Momo Announces Financial Results For Q3 2019

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Momo reported financial results for the third quarter of 2019. The company’s major moments this year included topping Fortune’s ranking of the 100 fastest-growing companies in 2019 and working to get Tantan reinstated after it was removed from Android app stores by order of governmental authorities in China. Overall, Q3 was a positive period for the Chinese social networking and dating company.

Momo highlighted the following achievements for Q3 2019:

Grindr Introduces Screenshot Blocking and Other New Safety Features

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In an effort to protect users around the world, Grindr has announced new safety features and unveiled a ‘Holistic Security Guide’ in six languages. These releases are designed to help queer users navigate dating in countries where a culture of homophobia, biophobia and transphobia puts them at risk.

Scott Chen, President of Grindr, said in a statement, “As Grindr has grown to become a vital part of the gay, bi, trans, and queer community, we feel a responsibility to provide important information and evolving tools to facilitate our users’ safe dating experience. Our work in improving the well-being for the LGBTQ community around the globe is far from finished, but we are proud of these additional features to help provide a safer platform for our users.”

Tinder Leads For Consumer Spending on Non Gaming Apps in 2019

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Tinder is rolling in cash.

Tinder is rolling in cash at the close of 2019 thanks to consumer spending on its popular dating app. According to Annie’s List, it ranks as the number one non-gaming app where consumers are spending money, ahead of entertainment and social network giants like Netflix, YouTube and Tencent.

Video games are by far the most popular apps for consumers and generate the most revenue from in-app spending. However, outside of the gaming world, Tinder subscriptions have driven it to the top spot in consumer app spending.

IAC And Match Group Officially Announce Separation

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IAC Separates from Match Group

Months after going public with its intention to spin off Match Group, IAC has entered into a definitive agreement providing for the full separation of Match Group from IAC’s remaining businesses. The transaction will result in IAC and Match Group (which includes dating sites like Match, Tinder, OkCupid and Hinge) becoming two independent public companies.

"We've long said IAC is the 'anti-conglomerate' – we're not empire builders. We've always separated out our businesses as they've grown in scale and maturity and soon Match Group, as the seventh spin-off, will join an impressive group of IAC progeny collectively worth $58 billion today," said Barry Diller, Chairman and Senior Executive of IAC.

Latest Facebook Leak Exposes Personal Data Of 267 Million Users

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More Personal Data Exposed on Facebook

In what is becoming an all-too-familiar headline, a security researcher has discovered an online database containing sensitive personal information belonging to hundreds of millions of Facebook users. Names, phone numbers and unique users IDs were exposed in the breach.

Bob Diachenko first came across the data on December 14, ten days after it was created, and reported the leak on Comparitech. The trove was available for anyone to access without a password or any other form of authentication. Based on evidence he discovered, Diachenko believes the stolen data is most likely the result of an illegal scraping operation or Facebook API abuse by criminals based in Vietnam. The information contained in the database puts users at risk of multiple digital hazards, including SMS spam and phishing campaigns.

Bumble Founder Partners With CA Senator To Criminalize Sending Unwanted Nude Photos

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California state senator Ling Ling Chang
California state senator Ling Ling Chang

Whitney Wolfe Herd, founder and CEO of Bumble, is on a mission to make the internet a cleaner, more clothed place. California state senator Ling Ling Chang recently announced that she has partnered with Wolfe Herd on a proposed law that would make it illegal to send unsolicited explicit photos online or via text. This comes nearly eight months after Wolfe Herd backed a similar bill in Texas.

For Chang, the cause hits close to home. She was the recipient of unwanted nude pictures in 2018, when she publicly shared her phone number in an effort to get feedback from her constituents in Diamond Bar, California. Chang claims that 95% of women she has spoken to about the issue have been sent lewd photos they did not ask for.