IHEART - This week, Chelsea Clinton is sitting down with Match Group CEO Shar Dubey. They discuss the state of women in business, the progress we've made (and lost), the impact of COVID-19 on women in the workplace, and what needs to happen next to achieve equality in this industry and beyond.
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Dating News Headlines: Spark Networks, OkCupid, Tinder, Jodii
Quick links to today's dating news headlines.
- Spark Networks Announces the Appointment of Fred Beckley as General Counsel and Chief Administrative Officer - PR Newswire
- Tinder Miniseries Wins ANA's Diamond ECHO Award - Media Post
- Jodii, a Vernacular Matrimony App in Telugu, and 9 Other Languages, Launched - APN News
- Where Are People Less Lonely? - NY Times
- Gen Z Make up More Than Half of Tinder's users - and They're Using the App Way Differently Than Millennials Do - Fortune
- Petromasculinity Is the Leading Dealbreaker for Dating App Users, OKCupid Says - Fortune
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What's Next for the Online Dating Industry
BENZINGA - The online dating industry is now transforming into something much bigger. As Dating Group Chief Strategy Officer, KJ Dhaliwal, explains, the dating industry is about more than just dating; it's all about social discovery. "Personal connections aren't always going to be about romance," said Dhaliwal. "Relationships can be for platonic friendship, entertainment, hobbies, travel, work…. you name it. And that's social discovery; people connecting around mutual interests and creating deeply personal long-term, non-ephemeral interactions." Dating Group is betting heavily on metaverse, travel, music and video. Match Group recently revealed that it has its eyes fixed upon the metaverse. Match Group CEO Shar Dubey said, "Now, the technology allows us to create experiences online where people can meet and discover each other more serendipitously and real-time through shared experiences in a way that is more akin to how they would do in real life." On the other hand, Bumble has indicated that it is keeping its sights on the online dating category. The company has recently acquired Gen Z dating platform Fruitz for an undisclosed sum.
by JT Ripton
See full article at Benzinga
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Dating News Headlines: Bumble, Match Group, Dating Group
Quick links to today's dating news headlines.
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Hello Group to Say 'Bye Bye' to Struggling Tantan App?
SEEKING ALPHA - The company often called the 'Tinder of China' says revenue from its Tantan unit purchased in 2018 plunged 40% in last year's Q4. Hello Group's revenue fell 3.2% in the Q4, with an even larger decline forecast in the current quarter, dragged down by plunging business for its Tantan unit. The company, previously known as Momo, said the tough times will continue into the start of this year, especially for Tantan. Investors weren't too upbeat on the report, with Hello Group's stock falling 5.1% in the two trading days after the results were announced. The company said it expects overall revenue to fall by 7.8% to 10.7% in the Q1 - far worse than the Q4 decline - indicating not only that Tantan's revenue will continue to drop but that Momo may also fall too. But analysts are predicting the trend should bottom out later this year, forecasting an 8% rise in 2022 revenue compared to 2021's level.
by Doug Young
See full article at Seeking Alpha
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Apple's Fine Over Dutch Dating Apps Antitrust Order Hits €50M, but ACM Welcomes Revised Offer
TECH CRUNCH - Until last weekend, Apple still had not met ACM's requirements. That is why it has to pay a tenth penalty payment, which means that Apple must pay the maximum penalty of €50M. But the Authority for Consumers and Markets (ACM) is sounding more positive today after Apple adjusted its most recent offer yesterday - saying the amended proposal "should result in definitive conditions for dating-app providers. Previous offers by Apple were rejected by the ACM as creating unreasonable friction for the developers in question. If ACM comes to the conclusion that Apple does not meet the requirements, ACM may impose another order subject to periodic penalty payments (with possibly higher penalties this time around) in order to stimulate Apple to comply with the order.
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Hello Group (Momo) Financial Results
PR NEWSWIRE - Hello Group, a leading mobile social and entertainment platform in China, announced its Q4 and 2021 financial results.
Q4 highlights:
- Net revenues decreased by 3.2% YOY to RMB3,674.2M ($576.6M
- Net loss attributable to Hello Group was RMB4,242.7M ($665.8M), compared to a net income of RMB651.5M in Q4 2021.
- Monthly Active Users on Momo app were 114.1M in Dec 2021, compared to 113.8M in Dec 2020. MAU on Tantan application were 27M in Dec 2021.
- Total paying users of live video service and value-added service, including 2.5M paying users of Tantan, were 11.4M for the Q4 of 2021, compared to 12.8M in 2020.
Full year 2021 highlights
- Net revenues decreased 3% YOY to RMB14,575.7M ($2,287.2M) for the full year of 2021. Net loss attributable to Hello Group was RMB2,913.7M ($457.2M) for the full year of 2021, compared to a net income of RMB2,103.5M in 2020.
See full article at Hello Group website
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Blyss Dating - a New Dating App That Prevents Catfishing With Facial Recognition
MOBILEIDWORLD - BlyssDating is using facial biometrics to make it more difficult for con artists to connect with victims on its platform. Blyss Dating is set to debut sometime in the summer, and is currently conducting a pre-registration drive for college students and young adults in the Washington, DC, area. Blyss is not the first dating platform to implement some form of identity verification. The Indian dating app Jeevansathi is onboarding new users with Onfido, while Yoti has provided identity services for Fluttr and DateID. The Meet Group has also partnered with Yoti and FaceTec to verify the ages and identities of its customers.
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Dating News Headlines: IIMIIT Matrimony, Apple, Tantan
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Watch the Trailer for Grindr's 1st Original Comedy Series Bridesman
OUT - Gay dating app Grindr is launching its first original comedy series this April, and the official trailer just dropped. Bridesman will be six episodes long and follows a "gay and awful" man named Terry as he is "forced to fulfill bridesmaid duties for his best friend despite his disdain for the construct of marriage and an electric sexual connection with the groom."
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Dating News Headlines: Hello Group, Vegpal, L.A. Dating, Blyss
Quick links to today's dating news headlines.
- Hello Group Inc. Announces Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2021 - PR Newswire
- New Vegan Dating App Set to Make Waves This Spring - Plant Based News
- A New Hyperlocal Dating App Is Launching in LA - DOT.la
- New Dating App to Prevent Catfishing With Facial Recognition - Mobile ID World
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Match Group Avoids $844M in FTC Claims on Judge's Ruling
BLOOMBERG - Match Group won't have to pay $844M sought by federal regulators who accused the company of defrauding customers by failing to screen out fake accounts and messages. U.S. District Judge Ed Kinkeade in Dallas dismissed most of the Federal Trade Commission's 2019 lawsuit, saying the Communications Decency Act protects Match as an online publisher. Match must still defend against the FTC's remaining claims, including that Match.com tricks users into subscribing by offering satisfaction guarantees with hidden strings, and that the app's confusing and complicated online cancellation process continues billing customers who think they've canceled their accounts. The FTC also claims Match.com prematurely cuts off some subscribers' access if they complain about the service.
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Google to Let Spotify Use an Alternative Payment System
BARRON'S - Alphabet's Google and Spotify Technology have reached a deal that allows the streaming giant to offer its own billing service within its app, paving the way for other developers to wrestle back billing control from app stores amid antitrust concerns. Google said the partnership with Spotify was a pilot with a small number of participating developers, designed to explore ways to offer users the choice to pay the developers directly while maintaining Google's "ability to invest in the ecosystem." The company plans to explore user billing choice in other select countries. Over the last year, Google's parent company, Alphabet, and Apple have faced antitrust litigation regarding the fees the app stores charge developers. Spotify and Google did not disclose whether - or how much - Spotify will have to pay Google for in-app billing services. If Google was imposing a lower fee, it could serve as a positive precedent for other app developers, like Match Group and Bumble.
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