Spark Networks SE Reports First Half 2018 Results

Spark Networks
  • Monday, September 17 2018 @ 10:59 am
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Spark Networks SE, a leading provider of niche dating sites including EliteSingles, Jdate, and Christian Mingle, has revealed its first half 2018 financial results.

In a press release, Chief Executive Officer Jeronimo Folgueira called it “a very productive first half of the year” focused on building a strong foundation for sustainable, long-term revenue growth.

“Our growth strategy remains focused on EliteSingles, our newly added Jdate, JSwipe and Christian Mingle brands, and the recently launched SilverSingles brand,” Folgueira said. “All three of these areas performed well in the first half of the year and we expect to carry our current momentum through the second half of 2018 and into 2019.”

Online Dating is More Popular Than Ever, But Customers Are Skeptical of Finding Love

Communication
  • Thursday, September 13 2018 @ 10:17 am
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 Ghosting in Online Dating

Online dating has become the most popular way for people to meet, but according to a recent article in Forbes, this doesn’t mean they’re are satisfied with the experience. Many are skeptical that technology will help them find love – and in fact, might make it harder.

The Forbes article focused on ghosting, a practice that has become ubiquitous among online daters. Ghosting happens when one person stops communicating with another with no explanation.

The problem with ghosting according to the Forbes article, is not the act itself, which has been around for a while, it’s how prevalent it has become. It has become such a problem among online daters that Plenty of Fish did a study, and reported that 78% of its users admitted to being ghosted at least once.

Comedian Norm Macdonald Is Now Playing Cupid As A Dating App Co-Founder

Reviews
  • Tuesday, September 11 2018 @ 09:04 am
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Loko Dating App

Celebrities aren’t immune to the pervasive popularity of online dating. Despite their fame, stars like Tiffany Haddish, Charlize Theron, Zac Efron, Martha Stewart, Chace Crawford, Katy Perry, Demi Lovato, and Andy Cohen have admitted to experimenting with dating apps. There’s even Raya - an exclusive app designed just for celebrity singles.

But here’s a name we never expected to see associated with online dating: Norm Macdonald.

The Canadian comedian has made a radical departure from stand-up and SNL to co-create a dating app with serial entrepreneur Vivek Jain. The app, called Loko, places the focus on meeting face-to-face with video-only profiles. This helps matches make genuine first impressions based on personality, the founders claim, and eliminates several major problems faced by online daters.

Grindr Announces Plans To Go Public With International IPO

Grindr
  • Monday, September 10 2018 @ 11:21 am
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Grindr, the leading dating app for gay and bisexual men, is preparing to list its shares on international stock exchanges. The app’s Chinese parent company, Kunlun Group, said in a stock exchange filing to the China Securities Regulatory Commission that the listing will take place overseas at an unspecified time. The timing and locations of the share sale will be determined by regulatory approval as well as capital market conditions.

In the Shenzhen stock exchange filing, Kunlun Group said that financing arrangements would be made to support Grindr’s expansion following the completion of the IPO. The company’s board said that going public would “strengthen” Grindr’s competitiveness and support future development plans for the business.

“Grindr’s listing won’t exert a huge influence on the group’s revenues and profits,” Kunlun said in the filing, according to The Independent. “Meanwhile, Grindr can have an individual and direct financing platform which can support its expansion and long-term development.”

Tinder Co-Founder Claims in Lawsuit He Was Forced to Sell His Company Shares

Tinder
  • Friday, September 07 2018 @ 11:51 am
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Sean Rad

Sean Rad, Tinder co-Founder and former CEO, claims in a lawsuit that he was forced to sell his shares of Tinder stock by parent company IAC (now Match Group) under pressure of being fired. Because of this, he and other Tinder employees potentially lost millions of dollars through an alleged stock devaluation.

According to an article in The Verge, Rad says he was forced into exercising his options early, about a month before he was fired in September 2017. He says he felt pressured to sell because those options would expire after he left the company, and he suspected Match Group of planning his ouster. As it turns out, Match Group did fire him a month later, even though it wasn’t publicized at the time.

Coffee Meets Bagel Allows Users to Login Without Facebook

Coffee Meets Bagel
  • Wednesday, September 05 2018 @ 09:36 am
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Coffee Meets Bagel now Accepts Phone Numbers for Accounts
Image: CoffeeMeetsBagel

Dating App Coffee Meets Bagel no longer requires a Facebook account for users to login to the app. Now, customers can sign up using their mobile number instead, bypassing Facebook completely.

The change was effective on August 20th.

Typically when customers sign up to a new online dating platform, they have to verify that they are a real person (to avoid the proliferation of fake accounts). Facebook has typically been part of this verification process, and provides an easy way for users to pull photos, profile information, and link personal connections with other networks of friends.

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