General News

Technology has made it easier than ever to connect with singles around the world, but it has introduced its own set of questions and complications to the dating process. Match’s new service, AskMatch, aims to help curious, confused and clueless users navigate online dating by making a team of dedicated dating coaches available for one-on-one phone sessions.

Unlike the AI chatbots found on other apps, AskMatch coaches are live humans with professional resumes. Members can consult these experts for guidance, actionable tips or a sympathetic ear by selecting the “Talk to a coach” option under the “Discover” tab of the app. After the phone call, members can choose to remain in contact with their coach through the app to ask further questions or provide progress updates.

Tinder plans to launch a new, scaled-down version of the app called Tinder Lite.

According to Tech Crunch, the new app is catering to markets where bandwidth, data usage and storage space have all been challenging, which means customers to pay a premium for access to mobile data. Some of the regions Tinder is targeting include India and Southeast Asia, where parent company Match Group has appointed three new executives and dedicated more resources to growing its brands.

Tinder Lite was initially mentioned in an investor call according to Tech Crunch. However, Match Group CEO Mandy Ginsberg shared few details about the launch or the app. There was no specific date mentioned, and no details about what features would be removed, but likely the trademark swiping and matching would remain as key elements of the Tinder Lite experience.

Bumble and Serena Williams are continuing their collaboration with joint investments in two female-led companies. At Bumble’s inaugural Bumble Fund Summit in Napa, California, the company announced that Bumble Fund and Serena Ventures will back Nude Barre and Virtue Health, the winners of an in-app pitch competition run through Bumble Bizz.

Bumble Fund launched in 2018 with a mission to support female-founded and female-led businesses with early-stage investments. The fund’s first investments included a swimwear company, a prenatal and postpartum healthcare company, a beauty festival, and two other women-focused startup funds.

The Meet Group, a portfolio of mobile social entertainment apps including MeetMe, LOVOO, Skout, Tagged and Growlr, released financial results for its first quarter ended March 31, 2019. The company reported revenue of $49.5 million, an increase of $11.9 million (or 32 percent) from $37.6 million in the first quarter of 2018.

Other highlights from The Meet Group’s Q1 2019 financial report include:

• GAAP net income of $1.3 million, or $0.02 per diluted share, compared to a GAAP net loss of $4.2 million, or a loss of $0.06 per diluted share, in the prior year quarter.
• Adjusted EBITDA of $8.1 million, compared to Adjusted EBITDA of $5.2 million in the prior year quarter.
• Non-GAAP net income of $7.0 million, or $0.09 per diluted share, compared to $4.1 million, or $0.05 per diluted share, in the prior year quarter.

Match Group recently paid $9 million in stock awards to Tinder employees, thanks to the stellar growth of its most valuable dating app. But this good news could sour for the online dating giant if it helps former Tinder execs win their lawsuit, led by Tinder’s co-founder Sean Rad.

Rad and other former Tinder employees filed a lawsuit against Match Group last year, claiming it devalued Tinder stock options to avoid paying them billions in stock. The new hefty $9.4 million payout to current Tinder employees, based on the popular dating app’s performance over the last year, could be an indication that Match Group might have undervalued Tinder, as Rad argues in the lawsuit.

Longtime denizens of the online dating world are marking the loss of an institution. With neither fanfare nor explanation, Plenty of Fish has announced that it has shuttered its forums. Visitors to the forum page are now greeted with a terse message announcing the shutdown:

“To focus on better serving our members, we've decided to shut down the POF forums. While regular posting is now disabled, you can continue to view all threads until the end of June 2019. Event Hosts can still create and promote events while we work on a new and improved event creation service for you.”

The POF forums were an active destination for digital daters for 15 years. Users created more than 10 million posts before the closure, covering a broad spectrum of topics including dating, love, relationships, marriage, parenting and breakups. The forums proved equally popular for general discussions that ran the gamut from cooking and creative writing, to sports and science, to travel and humor, to music and philosophy.