CNBC - Mar 29 - A recent report by Topeka Capital Markets finds that the combination of tough economic times, a rise in the number of singles, social media and mobile technology is causing a resurgence in the online dating business. In a recent Pew Internet survey, 59% of Americans consider online dating a good way to meet people compared with 44% in 2005. 112M people in the U.S. are single (47%), up from 42% in 1994, according to the Census Bureau. "There are few stand-out investment opportunities these days," said Mark Brooks, an Internet dating industry consultant. Leading the pack is Match.com. Analysts recommends investors to purchase shares of IAC in anticipation of a Match.com spinoff. "In general, I would recommend mobile and social and large dating sites. Everything else is humdrum," said Brooks. Mobile technology is another driver of industry growth.
by Nia Hamm
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