OPW - Nov 16 - It looks like Avalanche, the parent company of Date.com, Matchmaker.com, Amor.com, Geek2Geek and other dating sites, has gone out of business. All the sites are down. We have reached out to Avalanche's CEO, Meir Strahlberg, and will update as we learn more.
SEEKING ALPHA - Nov 17 - Momo's founder aims to continue forward as a standalone listed company following the termination of its buyout bid earlier this year. Momo suddenly called off its privatization this year without further explanation. Alibaba has sold off some of its stake in Momo. The sale reduced Alibaba's sizable Momo stake to 23.2%. Alibaba said in a statement that Momo has been a good investment, and it continues to remain a supportive shareholder.
PRESS RELEASE - Nov 17 - Scamalytics is partnering with M14 Industries, a white label dating provider. Scamalytics' technology incorporates machine learning, real time detection, text pattern analysis and image recognition to eliminate scammers from dating sites. This combined data has also enabled them to create the industry's largest shared scammer database. Scamalytics also work with Global Personals, Cupidmedia and Dating Factory.
Monthly Active Users (MAU)1 were 77.4M, compared to 73M last year.
Live video service, which was launched in Q3 2015, continued its strong momentum and generated revenues of $108.6M in the Q3 2016. The rapid growth in live video revenues is mainly because of the increase in paying users of live video service. Paying users of live video service reached 2.6M. Membership subscription Q3 revenues were $18.1M, an increase of 13% YOY. Mobile marketing revenues were $17.7M, an increase of 64% YOY.
ACCESSWIRE - Nov 15 - Judy F. Krandel has been appointed as Snap's Chief Financial Officer. Ms. Krandel had been a member of the company's board of directors until October 7, 2016. Ms. Krandel replaces Alex Harrington who will continue to serve as the CEO.
FAST COMPANY - Nov 15 - The latest Tinder update will feature a new, open-ended "gender" field on people's profiles. When identifying their gender, Tinder users can select from a long list of common non-binary gender identification terms or simply enter their own. Users will be able to determine whether or not to display their gender on their profiles or keep it private. The app will also include language aimed at educating users who may be unfamiliar with transgender issues.
PR NEWSWIRE - Nov 15 - East Meet East, the app and website that matches Asian and Asian American singles in the U.S., has raised $1M. The funding will be used to further develop the mobile app and accelerate the company's growth, specifically in the U.S., Canada, Australia, the U.K., and Hong Kong. The investors in this round include: 500 Startups, East Ventures, DeNA1, iSGS Investment Works, Shintaro Yamada and others.
HUFFINGTON POST - Nov 15 - On Monday night, users began reporting that they were experiencing issues logging in to the dating app. Those who could eventually access their profile, were then unable to see any matches or messages. The outage happened globally. Users just needed to wait and eventually their matches will return.
E27.CO - Nov 15 - The deal is worth $212k in stock considerations and will allow Noonswoon to continue Thailand operations. Prominent investors in Noonswoon include GoldenGate Ventures and 500 Startups. This allows DateTix to expand into Southeast Asia through Thailand and will create a revenue boost through Noonswoon's user-base of 1,600 paying users.
MARKETWIRED - Nov 10 - Q3 revenue was $8.4M, a 28% decrease YOY, driven by decreases in both average paying subscribers and average revenue per user. Total direct marketing expenses decreased 72% to $1.2M. Q3 net loss was $94k, a $728k improvement versus the year ago period. CEO Danny Rosenthal stated: "We have made the decision to focus on improving JDate and Christian Mingle. Accordingly, we have paused work on initiatives that do not support this objective which includes the Church Partnership Program, the CrossPaths mobile application, and the expansion of Christian Mingle into Latin America.
ACCESSWIRE - Nov 10 - Q3 revenues decreased 16% YOY to $2.9M. Net income for Q3 totaled $500k, the highest net income ever recorded by the Company. SNAP announced and closed a merger with Paltalk, a leader in online and mobile video chat, creating a significantly larger, well capitalized public entity with combined annual revenues estimated at $30M.
CNET - Nov 13 - The hack included email addresses and passwords collected over 20 years from six adult-oriented FriendFinder websites, including Penthouse.com, according to LeakedSource, which disclosed the breach. FriendFinder confirmed the site vulnerability. The hack marks the second time in two years that AdultFriendFinder has been hacked. It was also hacked in May 2015, exposing ~3.5M accounts.
REFINERY29 - Nov 14 - Spex is a new dating service for people who wear glasses or are attracted to those who do. The app, which is still in development and currently only exists as a website, was the brainchild of Charly Lester, who was inspired by her own self-consciousness when dating in glasses. "I wear glasses, and when I go on a first date I usually wear contacts as I am a bit embarrassed about them," she said. "But I realised some people actually really like glasses and some people even say they find it their partner's most attractive feature."
Irena Brooks: Why would anyone deliberately seek a partner with eye problems so he/she could pass them on to their future children? Don't get me wrong. I have nothing against people who wear glasses. I wear glasses myself. If you are not comfortable wearing your glasses on your first date, you probably have the wrong glasses :).
BUSINESS INSIDER - Nov 10 - eHarmony is organizing a speed dating event, that will take place at Woolloomooloo in eastern Sydney on November 29. Australian singles will be set up on a series of mini dates. As well as offering up a chance for singles to meet, the night is designed to emulate eHarmony's online matching in real life, to allow the company to evaluate its secret sauce formula. The experiment results will be analysed and written up in a white paper to be published early in the new year.
MOBILESYRUP - Nov 9 - Americans who are in shock and awe of the upset win by Donald Trump in becoming the 45th President of the United States can find hope in Maple Match. Similar to Tinder and Bumble, Maple Match allows users to connect with a Canadian to marry.
QUARTZ - Nov 10 - India is planning to set up regulations that will prevent matrimonial websites from being used for casual dating. Users of such sites will be required to verify their identities to ensure that the service is not being misused for casual dating. They will need to share details of any government-recognized identity proof. Matrimonial websites will also be asked to keep records of IP addresses of users.