General News

Coffee Meets Bagel launched in 2012 as a slower-paced alternative to the superficial, swiped-based apps that dominate the dating market. Now seven years into the business, co-founders and sisters Arum Kang, Dawoon Kang and Soo Kang are seeking new ways to differentiate and monetize their product.

2018 saw big changes and big victories come to Coffee Meets Bagel. After revamping its paid subscription services, the company raised $12 million in its series B and doubled its number of users. A premium monthly membership offers users activity reports about their matches (a “bagel,” in the app’s parlance), read receipts and 6,000 beans (the in-app currency) every month. At the time of its launch, Dawoon Kang told VentureBeat the membership was the company’s “first step toward a freemium subscription model.”

In late June, a Massachusetts man pleaded guilty to sending threatening letters to OkCupid’s headquarters in Dallas, Texas, in retaliation for banning him from the dating app.

According to a report in The New York Post, Liam MacLeod was banned from the app for repeatedly violating the terms of service back in 2017. The 47 year-old man then began sending threatening letters, some with a “blood-like substance” according to The Post, and others with a “suspicious white powder.” All of the mailings were addressed to OkCupid’s Chief Executive Officer.

Dating apps are incredibly popular, but as they saturate the U.S. market, the significant growth of the last few years is not expected to continue through 2019. Research analysts at eMarketer found that while the number of people use dating apps in the country has grown to a whopping 25 million, the market demand is starting to slow down.

According to Business Insider, apps like Tinder, Bumble and OkCupid, (all owned by Match Group), ^[1] have contributed to the growing interest in dating apps, launching new features every few months to attract new (and young) users.

During Pride month Tinder announced that users will now be able to identify their sexual orientation on their profiles. The ‘Orientation’ feature allows users to choose up to three labels they identify with in order to more effectively match based on sexual preferences.

To edit or add more information about your sexual orientation on Tinder, simply edit your profile. Tap Orientation to select up to three terms that you feel best describe your sexual orientation. There are nine options to choose from, including “straight,” “gay,” “bisexual,” “queer” and “asexual.” New users will see these options as part of their onboarding process.

Hot on the heels of Match’s announcement that its new service, Ask Match, will make dating coaches available for one-on-one phone sessions, Ashley Madison is planning a coaching service of its own. The dating site for affair seekers recently revealed it has been testing a "cheating coaches" feature in Brazil and the United States since March of this year.

Hiring a coach to improve your romantic game is nothing new, but Ashley Madison may be the first to apply the idea to infidelity. The feature will allow users to search for an available coach through the mobile app, then purchase time with them via a credits system. Each credit costs around 50 cents, according to Business Insider. A continuous conversation with a coach will set you back eight credits.

Andrey Andreev, who owns popular dating apps Badoo, Bumble, Lumen and Chappy, has created a new holding company called Magic Lab.

Magic Lab seems to be positioning itself to compete directly with Match Group by offering a similar setup: a suite of diverse apps aimed at different dating markets. However, Magic Labs stated how it plans to distinguish itself in its company mission, taking aim at dating app culture overall: “The brands will focus on marketing to solve societal issues such as misogyny, stereotypes, self-doubt and ageism.”