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Match Group Delivers Q4 Results with Cautiously Optimistic Projections for 2021

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  • Wednesday, February 24 2021 @ 07:21 am
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Match Group shared its fourth quarter earnings this week, offering investors some cautious optimism on what to expect in 2021. 

Last year the company saw record highs in new users and activity, but faced with economic recessions and a global pandemic, revenue growth remained uncertain. The company delivered slightly better than expected results for the last quarter of 2020, with revenue of $651.4 million for the quarter, up from $547.2 million. Analysts had been projecting $649 million according to Market Watch. Match Group also reported net income of $140.6 million, up from $94.7 million this time last year. 

OkCupid Teams with Veggie Brand Sweet Earth for Valentine’s Day

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  • Wednesday, February 10 2021 @ 11:08 am
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  • Views: 1,251
OkCupid and Sweet Earth Partner

OkCupid has partnered with vegetarian food brand Sweet Earth to help vegetarians and vegans find love ahead of Valentine’s Day.

The companies will host a virtual event along with Outer Banks actor Chase Stokes, a “flexitarian” who is dating co-star and actress Madelyn Cline, who is vegan, about how to navigate dating when you and your match follow different diets. The Veggie Lovers Virtual Dating Event will take place online on Wednesday February 10th.

OkCupid’s Dating Expert Damona Hoffman will lead the Q&A session along with Stokes to discuss the challenges daters feel when it comes to navigating dietary preferences. Participants can also enter for a chance to win a spot in a private and exclusive speed dating event, according to Veg Times.

DC National Guard Flocking to Tinder in Wake of Riots

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  • Monday, January 25 2021 @ 07:45 am
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Washington D.C. has increased its National Guard presence since the riots at the Capitol on January 6th, and these troops are turning to Tinder to find love while they work.

According to Newsweek, there have been reports on TikTok that Tinder has been flooded with photos of men in uniform, which is highly unusual for the Washington D.C. area. While these officers are sharing photos in their fatigues, they are also sharing interests like traveling and video games, according to Newsweek.

People are taking to social media to point out this trend, noting how many more military people are showing up as potential matches. In fact, some users in the DC area said the majority of profiles they see are members of the National Guard. Even a reporter for Sports Illustrated noticed the increase in these profiles.

DC Bumble Users are Using the App to Turn in Capitol Rioters

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  • Wednesday, January 20 2021 @ 09:15 am
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  • Views: 960
Bumble app users are purposely matching with Trump supporters to identify participants in the attack on the U.S. Capitol

Some female Bumble app users are purposely matching with Trump supporters to identify participants in the attack on the U.S. Capitol, and then promptly turning them into the FBI.

One Twitter user posted that she had seen dozens of rioters using dating apps in the DC area and wondered whether it would be useful to law enforcement to gather evidence from these platforms. Immigration Attorney Allison Norris responded, saying her friend was already collecting evidence against them: "She's matching with MAGA bros and they’re bragging and sending her pics and videos of them in the Capitol," she tweeted. “She's sending them to the FBI." 

Bumble Plans to Go Public In February

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  • Monday, January 11 2021 @ 10:07 am
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Bumble IPO Plans on Valentines Day?

Dating app Bumble is looking to make its stock market debut in February, likely in time for Valentine’s Day, according to a report from Bloomberg who broke the news.

The female-forward dating app was rumored to be planning its IPO for 2021, but there was no date or even timeframe specified. The company is backed by investment firm Blackstone Group, and according to Bloomberg, has already confidentially filed with the Securities and Exchange Commission to go public. In 2019, Blackstone acquired a majority stake in what was known as MagicLab, now rebranded as Bumble, which owns the Bumble apps and Badoo among other dating apps. At the time of the purchase, MagicLab was valued at about $3 billion.

New Exclusive Dating App The Lox Club Debuts as the Jewish Raya

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  • Friday, January 08 2021 @ 09:24 am
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  • Views: 1,770
The Lox Club Logo

The Lox Club officially launched this fall, but the buzz about it has been growing since the beginning of the year, with comparisons to exclusive dating app Raya.

The new members-only app accepts applications from users to join, and there’s currently thousands of people on the waiting list over the course of a couple of months, according to Jewish Insider. The company’s target market is Jewish singles looking for a different, more curated experience from a mainstream app like Tinder, but you can join even if you’re not Jewish. The tagline says the app is: “for Jews with ridiculously high standards.”

The app is similar to Raya in that you can’t just sign up, you have to be accepted. However, unlike Raya, acceptance to the club isn’t dependent on how many Instagram followers you have, (though users are required to link to their Instagram page when they join), or what you do for a living, but something more intangible - what kind of values you hold.

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