Industry

Tinder to Launch a New Scaled-Down App Tinder Lite

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Tinder plans to launch a new, scaled-down version of the app called Tinder Lite.

According to Tech Crunch, the new app is catering to markets where bandwidth, data usage and storage space have all been challenging, which means customers to pay a premium for access to mobile data. Some of the regions Tinder is targeting include India and Southeast Asia, where parent company Match Group has appointed three new executives and dedicated more resources to growing its brands.

Tinder Lite was initially mentioned in an investor call according to Tech Crunch. However, Match Group CEO Mandy Ginsberg shared few details about the launch or the app. There was no specific date mentioned, and no details about what features would be removed, but likely the trademark swiping and matching would remain as key elements of the Tinder Lite experience.

The Meet Group Reports First Quarter 2019 Financial Results

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The Meet Group, a portfolio of mobile social entertainment apps including MeetMe, LOVOO, Skout, Tagged and Growlr, released financial results for its first quarter ended March 31, 2019. The company reported revenue of $49.5 million, an increase of $11.9 million (or 32 percent) from $37.6 million in the first quarter of 2018.

Other highlights from The Meet Group’s Q1 2019 financial report include:

  • GAAP net income of $1.3 million, or $0.02 per diluted share, compared to a GAAP net loss of $4.2 million, or a loss of $0.06 per diluted share, in the prior year quarter.
  • Adjusted EBITDA of $8.1 million, compared to Adjusted EBITDA of $5.2 million in the prior year quarter.
  • Non-GAAP net income of $7.0 million, or $0.09 per diluted share, compared to $4.1 million, or $0.05 per diluted share, in the prior year quarter.

Apple and Google Remove 3 Dating Apps After FTC Warns They Endanger Children

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Early in May, Apple and Google removed three dating apps from their stores after the FTC declared them a danger to children. By Friday May 10th, the updated apps were available again in Google Play, but not in the Apple Store.

According to The Hill, the FTC issued a consumer advisory for dating apps, and named three apps specifically - Meet24, FastMeet, and Meet4U – because they put children at risk of exposure to potential predators. Children under 13 years of age were able to sign up for these apps and communicate with other users, including adults, a violation of a law that requires parental consent before collecting information on underage people.

Retro Gaming Icon Atari Invests In LGBTQ Dating App Qutie

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LGBTQ singles can face a challenging dating landscape. Bars aren't always the best place to meet, and though dating apps are an option, many cater to a hookup-oriented market and most focus solely on lesbian women or gay men. Qutie, a up-and-coming app from LGBT Media Inc., hopes to change that - with a helping hand from the iconic entertainment company Atari.

“We created LGBTQutie after being frustrated with the limited options for LGBTQ people looking for relationships, friendships and meaningful connections,” says Qutie’s campaign on StartEngine, an equity crowdfunding platform. “Our app is inclusive of the full spectrum of LGBTQ sexual orientations and gender identities. LGBTQutie is more than just another dating app. We are community-focused and provide users with content that is relevant to them including LGBTQ specific news, blogs and events.”

Trends in China Could Drive Dating App Technology

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Jiayuan now allows users to livestream.

In technology-forward China, single people are looking to new ways of connecting with each other via dating apps beyond the traditional swipe. Now, online dating companies in China are experimenting with livestream, and soon U.S. companies could follow.

Gizmodo reported on the trend of Chinese dating apps integrating livestream features into their platforms. Jiayuan, China’s largest dating app, launched its new livestream feature this past January with an interesting twist. Instead of two users opting to chat with each other over the app in private (like with Facetime), a user can set up a chat topic and see if someone wants to join. Once one person accepts and the two start a chat, it becomes a broadcast where other users can watch and comment.

Match Group Focuses on Asian Market In Restructure

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Match Group announced some changes in key leadership and company structure in light of its new focus on the Asian market.

As U.S. and European markets make up the bulk of revenue for Match Group, the company sees great untapped potential in Asian markets, where young single populations are booming. According to Tech Crunch, there are more than 400 million singles in Southeast Asia and two-thirds have not tried a dating app.

Match Group is focusing on Japan, Taiwan, India, South Korea and Southeast Asia with three new general managers hired to oversee expansion in these areas. One manager is Junya Ishibashi, who will become general manager of Match Group for Japan and Taiwan. Taru Kapoor will be general manager of Match Group India, and Lyla Seo is now GM of Match Group for South Korea and Southeast Asia.