OkCupid

Any company needs to evolve in order to stay relevant, and given the especially speedy pace at which the world of online dating advances, it’s even more important for companies in the industry to regularly innovate.

OkCupid has remained a leading name in the market since its launch 13 years ago. But that also makes it one of the older names, facing stiff competition from younger upstarts like Tinder and Bumble.

To ensure it remains a go-to for singles in an increasingly saturated industry, OkCupid has announced a major update to its messaging system. Open messaging - which allows any user to contact any other user without restrictions - will be eliminated a favor of a system more akin to those of Bumble and Tinder, in which only users who have indicated interest in each other can easily access each other's conversations.

Add dating to your list of New Year resolutions, because chances are, you’ll meet someone in January.

Online dating has a high season, and it seems the spirit of the holidays all the way through Valentine’s Day puts people in the mood for finding love.

A study by dating site Match revealed that more than any other time of year, people flock to dating sites between December 26^th and February 14^th. The numbers are telling – 50 million messages sent and 1 million dates happen during this time, and Sunday January 7^th is apparently the busiest day (and the best time to join – specifically 8:55pm EST).

Dating sites regularly add new features to help users find love and stay competitive in an increasingly crowded market.

Over the years we’ve seen Coffee Meets Bagel partner with Yelp and Spotify, Tinder ramp up its famous swipe with Super Like, The League copy it with Power Play, Bumble introduce a time limit for responding to matches, and that’s barely the tip of the updates iceberg.

OkCupid, too, is no stranger to launching new features. Back in 2009, the site debuted its A-List premium paid subscription. In 2013, it experimented with (and quickly ditched) a sister app called Crazy Blind Date. In 2014 and 2015 came expanded options for gender self-identification and the Identity Project. In 2016, OkCupid released an update for nonmonogamous daters, and most recently, users were introduced to a Member Pledge and photo commenting.

But not every update makes the cut.

Online dating algorithms have gotten a lot of attention (and criticism) because they’re the basis of how matchmaking works. Many dating apps are secretive about their matching process, but traditionally, algorithms match people on the basis of profile information, questionnaires, and user preferences.

But according to a recent article by Gizmodo, online dating companies can collect more information about their customers through analyzing user behavior, which includes what users do on social media as well as on the dating app. Companies are now starting to use this behavioral data for matchmaking purposes rather than relying on profiles and user preferences.

eHarmony, Match and OkCupid are known for their long surveys and profile questions, which they maintain helps them more accurately assess potential matches. But dating apps like Tinder, Bumble and LoveFlutter prefer mining users’ social media streams, bypassing questions and looking to online behavior.

Match Group LLC stock got a boost in early October, thanks to the success of Tinder Gold. The new premium app was among the top apps in the Apple Store, not just among dating apps, but alongside Netflix and Pandora. Match shares were up 3.6% Wednesday October 11, and the stock has jumped more than 50% since the start of the year.

But one question on investors’ minds is: what should we expect from Match Group’s other dating apps?

Match Group owns four of the five most popular dating sites, including Match, OkCupid, Plenty of Fish and Tinder, along with several niche dating sites. The problem for investors despite the good news is that these older sites have gotten less attention in Match Group’s overall valuation, because they aren’t generating the users or attention that Tinder does on an ongoing basis, despite their longevity in the online dating market.

The divide between dating and politics is getting smaller, especially since the 2016 election. Many American daters are opting to put the political beliefs of potential partners front and center when it comes to seeing if there’s a spark. And dating apps are noticing this trend, too.

In September, OkCupid announced its alliance with Planned Parenthood Federation of America to allow its customers to show their political leanings when it comes to female reproductive health. OkCupid is offering an #IStandWithPP badge that shows up on the profile of anyone who has publicly answered “no” to the question “should the government defund Planned Parenthood?” The app’s algorithms will also consider the badge when matching you with potential partners.

But users can choose to keep their feelings to themselves. “When you answer a question on OkCupid, you have the option to make your answer public or private,” Melissa Hobley, CMO of OkCupid, told website Bustle. “Only if you publicly answered that you support Planned Parenthood, then you receive the badge automatically. If you don't want the badge on your profile, then you can mark your answer as private.”