Tinder Appoints New Executive to Replace Sean Rad

Tinder
  • Thursday, April 02 2015 @ 06:40 am
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IAC, the company who is the majority stakeholder in popular dating app Tinder, no longer wants Sean Rad in the driver’s seat. As of late March, the company has named the new CEO who will be taking his place: Christopher Payne.

Payne previously worked for eBay as a senior vice president in the company’s marketplaces division, where he was responsible for the North American market. He also founded Positronic, a search technology company, which eBay acquired in 2008. Before that, he worked for 13 years at Microsoft, including heading its search unit, which was then called Windows Search Live.

“Christopher brings invaluable experience running consumer technology businesses that operate at massive scale,” Mr. Rad said in a statement.

But the change might not be completely embraced by Rad, who was embroiled in a very public sexual harassment lawsuit brought about by former employee Whitney Wolfe. They settled out of court for an undisclosed amount, and she has now launched a new dating app of her own that directly competes with Tinder. Rad will remain President of Tinder and retains a seat on the company’s board. According to reports, he will still be in charge of product and marketing, but Payne will take over everything else.

The spotlight that has been on Rad the past few years has not been flattering, and the most recent scrutiny has come as a result of the new premium service Tinder Plus, which is costing as much as $19.99 US per month for two additional features. Users have asked to be able to use Tinder in multiple cities, as well as to “go back” and swipe right on matches they’d previously turned down. The new service offers these features for a price – but if you want to just keep the basic free service, the company has also put limits on the amount of swiping you can do in a 24-hour period. This caused controversy when it launched in the UK, and the app’s rating in the iTunes store went down to one and a half stars as a result.

Another controversial decision was pricing for the new service, which is based on age. For users under 30, Tinder Plus costs $9.99 per month, but for those 30 and older, it goes up to $19.99, and even more in European countries. Rad says a lot of research went into the pricing, and he stands by what he says customers are willing to pay.

Tinder also plans to launch an ad product, but has not disclosed how this will affect the service or user’s experience. Until now, advertising revenue has come from product placement, but the app has a lot of valuable user information for marketing departments to tap into.

IAC hopes that Payne can refocus Tinder’s business goals and help it grow into a more profitable as well as popular company.

Read our review of Tinder to find out more about this popular dating app.

eHarmony Talks with Wall Street Journal about its Challenges and Triumphs

eHarmony
  • Wednesday, April 01 2015 @ 06:45 am
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eHarmony has weathered more than a few storms in its fourteen-year history, and has recently shared its trials and tribulations with The Wall Street Journal. The company has redefined itself as a “matchmaking site” as opposed to an online dating site, putting the emphasis back into long-term relationships.

The strategy seems to have worked – according to figures revealed by eHarmony founder Neil Clark Warren and COO Armen Avedissian, the company has more subscribers than ever before – 778,000 – and they make up to 15 million matches per day. But this is after the company almost collapsed. In 2012, after a few ousted CEOs and some advice from a board member, Dr. Warren made the decision to take back the reigns of the company and get it back on track. He came out of retirement at 78 years old to reclaim his spot as CEO and turn the company around – about the time when Tinder hit the market.

Before Warren took over, eHarmony was struggling to figure out its market, delving into new technology instead of focusing on its branding, leaving it vulnerable to the explosion of new dating sites and apps that came along. As Dr. Warren told the Wall Street Journal, “I think under CEO Greg Waldorf, users started seeing us more like the other dating sites Match and Zoosk, when we’re really a social science site. We were never meant to be a dating site. We were meant to be a matchmaking site. I think our leadership lost sight of that, too. We want good technology, but what we’re really, really interested in is long-term relationships.”

For its rebranding campaign, Dr. Warren returned to the television commercials, emphasizing the long-term matchmaking aspect of the technology. The company has also focused on its mobile app, something that has become a necessity for traditional dating sites since Tinder hit the market. When asked about Tinder, Dr. Warren emphasized that the app is actually helping bring more awareness and acceptance of online dating as a whole, which has been good for all online dating sites. According to Warren, eHarmony’s marketshare has stayed even despite the competition – Tinder claims to match about 22 million people a day.

Not to mention, Tinder’s reputation for being a hook-up app has helped differentiate more “serious” dating websites like eHarmony.

Warren told The Wall Street Journal: “People who are eHarmony customers probably aren’t going to be lured away by Tinder. We’re a serious bunch when it comes to matching for long-term relationships. We’re really not interested in short-term relationships.”

Tinder hasn’t been the only thorn in eHarmony’s side. The company came under fire when it didn’t include gay and lesbian relationships in their matching services – only creating “Compatible Partners” after a high-profile lawsuit. And now, eHarmony plans to launch a whole new matchmaking service called “Elevated Careers” – which will match job candidates with potential employers, based on factors like company culture and personality profiles in addition to skill sets. The new service will be available in June.

For more on this matchmaking service you can read our review of eHarmony.

MillionaireMatch.com Launches True Selfie Feature

MllionaireMatch
  • Tuesday, March 31 2015 @ 08:06 pm
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Millionaire Match has been in business for over 14 years and since then they have had almost 2.5 million members sign up. You can access MillioniareMatch.com via their website and also on dating apps for iOS and Android mobile phones.

They recently launched a new feature on the dating site called "True Selfies". This is a badge for a woman's profile that shows that she has at least one profile photo that have been verified makeup-free. This is to showcase that she is a natural beauty.

While the True Selfies verification is only available to women their are a number of other member verified badges available for both genders. Member's can have verified photo's, age, education and occupation. Of course we shouldn't forget, members can also be verified as millionaires. All of these verifications require you to send certain documentation to MillionaireMatch.com so they can confirm the information in your profile.

To find out more about this sugar daddy type dating service please read our Millionaire Match review.

PlentyofFish Hits 100 Million Users Worldwide

POF (Plenty of Fish)
  • Tuesday, March 31 2015 @ 06:33 am
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PlentyofFish might not be making headlines the way Tinder has in the past few months, but its growth continues to be one of the online dating industry’s biggest successes. The company has announced that it hit the 100 million user milestone recently, and also revealed that it’s been a profitable company from its beginning, now with a $100 million run rate predicted for 2015.

POF has relied on a mixture of ads and premium subscriptions for revenue since 2008 (prior to this, ads only). In the last three years however, the company’s user base has shifted from primarily desktop computers to 80-85% using their mobile devices to access their accounts. Other traditional online dating sites have noticed the same trend of their user bases from desktop to mobile.

CEO Marcus Frind admits to website Business Vancouver that “finding love on a desktop computer is quickly vanishing.” Really, the appeal and ease of online dating makes more sense on a mobile device, which can be accessed anytime, anywhere. Mobile access means more users logging in and engaging with each other, a necessity for the longevity of any online dating service.

Frind said: “Since our shift to mobile we’ve seen rapid growth both in terms of users and revenue...Our revenue model has also evolved from one driven by advertising to one driven by paid membership, indicating that, now more than ever, singles are willing to pay for an enhanced user experience.”

For POF, that means their source of revenue has shifted to the mobile space and its premium service. An upgraded membership includes features like detecting when another user views a profile or when a personal message has been checked.

According to Frind, the user milestone and financial state of the company is significant in and of itself - and is no indication of his future plans, though he's never revealed this kind of data before. He’s not looking to take the company public, since he is the sole owner of POF. In recent years, the company also acquired speed dating service Fast Company to complement its offerings, but the main revenue source seems to be POF’s premium dating service.

POF has hit some bumps in the road since its launch back in 2003. For one, Frind refocused the dating site’s image, which had garnered a reputation of being primarily a hook-up site. With the facelift – which included focusing on the mobile app technology and re-branding the dating service for long-term relationships, not hook-ups - Frind seems to have found a winning formula.

The company, which used to employ only Frind, now has 75 employees, and doesn’t seem to be daunted by its mobile competition. POF is holding its own, despite a fickle online dating market.

For more information on this online dating service you can read our POF review.

Online Dating Spikes In Spring, Says Zoosk

Zoosk
  • Monday, March 30 2015 @ 06:38 am
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There's something magical about springtime. After a winter of hibernation, everyone is ready throw on shorts and venture outside for the first time in three months, blinking and stumbling into the light like survivors of a disaster movie.

Unless, like me, you live in New York City and spent your first day of spring cowering under a blanket, watching snow fall outside your window and cursing the weather gods. It's not all shorts and sundresses yet, but come May sunbathing in Central Park will feel that much more glorious.

For those of you who didn't just get pummeled by snow, the flowers are blooming and so is romance. New data from Zoosk suggests that online dating rates go up in spring, meaning “spring fever” might be a very real thing.

Zoosk's data scientists analyzed 9.6 million conversations, over 850,000 signups, and over 66 million member sessions in search of scientific evidence for spring fever. Is it real? Is it possible to quantify the condition? Do people date differently in spring compared to other seasons?

By comparing the data of Zoosk members from the first two weeks of spring to the data from a month prior, Zoosk claims to have found “conclusive evidence” that spring fever is indeed a real phenomenon.

It began with messages. Zoosk reports that 34% more first messages are sent daily during springtime. After months of online food orders and Netflix being our only companions, it appears spring brings out our desire to connect with other humans again. And it's not just about quantity. The messages sent during spring are also “deeper” - meaning that each user in the conversation sends at least two messages. 28% more messages started daily in spring meet the criteria.

Of course, in order to get to the talking part, people have to sign up in the first place. And they do. Zoosk discovered an 11% increase in daily registrations in spring.

It makes perfect sense when you stop to think about it. This is, after all, the season during which most of Mother Nature's creatures feel a little extra frisky. And it's much easier to find the motivation to dress up and go out when you don't run the risk of developing frostbite by doing so. Not to mention that the mind is much more inclined to wander when you're looking at short sleeves and skirts, rather than knee-length down coats, clunky snow boots, and balaclavas. Dress it up all you want, but “bank robber” is never a good look.

You Shouldn't Post Perfect Online Dating Photos And Here's The Mathematical Reason Why

Photos
  • Sunday, March 29 2015 @ 09:45 am
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Everyone in online dating talks about how important the profile photo is. We try to act like looks don't matter as much as what's underneath – and although that's true in the long run, you're lying to yourself if you think looks don't matter at all. Picture yourself shopping. You don't purchase the products with subpar packaging; you go for the ones that look nice, regardless of which one is actually better.

Like it or not, we are all judging and being judged online. As you attempt to craft the perfect online dating profile, you'll be tempted to post the most exceptional pictures you can find. Competition is fierce on online dating sites, so the quickest road to standing out is looking the best you can, right?

Wrong, according to mathematician Hannah Fry. In a TED talk Fry discusses the mathematics of love and offers several tips for finding that special someone. Like most of life, love is full of patterns, she says. Mathematics can be used to study patterns, and therefore mathematics can give us insight into love.

“How attractive you are does not dictate how popular you are,” Fry explains. “And, actually, having people think that you're ugly can work to your advantage.” She shares a graph from OkCupid that plots measured attractiveness against messages received in the last month. Immediately it becomes clear that being considered highly attractive is not a guarantee you'll receive many messages.

What matters more, surprisingly, is that you divide opinion. To make sense of it, imagine being on the other end of things. In the first scenario, you're interested in someone and you suspect other people won't be very interested in them. This is a good situation, because it means less competition for you and more incentive to reach out.

If, on the other hand, you think the person you're into will be highly sought after, you may feel less motivated to contact them. The thought of so much competition – and a high likelihood of rejection – is a strong deterrent.

So, if you use a terrible photo, people will be put off. But, if you use a photo that's too attractive, people may feel like they don't have a chance with you. The best strategy, then, is to go for something in the middle ground. You want to be attractive without looking like you're out of reach.

Fry advises to embrace the things that make you different – whether it's a scar or a receding hairline – even if you think some people will find those qualities unattractive. The people who like you will like you anyway, and the people who don't weren't a match in the first place.

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