ABOUT-ONLINE - Oct 27 - Contrary to a recent Bloomberg report that dating apps are switching over to pay models, Jack'd, a hook-up gay app, says it will remain free. "Our research continues to show that our targeted demographic does not pay for music, games, movies, or dating," stated Phil Henricks, VP of Strategy and Business Development at Online Buddies, the parent company of Jack'd. Jack'd's monetization is through selling ads to corporations. ~60% of Jack'd's revenue comes from Fortune 500 companies, clothing retailers, and the tourism industry, all of whom have run banners on the app in recent weeks.
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