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
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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.
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