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Match Group Makes 1.7 Billion Acquisition of Social Media Company

China
  • Saturday, February 27 2021 @ 11:13 am
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  • Views: 1,186
Match Group acquires Hyperconnect

Match Group is expanding its portfolio with the acquisition of Hyperconnect, a popular South Korean social media company. Match Group purchased the company for $1.7 billion in stock and cash, according to an announcement made by the companies.

Match Group CFO Gary Swindler said in an interview with CNBC that the move to acquire Hyperconnect positions Match Group for further growth, as social discovery apps are a new way for people to connect beyond dating apps. Virtual connections have been in increasing demand since the start of the pandemic, with people isolated in their homes and feeling disconnected. Social discovery apps have been hugely popular and are expected to grow at a faster rate than dating apps, particularly in Asian markets, according to Swindler. 

Match Group Delivers Q4 Results with Cautiously Optimistic Projections for 2021

India
  • Wednesday, February 24 2021 @ 07:21 am
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  • Views: 994

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. 

India Dating App QuackQuack Sees Surge in Sign-ups in Wake of Pandemic

India
  • Friday, February 19 2021 @ 09:16 am
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  • Views: 837
QuackQuack

The numbers of people in India turning to online dating has soared since the start of the pandemic. As they have been forced to stay at home and limit their interactions, many are trying dating apps for the first time to connect and meet new people. 

Dating app QuackQuack has been one of the fastest-growing dating apps in India, though it competes with giants like Hinge, Tinder and Bumble who are pouring resources into marketing efforts in the country. Still, QuackQuack saw a 300 percent increase in sign-ups that took their user base to 11 million in 2020, mostly due to people in smaller cities and towns eager to try the service. 

In fact, over seventy percent of new sign ups on QuackQuack in 2020 were from smaller cities and towns, a change from previous years. Over the past year, they added 3.4 million new users according to India New England News.

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

United States
  • Wednesday, February 10 2021 @ 11:08 am
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  • Views: 1,323
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.

Sky One to Remake Dating No Filter in the UK

United Kingdom
  • Monday, February 01 2021 @ 09:24 am
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 Dating No Filter coming to the UK

The hit US dating reality show Dating No Filter from E! Network is getting a remake for UK audiences. Comcast-owed Sky One Network and Now TV will air the new eight-part series, according to Deadline.

The UK version follows a similar format to the original, with a group of singles set up on blind dates by comedians who give their commentary as the dates progress. According to British Comedy Guide, the comedians will be given some control over a range of matches to choose from, and of course they weigh in on any awkward moments.

DC National Guard Flocking to Tinder in Wake of Riots

United States
  • Monday, January 25 2021 @ 07:45 am
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  • Views: 681

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.

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