Tinder Revenue Hits $1.2 Billion In 2019

Tinder
  • Thursday, March 05 2020 @ 10:10 am
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Tinder Revenue keeps going up!

Match Group reported annual earnings for 2019, and its star dating app Tinder came out on top with almost $1.2 billion in revenue for the year.

Tinder had on average 5.9 million subscribers in the fourth quarter of 2019, 36 percent more than the previous year according to The Verge. At the same time, Reuters reported in early February that Match Group missed its fourth quarter revenue estimates as subscriber growth on Tinder fell to its lowest since the fourth quarter of 2018, perhaps an early sign of market saturation. 

Fraudsters Exploit Grindr’s Android App As Part Of Advertising Scheme

Grindr
  • Wednesday, March 04 2020 @ 02:50 pm
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Grindr’s 2020 is off to a difficult start. In just a few short weeks, Grindr was accused of violating the EU’s GDPR (General Data Protection Regulation) data protection legislation by the Norwegian Consumer Council, found itself the subject of three complaints filed with the Norwegian Data Protection Authority, and was suspended from Twitter’s ad platform as a result. The popular gay dating app is also under investigation by the U.S. House Oversight and Reform subcommittee for doing an inadequate job of screening minors.

Adding to Grindr’s growing list of concerns is new research showing that the company’s Android application was exploited to defraud advertisers. According to a report from Pixalate, the Palo Alto-based fraud detection firm that discovered the scam, the app was used to facilitate a cross-device ad fraud scheme that tricked advertisers into thinking they were purchasing ads on Roku-connected devices. Pixalate named the scheme “DiCaprio” after discovering the A-list Hollywood name used in a file containing some of the malicious code.

Facebook Dating European Launch Delayed Amid Privacy Concerns

Facebook
  • Tuesday, March 03 2020 @ 02:33 pm
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Facebook Dating European Launch Delayed

Facebook has been forced to delay the launch of its signature dating service in Europe after failing to provide the European Union data regulator with a required assessment of privacy risks to users. 

According to CNet, The Irish Data Protection Commission raised concerns about Facebook’s privacy practices, and whether the company complied with the European Union’s data protection rules, which are more stringent than those in the U.S. 

Under these new rules, companies considered to be “high risk” in the handling of personal information of users are required to conduct a data protection impact assessment (DPIA) prior to being approved. This includes a written report addressing and outlining potential privacy risks, which the agency said Facebook did not provide, even after the agency sent regulators to Facebook’s Dublin office to gather the required documentation, according to Tech Crunch. 

Tinder Adds New Filter Features

Tinder
  • Monday, March 02 2020 @ 03:14 pm
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Match Group announced the roll out of new filter features for its star dating app Tinder, following suit with Bumble, who rolled out similar features late last year.

The filter features include both free and paid options, according to Tech Crunch, but Match Group did not disclose many details, other than comparing the features to Tinder U, which filters matches solely to other nearby college students. 

Match Group aims “to make the utility of Tinder better and more efficient,” according to CEO Mandy Ginsberg, who just announced she’ll be leaving the company after fourteen years at the end of February. 

Nearly 5 Years After Infamous Hack, Ashley Madison Users Are Being Blackmailed

Ashley Madison
  • Friday, February 28 2020 @ 09:02 am
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It’s been almost half a decade since news of Ashley Madison’s hacking scandal was heard ‘round the world. Now, just as memories of the hack had started to fade, data from the breach is at the center of a new cyber extortion scam.

In summer 2015, all the dating industry could talk about was The Impact Team — the group of hackers that gained access to Ashley Madison’s database of more than 37 million members and threatened to release customer records unless the dating site for adulterers shut down. The hackers made good on their threat and Ashley Madison found itself facing a $760 million class action lawsuit. Though some predicted that it could be the end of the dating site, Ashley Madison held strong and celebrated reaching 60 million members last year.

Dating Apps Face Investigation by US House of Representatives Over Safety Issues

Safety
  • Thursday, February 27 2020 @ 11:00 am
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A committee from the U.S. House of Representatives is investigating popular dating apps such as Tinder, Bumble and OkCupid following a report that found underage users and sex offenders were using the apps.

According to a report from AP, the House Oversight and Reform subcommittee on economic and consumer policy sent separate letters on Thursday January 30th to Bumble, Grindr, The Meet Group, and Match Group (which owns Tinder and OkCupid among others). The letters asked for information on “users’ ages, procedures for verifying ages, and any complaints about assaults, rape or the use of the services by minors,” according to AP.

The subcommittee is also seeking additional information on privacy policies for each of the apps, and what users see when they are asked to review or accept such policies. Recently, dating apps have also come under fire for third-party sharing of personal data, where user information wouldn’t be protected by the dating app’s own privacy policy.

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