WSJ - Jan 24 - Badoo isn’t well known in the U.K. or U.S. but the service is big in France, Italy, Spain and Brazil and operates in 180 countries. Russian-born serial entrepreneur Andrey Andreev founded the service as a run-of-the-mill social network in 2006. Badoo, he says, is like a nightclub on your phone. The most popular age group is 25-34 years old, although one-third of users are over 35. This latter group spends the most money. It has 7 billion page views a month, and ~1 million users online at any time. The company is profitable and did one round of funding. $30 million from Finam for 10% of the company. It has 200+ employees.
by Ben Rooney
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