General News

Match Group Disputes Claim It Intentionally Undervalued Tinder

General News
  • Friday, October 26 2018 @ 12:37 pm
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There’s no sign of a slowdown in the legal battle between Tinder co-founder Sean Rad and Tinder’s parent company, IAC/Match Group.

In August, Rad and nine other plaintiffs sued IAC over alleged devaluation. Rad claims the company undervalued Tinder in July 2017 at $3 billion to prevent him from accessing the full value of his stock options. The suit alleges that IAC created “a false picture of Tinder’s financial condition and prospects” resulting in “bogus numbers” and that “through deception, bullying, and outright lies, IAC/Match stole billions of dollars from the Tinder employees.”

IAC is now fighting back with a motion to dismiss the lawsuit, filed on October 9, which claims that Rad “fully participated in the valuation process” of Tinder and shares responsibility for the company being undervalued. Though IAC failed to accurately predict Tinder’s success over the past year, the motion argues, Rad also failed.

Tinder Enters The Content Space With Launch Of Lifestyle Site ‘Swipe Life’

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  • Thursday, October 25 2018 @ 10:09 am
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  • Views: 1,225
Tinder's Online Magazine is called Swipe Life

Tinder has already secured its place in the zeitgeist of the 2010s, but its latest launch promises to make the notorious dating app an even more inescapable part of pop culture. Senior Director of Content Kelsey Blodget announced Tinder’s new venture in an interview with Cheddar: an online magazine.

The newly debuted lifestyle site has been christened Swipe Life. The content covers a range of subjects relevant to modern day daters with a focus on issues that are pertinent to 18-25 year olds, the primary demographic of the dating app. A full-time editorial staff and a team of freelance writers have been brought on to keep the digital publication up to date.

Blodget describes Swipe Life as “an editorial lifestyle website where we’re covering today’s dating culture. So really the journey of being single, the ups and downs. It’s fun, it’s funny, sometimes it’s confusing - and we really want to be a companion on that journey for our users.”

Dating App Hinge Launches Feedback Feature “We Met”

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  • Monday, October 22 2018 @ 09:49 am
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  • Views: 3,489
Hinge New Feature We Met

Dating app Hinge is getting serious with its mission to help people form long-term relationships. This week, it became the first dating app to launch a breakthrough feature called “We Met,” offering its users an opportunity to give feedback on their dates.

“We Met” will allow two matched members to privately confirm if they actually went on a first date and share how the date went. Hinge will then use this information to suggest better matches, with the goal of refining its algorithms to yield better first dates – ones with relationship potential.

The information users share is kept confidential, so no need to worry about whether your date will find out what you said. The main idea is for Hinge to improve the matchmaking process with more real-world data. (Though if your date gets too drunk or stands you up, for instance, Hinge also allows its users report disrespectful behavior.)

Spark Networks Ordered To Repay Nearly $1 Million To Customers

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  • Friday, October 19 2018 @ 11:42 am
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Spark Networks USA, the Los Angeles-based parent company of numerous niche dating sites including Jdate and Christian Mingle, has agreed to pay $500,000 in penalties and up to $985,000 in restitution to customers after settling a consumer protection action. The money will be paid to users whose subscriptions automatically renewed without notification or who were denied refunds.

Under federal and California state law, consumers must be notified if a subscription is automatically renewed and must give their “express, affirmative consent” before any money is collected. Spark Networks failed to provide clear notification of subscription renewals, according to the settlement, and offered users no opportunity to indicate their consent via a check-box or similar form. The consumer protection action was pursued upon discovery of this violation.

“Consumers always have the right to know where their money is going and companies must comply with California’s laws in order to ensure that consumers understand certain transactions will renew automatically,” San Diego County District Attorney Summer Stephan said in a statement. “This joint effort is a great example of how our Consumer Protection Unit works to protect people from unfair business practices in the marketplace and ensure that California’s consumer protection laws are followed.”

DNA Romance Brings Chemical Attraction to Online Dating

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  • Thursday, October 18 2018 @ 11:03 am
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  • Views: 1,977
DNA Romance

The DNA Romance dating platform disrupts the way people connect online by using Genetics and Psychology to matchmake people based on all three elements of human attraction:

  1. Personality
  2. Chemistry
  3. Appearance

DNA Romance enhances the transparency of online dating by providing evidence based matchmaking going beyond appearance and questionnaires.

Bumble Introduces Desktop App And Gets Serious About IPO

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  • Wednesday, October 17 2018 @ 09:28 am
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  • Views: 14,509
Bumble Web for Date
Image: bumble

Hold the (smart) phone. After years as an app-only platform, Bumble has launched a web version of its popular dating service for use on laptops, desktops, and tablets.

Bumble announced the news with a blog post and video that offer a glimpse of the sleek, user-friendly Bumble Web experience. Current users can access their accounts on www.bumble.com by signing in via their usual method (Facebook or phone number). New users still need to create an account through the app before using the browser version, but Bumble promises that functionality is coming to Bumble Web soon. If you don't see the "Sign In" button yet on the Bumble website toolbar, check back soon as Bumble Web may not yet be available in your area.

Once signed in, the simple interface displays existing chats and matches in a column to the left of the screen. Potential new matches appear to the right. Users can scroll through a profile using the up and down arrow keys or by clicking the up and down arrows at the top and bottom of the profile. To like or pass on a profile, use the left and right arrow keys or click the two prominent icons at the bottom of the screen.

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