Online Dating

The dating world just got a little weirder. A British divorcee seeking a wealthy boyfriend via a ritzy matchmaking agency sued the company over a lack of suitable dates - and was awarded over $16,000 for her trouble.

Tereza Burki, a 47-year-old from London, joined premium dating agency Seventy Thirty in 2013. According to reports, she was looking for a “sophisticated gentleman” with “a lifestyle similar or more affluent than her own” and “multiple residences.” Lemarc Thomas, Seventy Thirty's managing director at the time, assured Burki that the service only dealt in the “creme de la creme” of daters and had “a substantial number” of potential matches who met her requirements.

Burki shelled out a staggering £12,600 ($16,141 USD) to join, an investment she soon regretted.

Bumble CEO Whitney Wolfe Herd

Over the last four years, Bumble has conquering dating, friendship, and business networking. Now the buzzy company has set its sights on a new arena: startup investments.

Bumble Fund is a new venture focused on early-stage investments for female-founded and female-led businesses. The fund will invest amounts ranging from $5,000 to $250,000 in companies that primarily serve women and are spearheaded by female leaders from diverse backgrounds.

“Investing in and empowering women in business is something that our founder and CEO Whitney Wolfe Herd is deeply passionate about and is at the very core of what Bumble stands for,” said Sarah Jones Simmer, Bumble COO, who will lead Bumble Fund’s investment strategy alongside Bumble Senior Advisor, Sarah Kunst. “Through Bumble Fund we’ll look not only to support those women leaders who have been largely ignored, but we’ll also demonstrate why those investments build smart, successful businesses.”

Popular dating app Tinder is rolling out a new service to attract a younger crowd. Tinder U is for college students, and gives users the option to match only with others at their school or at nearby campuses.

To use the service, customers must have a .edu email address and must also be geolocated on a college campus, according to website The Verge. Their Tinder U profile page will also include the name of their school, and when users swipe, their school logo will appear at the top of the screen, and their match’s school will appear in the bottom left corner of each profile. The app’s functionality is the same, with students viewing profiles and swiping left or right as they choose. It is important to note that using the Tinder U service will match students in the same area, regardless of whether they attend the same college or university. Members who join Tinder U will also be able to toggle between and use regular Tinder if they wish.

Sean Rad, Co-founder of Tinder

Former and current Tinder employees slapped a lawsuit against parent company Match Group, claiming the popular dating app was purposefully devalued at the time Match Group was valuating stock options. The Tinder employees suing Match Group were placed on administrative leave, according to a report by MSN.

The ten former and current Tinder employees initiating the lawsuit include founder and ex-CEO Sean Rad along with co-founders Justin Mateen and Jonathan Badeen. Tinder’s VP of Communications Rosette Pambakian has also joined the lawsuit, and claims that IAC/ Match Group executive Greg Blatt sexually harassed her at a company party. (IAC changed its name to Match Group, but the company is still owned by media mogul Barry Diller.)

Pambakian wrote an email to Tinder employees explaining her decision, as reported by Fortune Magazine:

Is your partner a doctor? A Libertarian? Obsessed with tattoos? If so, a series of surveys from married dating site Ashley Madison says they may be more likely to cheat.

As the world’s foremost experts in affairs, with more than 39 million users in 53 countries, the folks at Ashley Madison know a thing or two about infidelity. Several studies conducted by the company this year reveal the secrets of America’s cheaters, including who’s most likely to be unfaithful, what they’re attracted to when they do it, and which partners are most likely to forgive an adulterous indiscretion.

One survey determined the professions that are most likely to stray. The most common jobs for cheating women are in the medical field (nurses/doctors). “A combination of long hours of potential stress mixed with a natural reaction to stress just might be the reason these women in the medical profession seek out an affair,” reports Ashley Madison.

Match Group, the parent company of popular dating apps such as Tinder, OkCupid, and PlentyofFish, reported second quarter earnings of $421 million, exceeding industry analyst expectations.

The rise in profits was thanks to its star app Tinder, which gained an additional 300,000 subscribers in Q2 alone, and has seen a record 3.8 million subscribers to date. Match Group expects to earn $1.72 billion this year, with Tinder expected to exceed $800 million in revenue, according to Fortune Magazine. Match Group’s subscribers for all apps total about 7.7 million.

“Retention and conversion were a bit stronger than we thought they would be,” Chief Executive Mandy Ginsberg told website MarketWatch.