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Beijing-based social app Momo is the latest company to see its revenue fall for the first quarter of 2020 due to the economic repercussions of a global pandemic. Interestingly, while other social networks and dating apps have seen an increase in users over the same period, Momo reported a decline there, too.

According to PanDaily, Momo’s net revenues decreased by 3.5% year over year to $3.59 billion Chinese yuan. The bulk of the revenue  - 64.9% - came from live-streaming services on Momo and its popular dating app Tantan. Tantan on the other hand reported an increase in revenue in the first quarter of 29.3 percent from Q1 of 2019. Tantan contributed 10 percent of Momo’s overall revenue for Q1 of 2020.

Dating app Tinder came under fire for banning users of its platform when they posted statements and photos supporting the Black Lives Matter movement. Shortly after the backlash, the company reversed their decision.

Millions of people around the world have been protesting police violence in the wake of the murder of George Floyd. Black Lives Matter and other racial justice organizations have crafted petitions and promoted donation requests as the movement has progressed. Some Tinder users were spreading the word through their Tinder profiles in order to further promote these petitions and causes, and dozens reported being banned from the platform.

According to BBC, one user took to Twitter to announce: “Yesterday, I changed my Tinder bio to 'All Black Lives Matter. If you don’t think so, swipe left.” That user was banned shortly thereafter.

Tinder has announced that it will be releasing a new video chat feature in the second quarter of this year. This news comes as people around the world continue to socially distance in the wake of the coronavirus, and as its parent company Match Group shared that the app’s subscriber growth had slowed.

Match Group didn’t give specifics about Tinder’s new video chat feature and what it would look like, but they did indicate they were testing the waters with a new video chat platform on another one of its apps, Plenty of Fish. POF offers a live stream video platform where users can observe and weigh in with likes and comments on other user’s live streams. The app is also offering a virtual speed dating feature called NextDate, which allows users to meet and talk briefly with several matches before deciding whether to take the video chat to a one-on-one conversation.

CEO of POF, Malgosia Green

Image: POF

Plenty of Fish (POF) has had a reputation as a hookup app among dating app users, but under the direction of CEO Malgosia Green the last two years, the company is pivoting to create a more engaging and authentic experience for users.

In a recent interview with Green posted on the company’s blog, she discusses her primary goal to create a more authentic online dating experience at POF. The company’s research found that 84% of singles said they wanted more authenticity in dating and think all face filters should be banned. As a result, POF was the first to implement a face filter ban and committed to auditing 70 million images and removing face-filtered images. 

POF is taking virtual dating to the next level with a new initiative called NextDate Social Hours on its POF Live! platform.

NextDate is like virtual speed dating, where users have the opportunity not only to meet new people but also win prizes for participating. Users can go to POF Live! and hit the “go live” button to join while the speed dating hours are in session. They can join NextDate by clicking the heart at the bottom on their screens.

Once a user has joined NextDate, they will get paired with a potential match who has also joined. Then each of you is given some prompts to ask questions and get to know each other while other participants can watch and send hearts and other virtual gifts of encouragement, according to POF’s blog.

As a growing number of people began social distancing, they are turning to dating apps for connection – and specifically, logging on to Tinder.

Tinder reported that it received over 3 billion swipes in one day – Sunday March 28th – the highest number ever recorded in the app’s eight-year history.

The company also noted in a press release that daily conversations have increased about 20% across the globe, and the average length of conversations is 25% longer. In the US, conversations have been up an average of 19% and the average length of a conversation is 8% longer.