General News

Thirteen former employees are speaking out about Badoo, Andrey Andreev’s dating-focused social network and parent company to Bumble. In an expose published by Forbes, the employees describe a lengthy history of workplace misconduct, including sexism, racism, drug use, wild parties and a possible tax evasion scheme.

Many of the lurid details revealed in the Forbes report occurred during Badoo's period of rapid growth from 2010 to 2012. Badoo launched its iPhone app in 2010. The following year, the company soared from 20 million user signups to 100 million in four months, and earned $200 million in revenue. As Badoo grew, so did its salacious reputation. It is estimated that in 2018, Badoo had just over $300 million in revenue.

Four years after a hacking scandal threatened to bring it down, Ashley Madison is celebrating a milestone. The notorious infidelity dating site has reached 60 million members worldwide since launching in 2002.

"Our unique community of like-minded people continues to grow across the globe," said Paul Keable, Chief Strategy Officer of Ashley Madison, in a prepared statement. "We offer discretion to those seeking infidelity, and clearly, with strong results underscoring the company's growth, what we offer is in demand."

Ashley Madison’s latest annual Report on Customer Statistics reveals that more than 14,500 new member accounts were added on average each day in 2018. For every active paid male account, 1.1 active female accounts were created. The site averages more than 440,000 new signups per month and facilitates more than 39.5 thousand affairs per day. In total, over 5.3 million new accounts were registered on Ashley Madison last year.

Dating app Tinder has a hook-up reputation – and because of this, users in more conservative countries in Asia might be hesitant to try the app. In response, Tinder is revamping its image to maintain its growth streak.

Dating app growth overall has slowed in the U.S. as the market becomes saturated, and it is expected to slow even more through 2022. In order to expand its opportunities, Match Group – Tinder’s parent company, has put a lot of resources into the Asian market, including hiring key executives to oversee the region and advertising its suite of apps.

People Media (who is owned by Match Group) has decided to merge their two senior dating services into one. The services are SeniorPeopleMeet and OurTime. This process has been well on its way for a while now since both websites and apps were already the same (features, user interface, etc...) except for the name and color scheme.

When you visit SeniorPeopleMeet.com a message is now displayed explaining the merger. SeniorPeopleMeet user database which includes profiles, messages, and photos will all be transferred over to OurTime. SeniorPeopleMeet users just have to visit OurTime.com and use their existing SeniorPeopleMeet username and password to log in.

Researchers have long been fascinated by the ways online dating has changed how we meet and match. A Pew Research Center analysis of recently released survey data from Stanford University found that online daters are more likely to choose partners who are different from them in race or ethnicity, income level, education or political affiliation.

The Stanford survey, How Couples Meet and Stay Together 2017, collected answers from 3,510 U.S. adults who are currently married, currently in a relationship, or who have ever previously been in a relationship. Couples who met online were more likely to date someone with a different education level, political ideology or race/ethnicity than couples who met offline. The difference between those who met online and offline was particularly significant for political party and race/ethnicity.

Image: Zoosk

Online dating conglomerate Spark Networks announced its purchase of Zoosk for $258 million USD. The popular dating app was acquired with a combination of cash and stock, and Spark will have full ownership of Zoosk shares.

According to the terms of the deal, Spark will issue 12,980,000 ADSs (American Depository Shares) to former Zoosk shareholders, valued at $152 million based on the closing price of Spark ADSs of $11.78 on June 28, 2019. It also provides for a cash consideration of $150 million, subject to adjustment, according to the company’s press release. Former Zoosk shareholders owned 49 percent of the company.