Dating Sites Have Made It Easier For People To Click With One Another

ECONOMIST - Dec 29 - The new year can be an unhappy time but it is a golden opportunity for dating sites, as singles are hoping to find romance—ideally before February 14th. “The period between New Year’s Day and Valentine’s Day is our busiest six weeks of the year,” explains Sam Yagan, from OkCupid. Once seen as the last resort for a bunch of lonely geeks, online-dating services have gradually shed much of the stigma formerly associated with them. ComScore says Match.com and Zoosk saw 4.6M and 4.8M unique visitors respectively in November 2010. Deepak Kamra of Canaan Partners, an American VC firm that has backed Zoosk and BharatMatrimony, estimates that the industry’s revenues now amount to $3 billion-4 billion a year. The online-dating world has also spawned thousands of niche ones. Then there is the fuss over sites such as Illicit Encounters and Ashley Madison, which match people seeking partners for extramarital affairs. But to blame the service for infidelity is to confuse cause and effect. FULL ARTICLE @ ECONOMIST

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Comments

[Mark Brooks]

Worldwide, those numbers look good. $3-$4 billion. China is one of the fastest growing markets. The industry stands at $1.3B+ a year in North America.

Mark Brooks
OnlinePersonalsWatch
usa 212-444-1636 / uk 020-8133-1835