REUTERS - Mar 25 - Cupid rejected as "misrepresentation and ill-informed speculation" media allegations about its methods to encourage people to buy subscriptions, sending its shares up as much as 79%. The shares fell 60% on Friday in response to the statement. Up to Friday's close, the stock had fallen 64% since the BBC report on Feb. 24. Ukraine newspaper Kyiv Post published an article on March 15 that said Cupid had hired "motivation managers" to encourage people to buy full subscriptions. Cupid said that the managers' job was to monitor and interrogate its websites to detect technical or product issues and to moderate chat rooms and forums. They do not communicate with free members, it said.
by Richa Naidu
See full article at Reuters
See all posts on Cupid plc
It's shocking to see the second report of it's kind on major dating players in such a short space of time. Even if this is only speculation on the "motivation managers" intended role, it won't be long before regulations are introduced as the government will see it as "no smoke without fire".
Posted by: Black Label Dating | Mar 29, 2013 at 05:43 PM
Not sure how they can claim that.
Don't they say they do in their terms of service?
Posted by: Judith | Mar 30, 2013 at 01:44 AM