Tinder

A new app that has taken the dating world by storm is Tinder, a modern version of the game "hot or not." With Tinder, users can view the photos of other users along with basic information, and make a decision as to whether or not they want to meet. Swipe left to say no, swipe right to say yes. If you both say yes, you can start chatting and potentially meet in real life.

It's a different kind of experience from traditional dating sites, which makes it appealing to many users. It is easier to set up and easier to meet people quickly, rather than with online dating sites that require answering a questionnaire, profile description, and emails back and forth. With Tinder, you can join and meet someone instantly.

But who is using it? Are men more interested in Tinder because of its hook-up potential? Not really. Forty-five percent of Tinder users are female, and they are actively participating. Most of the users also skew on the young side, which isn't surprising. It is less intimidating to use Tinder than to market yourself on an online dating site, which could seem like more of a commitment for someone who is twenty-one and not really looking for a committed relationship.

So Tinder might be easy to use, but how are people really using it? Is it basically a hook-up app? According to most reports, yes. After all, Tinder was marketed to those people who are looking to meet other singles close by quickly, which feeds into the hook-up culture. But according to company executives and a few media members who have tried it, people can unexpectedly find love, too.

Like other online dating sites, you don't always know who it is you're meeting, and people definitely flake and don't show up, whether you meet via Match.com or an app like Tinder. It seems bad behavior will exist no matter what the platform you use to meet people.

So what does this mean? Traditional online dating isn't going away anytime soon. There are many people interested in long-term relationships, who prefer reading profile descriptions, emailing and a phone call before meeting someone in person.

But if you're out on a Friday night with your friends and you're looking for some excitement? Tinder might be a good way to socialize. Think about it this way. You look at people in a bar and decide who you want to approach. The only difference with Tinder is that their faces are on a screen.

A few years ago, Match.com became a household name when it comes to online dating. Now that mobile apps like Tinder have gained popularity and people are looking to newer and niche online dating sites like JDate or How About We, people are starting to see what else is out there.

In fact, social media, and Facebook in particular, are becoming players in the game. While traditional sites rely on new sign-ups and static searches, social media-friendly dating sites and apps pull information from a vast pool of active Facebook profiles and introduce you to friends of friends in your network. This has become a big draw for people, because most singles feel more comfortable meeting someone new if they have a friend in common. This is especially true for women, who are sometimes skeptical of the safety of online dating.

According to an article in Wall Street Cheat Sheet, entrepreneurs are just beginning to understand the importance of utilizing social media in industries like online dating, which could mean big revenues in the future. LinkedIn has gained traction in the social media space because the platform focuses solely on job seekers and networkers looking for career opportunities. There is a sense of trust when someone comes recommended for a job by a mutual friend or co-worker, so companies are looking to the service to attract new employees. So why not apply the same principal to those looking for a date?

CNN Money has declared Sam Yagan, co-founder of OkCupid and CEO of Match Inc., the "nerd king of online dating." I can't say it's the most flattering nickname I've ever heard, but I'm pretty sure Sam is too busy taking Scrooge McDuck-style dives into piles of money to care what CNN thinks of him.

Nicknames aside, CNN and Fortune actually seem to think quite highly of Yagan, who was recently included in the '40 Under 40' list and profiled by the magazine.

Yagan's journey to become one of the most famous names in the online dating biz started with almost no dating at all: he was engaged to his high school sweetheart, and his first company was a CliffsNotes-alternative called SparkNotes. Both ventures went well: he is still married to his high school girlfriend, and SparkNotes sold to iTurf, Inc. for $30 million in 1999.

Looking for the best online dating site? There are many out there, but how do you know which sites are the ones most people are checking out? After all, you want a lot of choice when it comes to searching for love.

According to website Mashable.com, Yahoo has revealed the top 10 dating sites that people have searched for using their search engine. And surprisingly, OkCupid topped the list (with even more searches than standards like Match.com or eHarmony).

Another surprise? Men seem to be more interested in online dating, or at least, searching for sites and checking them out.

Here's the complete list:

OkCupid. This site tops the list, and maybe because their demographic skews younger and it's a little more engaging with members than some of the classic dating sites. Most of the searches were conducted by men (68%).

Match. This website is almost synonymous with online dating. It's been around a while, and is still going strong. Again, the majority of searches (73%) came from men.

MeetMe. A more casual site for dating and friendship, MeetMe is gaining marketshare when it comes to online dating. Or at least, people seem to be searching for the site. A hefty 67% of men (primarily from Arkansas, Kentucky and West Virginia) searched for it according to Yahoo.

Zoosk. This popular website touts is algorithms which allow members to "date smarter." Again, more than 70% of its searches came from men.

eHarmony. The go-to destination for those looking for committed relationships, eHarmony has remained near the top of the pack for a long time. Surprisingly, more men (54%) than women were searching for this website.

PlentyofFish. This dating site has a bit of a reputation, but that hasn't stopped people from checking it out. Formerly known for its "intimate encounters" section, POF has recently undergone an image change to focus on matching people with relationship potential.

JDate. The most popular site for those who are more religiously inclined, JDate has become the go-to source for Jewish singles. Not surprisingly, the most searches came from New Jersey, New York, and Florida, all with more concentrated Jewish populations.

Skout. Mobile apps also figured prominently into searches. Skout is a networking app that focuses on meeting people rather than having specific agendas for dating and relationships. Most of the searches for this site came from men (68%) residing in Texas, California, and Florida.

Christian Mingle. A popular religious-based dating site, Christian Mingle focuses on dating, friendships, and relationships. This is the only site that had more females searching for it, primarily from Texas, California and Pennsylvania.

Tinder. This mobile app was made popular by college students, a sort of "hot or not" version of online dating. With its easy-to-use and convenient set-up, the app has taken off among singles who like to see who's close by and wanting to meet a little more spontaneously.

Once upon a time, in a galaxy that now seems far, far away, online dating was considered the last refuge of the hopeless. It was something to be ashamed of, a final resort for people who had exhausted all other opportunities for finding love. (And secretly, we didn't think they'd be able to find it online either.)

Oh, how the tables have turned. Online dating is now the second most popular way for couples to meet, surpassed only by meeting through mutual friends. It's part of a daily routine for millions of people - wake up, read your email, check Facebook, answer messages on your online dating site. It's even starting to feel like the people who haven't tried online dating are in the minority.

According to Harry Reis, a professor of psychology who coauthored a 2012 study on online dating called Online Dating: A Critical Analysis From the Perspective of Psychological Science, the switch likely happened because the Western world experienced a transition in the way it approaches romance. Prior to the rise of online dating, it was difficult for adults to meet each other once they'd moved on from high school and college. Online dating offered a fresh take on connection.

"Online dating is definitely a new and much needed twist on relationships," says Reis. "The Internet holds great promise for helping adults form healthy and supportive romantic partnerships, and those relationships are one of the best predictors of emotional and physical health."

Online dating was a natural progression. In this hyper-connected era in which we spend a good portion of our lives on the Web, it's no surprise that we find ourselves drawn to online dating. Dating sites provide a sense of security, and unprecedented access and information.

When you log on to a dating site, you feel confident that that (most) everyone you see is looking for a date, and you're able to extract large amounts of information about potential partners immediately, before you've ever even spoken. On top of that, most dating sites help you narrow the field further using detailed search metrics and complex matching systems.

That sounds pretty futuristic and space age-y as-is, but online dating is already beginning to evolve into something else. With more people using the Internet on mobile devices than desktops or laptops, the world of online dating is starting to blend into traditional dating to form the latest craze: mobile dating.

Apps like Tinder and Swoon streamline the dating experience by eschewing long profiles in favor of simple processes to browse and select dates. And unlike standard dating websites, these mobile apps connect you with dates in your immediate area, making dating's newest direction easier and more relaxed than it has ever been before.

Facebook's ad strategy is a subject of major concern for investors. Advertisements are the site's principal driver of revenue and now that it's a public company, Facebook must satisfy investors as well as its own internal team.

The outlook has been grimmer than anticipated for all but one group of advertisers: dating apps.

In June 2013, the top 20 grossing iPhone apps in the social networking sphere included at least 13 dating apps. Facebook-integrated apps like Tinder, a new app that's taking the market by storm, are becoming increasingly popular among social networking-savvy singles. But as Tinder grows, some older apps, like Are You Interested, a freemium app that's been downloaded 70 million times in its 6-year history, are suffering.

AYI monthly users have dropped from 7.3 million in November 2011 to 3 million today. Only 80,000 people have signed up for AYI subscriptions so far, reports Forbes, and revenue was static for 2012. AYI needs a new strategy if it's going to leverage the 20 million Facebook users who have already synced their profiles to the app and stay on top of the competition. To reinvigorate the brand, AYI turned to Facebook's mobile app install ads.

AYI began a heavy marketing campaign on Facebook's mobile offering, and within a month saw 200% more downloads than the previous month. Because Facebook's mobile advertising is relatively inexpensive, AYI was able to conduct tests to find their most engaged audiences:

• Canadian males & Brazilians of both genders aged 26-36
• Finns over the age of 36
• Americans over 30

And it's not just Facebook's impressive opportunities for market research that make it an ideal choice for marketers. Ads like those used by AYI no longer take users out of the Facebook app and into the app store to download, Users can install new apps directly from their newsfeed, which makes for an easier, more streamlined experience.

Some companies have a greater potential for Facebook ad success than others. Cliff Lerner, co-founder and CEO of Are You Interested, recommends Facebook mobile ads for companies that operate in multiple countries. Those companies, he believes, have the most to gain from the demographic testing that can be done on Facebook. He also advises targeting friends of people who have already installed the app and showing that connection to users who are more likely to download an app their friends are already using.

"Users don't behave differently on mobile but there's less competition for traffic right now and it's cheaper to acquire a user," Lerner says. Facebook's mobile offering may now be the hottest place for companies that rely on downloads to do business.