Online Personals Watch: News on the Online Dating Industry and Business: 50more

PeerStream Is Selling Its Dating Assets to Focus on LiveStreaming and Blockchain Initiatives

GLOBE NEWSWIRE - Feb 4 - PeerStream has completed a sale of its non-core dating assets to The Dating Company LLC, a private U.S.-based company. The dating assets consist principally of the FirstMet dating service, which was founded in 2007. Alex Harrington, CEO of PeerStream, commented: "as we shifted our corporate strategy it became clear that the dating assets were non-core and suffered from lack of management attention, resulting in underperformance in 2018, including a significant revenue decline and negative cash flow."

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Feb 04, 2019 | Permalink | Comments (0)

Snap Interactive Rolls Out "50more" Nationwide

ACCESSWIRE - July 12 - Snap Interactive, a provider of live video social networking and interactive dating apps, is rolling out its newest platform, 50more, a dating site targeting adults 50+. SNAP has achieved significant pre-launch adoption and engagement on 50more and claims 10K registered users with 7.5K matches.

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Summarized by the Courtland Brooks team

Jul 15, 2017 | Permalink | Comments (0)

Snap Announced 2016 Results; Poised For Rapid Growth After The Merger With Paltalk

ACCESSWIRE - Mar 28 - Snap completed merger with Paltalk on Oct 7, 2016. Total revenues increased 4.3% in 2016 as compared to 2015. Total post-merger revenues for Q4 2016 increased 51.5%, compared to total pre-merger revenues in Q4 2015, reflecting the benefits of the merger. 2016 net loss was ~$1.5M, which included ~$1.1M of non-recurring Merger expenses. Snap has introduced a beta launch of a new dating product, 50more, in the Q1 of 2017, which targets a growing segment of the dating market of users 50+. The company integrated dating functionality into Paltalk to cross sell FirstMet subscriptions to video chat users, and began work on a new live video chat consumer application.