Match's chief international rival, Meetic, which has 80% of the French market and attracts young daters with sexy, fast-paced ads. Based on its experience in the U.S., Match is aiming at over-40s seeking someone to "share life's journey," not younger ones looking for hookups.
Mark Brooks: Match is wringing more money from each customer, targeting the users that are more likely to be paying customers, and expanding abroad. A winning combination for revenues and the bottom line. They have also just started charging for MatchTalk and are testing different pricepoints.
How Match Found Love Among Boomers
WSJ — Jan 27 — Match has been reaching out to singles over 50 and divorcées, pitching itself as a destination for mainstream daters who want serious relationships. Its TV ads feature a 71-year-old with the user name DanishBeauty22. Although Match made up less than 5% of IAC's $6.5 billion in sales over the past 12 months, it contributed more than 10% of the company's $464 million in operating profit. In the past two years, Match has boosted the number of paying customers by a third. At Match, 23% of subscribers are over 50, more than double the number two years ago. Yahoo Personals has seen double-digit growth in the number of users over 50 in the past two years, thanks in part to a new service that provides extra control, privacy, and security. eHarmony's fastest-growing age group last year was the over-50 segment. CEO, Mr. Safka asked his staff to check the behavior of older daters on the site and to pinpoint their difficulties in using it. For example, many were stopped cold while filling out their online profile by the fourth question, which asked their views on body art and piercings. Match developed a variety of one-click buttons: "How It Works" to help new users navigate the site, "See More Like Him/Her" to help users find other candidates that might catch their eye, and most important, a "No Thanks" button to ease the awkwardness of turning down electronic suitors. Mrs. Williams likes Match's "Connections" button, which takes her to a set of pictures of the men with whom she corresponds. Match hired "Dr. Phil." Match is policed by a staff of 12, who review each profile before it is posted, removing explicit photos and working to keep out prostitutes, financial schemers, agencies offering foreign brides, and liars.
Mr. Safka is also trying to repeat his stateside success internationally, challenging Match's chief international rival, Meetic, which has 80% of the French market and attracts young daters with sexy, fast-paced ads. Based on its experience in the U.S., Match is aiming at over-40s seeking someone to "share life's journey," not younger ones looking for hookups.
Mark Brooks: Match is wringing more money from each customer, targeting the users that are more likely to be paying customers, and expanding abroad. A winning combination for revenues and the bottom line. They have also just started charging for MatchTalk and are testing different pricepoints.
Bye Bye MySpace
WSJ — Oct 27 — After 20 year old Jenny Thompson amassed 4,000 "friends," mostly being strangers, on MySpace, she posted a farewell ode before deleting her page. There's a fringe of users now renouncing MySpace and other social networking sites, not despite their popularity, but because of it. Juit Nagy, CP at Fox Interactive (MySpace), acknowledges that MySpace is moving into a phase of maturity.
The full article was originally published at WSJ, but is no longer available.
Mark Brooks: The honeymoon is over. Users will become more sophisticated and will seek higher integrity social networking sites that help them organize their networks of friends in a more meaningful manner, for more meaningful relationships. They'll still stay on MySpace, but will use 2nd and 3rd social networking sites in tandem.
Media Titans Pressure YouTube Over Copyrights
WSJ — Oct 14 — A number of major media companies have banded together to explore the legal implications of the video site’s unauthorized use of copyright material. YouTube contends that it hasn’t run afoul of copyright laws, because it immediately removes clips when rights holders complain. YouTube could be liable for $150,000 per unauthorized video. Time Warner CEO Richard Parsons made ominous hints about what course he would pursue if YouTube doesn’t agree to a deal. Google has partnerships and ownership stakes in a number of media companies which could ease negotiations. So far, YouTube has struck deals with NBC Universal, CBS Corp. and with most of the major music companies and is building a system that would help automate identification of videos containing copyright material, and share af revenue with content owners. FULL ARTICLE @ WALL STREET JOURNAL
Mark Brooks: Google must have been very confident in it’s deal making abilities to make the YouTube deal. Google has charted a course towards offline media advertising, which would make them both a friend and foe of the companies they will need to appease over the copyright infringements. Watch this space.
