SEEKING ALPHA - Mar 28 - Snap is directly leveraging Facebook’s customer base for their dating app, AreYouInterested.com, and those dating app revenues have been growing at a rapid pace. Right now, AreYouInterested.com has 30M users, and is adding 50K new users a day. Soon, Facebook friends will be able to share their exact whereabouts via a mobile app called WhoIsNear.com. Snap recently raised $8.5M in a private placement to develop and beta-test Whoisnear.com. Unlike many secondary offerings that can suppress the price of a stock for months or longer, Snap’s shares have held firm above the $2 level. One of Snap’s main LBS competitors, Foursquare Labs, started in 2009. They currently have 6M users, and raised $20M last year, who valued the company at $120M.
by Jon Slotnick
See full article at Seeking Alpha
Mark Brooks: Match (via IAC), Spark Networks, and Cupid are the other public iDating companies. Their numbers are listed in summary pdf's on the right bar of OnlinePersonalsWatch, fyi.
See all posts on SNAP Interactive
See all posts on AreYouInterested
Comments