WIRED.CO.UK - Apr 25 - - Apr 25 - Badoo is a 120M-member social network that's adding ~300K users a day. Its Facebook's fastest-growing app, with 570K new daily users, making it the 3rd biggest app, after FarmVille and CityVille. Still barely registering in Britain or the US, the free network is a mass phenomenon in Brazil (14.1M members), Mexico (9M), France (8.2M), Spain (6.5M) and Italy (6M). Andrey Andreev founded Badoo and highly profitable Russian internet businesses: Mamba, SpyLog, Begun. Badoo launched in 2006 in Spain, where Andreev was living, as a photo-sharing site. The site wasn't generating revenue, but was growing sharply. In 2008, Andreev refocused the site on meeting new people. He introduced premium services. You could pay a dollar or euro to "rise up" the search results. In 2009, the site had 48M users and 20% were paying to boost their profile. Badoo Mobile launched on the iPhone and Android and was downloaded 1.5M times in 8 months. Forbes Russia put Andreev in the top 30 successful businessmen in Russia.
by David Rowan
See full article at Wired
Mark Brooks: $2 billion! Kthud! (fell off chair). There's hope and money and prospects left in the idating industry yet. ;-)