Daily Executive News Summaries for Decision Makers.
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Hinge Is Spending $1M to Get People Meeting IRL
FAST COMPANY - Hinge is launching a $1M social impact fund to address the loneliness epidemic among its Gen Z users. The fund will provide grants of $10 - $25K to groups in Atlanta, LA and New York City to create in-person connection opportunities for young adults. This initiative, led by Hinge's fi...
Amanda Bradford's Vision for The League's Future With Match Group
FORTUNE - Amanda Bradford, the founder of the exclusive dating app The League, sold her startup to Match Group for $29.9M. Bradford, who raised $2.2 M in seed funding and was the solo founder, became more risk-averse over time, prompting her decision to sell. She chose Match Group, impressed by thei...
Gen Z's Shift Away From Dating Apps: a Move Towards In-Person Connections
PUREWOW - Gen Z appears to be moving away from dating apps, as evidenced by a nationwide survey showing 79% of college-age individuals don't regularly use them, preferring in-person meetings. This trend, alongside plummeting share prices for companies like Bumble and Match Group, suggests a decline....
Holdings Repurchases Partnership Interests and Class a Common Stock From Blackstone
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Introducing Fika 3.0: AI-Powered, User-Focused Dating App
LINKEDIN - Fika, the AI-powered social and dating app, has launched its latest version, Fika 3.0. Initially established in 2021 as a female-focused platform, Fika prioritizes safety and authenticity, allowing only verified profiles. Fika 3.0 harnesses data from its 2M users, including images, person...
Philadelphia's Fresh Approach to Dating: Combining Tech and Traditional Events
CBS NEWS - Michal Naisteter, a matchmaker, and Dara Rahill of Tawkify have joined forces in Philadelphia to create dating events that blend technology with traditional dating. These events, held monthly in trendy venues, require attendees to buy tickets in pairs and bring a guest of the opposite gen...
A Courtland Brooks https://bit.ly/44QobWd favorite quote...
“If your stories are all about your products and services, that’s not storytelling. It’s a brochure. Give yourself permission to make the story bigger.” – Jay Baer
Courtland Brooks - Unique team of Internet dating and online social community business and marketing experts.
If you want to feel what its like to walk in some elses shoes, you should turn to Virtual Reality. It will make you more empathetic.
According to a new study, virtual reality may be a useful tool for encouraging empathy and positive attitudes towards marginalized groups.
Bumble Supports Legal Challenge to Clarify Texas Abortion Law
SCRIPPS NEWS - Bumble, a women-focused dating app based in Austin, Texas, supports a lawsuit challenging Texas' strict abortion law. The lawsuit, led by the Center for Reproductive Rights on behalf of 22 plaintiffs, aims to clarify medical exemptions under the Texas abortion ban. Bumble joined an am...
Put your phone down, and be with people in your life, and you'll feel better
Facebook, Snapchat, and Instagram may not be great for personal well-being. The first experimental study examining use of multiple platforms shows a causal link between time spent on these social media and increased depression and loneliness.
Study Reveals Popularity Bias in Online Dating App Algorithms
MIRAGE NEWS - A study by Carnegie Mellon University and the University of Washington reveals that online dating app algorithms favor more popular, attractive users, impacting the chances of less popular users being recommended. The research, analyzing data from ~240K users of a major Asian dating pl...
Bumble For Friends Wins Google Play Best of 2023 User's Choice Award for Fun
LINKEDIN - Bumble For Friends has been recognized with the prestigious Google Play Best of 2023 User's Choice award for the Best for Fun category, a significant achievement celebrated in the US, Canada, Australia, and Great Britain. This award highlights the exceptional efforts and creativity of the...
Jigsaw Dating Partners With Yoti to Ensure Trustworthy Profiles
YOTI - Jigsaw Dating has partnered with Yoti to integrate photo verification technology, enhancing user safety and authenticity. This system requires members to take a selfie upon account creation, which Yoti's MyFace technology verifies as real, preventing fake profiles and fraud attempts. Members....
Yelp, Strava and Duolingo Are…Dating Apps?
WALL STREET JOURNAL - On the internet, every app can be a dating app. Striking up a conversation on a service where you know someone shares your interests can feel more natural than sifting through dating apps, former dating-service users say. Online dating also has become more expensive, with subsc...
A Courtland Brooks https://bit.ly/3Rb2bC9 favorite quote...
“The media’s the most powerful entity on earth. They have the power to make the innocent guilty and to make the guilty innocent, and that’s power.” – Malcolm X
Courtland Brooks - Unique team of Internet dating and online social community business and marketing experts.
So you're a pro at Behavioral Economics? Try these quizzes.
Quizzes that tests your understanding of the human psyche.
More eye contact = less lying!
A new study found that eye contact can make us act more honestly.
eHarmony Revamps With a New Look
LINKEDIN - eHarmony has introduced a new design, refreshing its look with a modern wordmark, vibrant color palette, and a sleek icon. This redesign aims to improve the user experience, emphasizing the brand's focus on meaningful connections. See full article at LinkedIn See the top news on eharmony
Grindr Content Moderators Are Facing a Mental Health Crisis, Says New Report
THEM - Outsourced content moderators for dating apps like Grindr are experiencing a mental health crisis due to the disturbing content they encounter and inadequate support, reports the Bureau of Investigative Journalism. These workers, based in countries like Honduras, the Philippines, and Brazil,....
Spark Networks SE Undergoes Financial Restructuring
LAW 360 - Spark Networks SE, the parent company of Zoosk, is taking significant steps to restructure its finances due to recent challenges. Initially, the company filed a restructuring plan in a German Court under the StaRUG law, a framework for stabilizing companies in financial distress. Subsequen...
Tinder Redesigns Profile Pages With Prompts, Info Tags and Quiz
TECH CRUNCH - Tinder is updating its profiles with new features to enhance user interaction and make starting conversations easier. These updates include conversation-starting prompts, personalized quizzes, and basic info tags on interests and lifestyle. Additionally, Tinder introduces a dark mode s...
Bumble for Friends Introduced AI-Powered Icebreakers
BUMBLE - Bumble For Friends has added a new feature that uses AI to generate personalized icebreakers for users. When starting a chat with a new match, users can tap a button to receive up to three AI-crafted conversation starters based on their public profile information. Users can choose and edit....
Virtual reality could lead to the end of humanity
It happened almost every night around 10 p.m. Some other part of my consciousness would guide my fingers towards other apps as if I was navigating a Ouija board.
System 1 and System 2 Thinking Inform Research Design
Direct competitors to successful product innovations don’t always fail. The recipe for success? It’s grounded in behavioral science.
AR warps our physical appearabce. Physical appearance is a key component of identity and as such it can have a substantial impact on psychological well-being
Augmented Reality (AR) has enabled companies to offer highly personalized, interactive experiences, making it possible to engage with customers on a whole new level. But while filters that digitally alter people’s appearances can add a lot of value, they also come at a cost: New research suggests ...
Hookup App Feeld Partners With Users for Rebrand
MASHABLE - Feeld, a dating app for sexual exploration, has undergone a rebrand with input from users, focusing on personal transformation and curiosity. The app, originally known for threesomes, now embraces a wider range of sexual interests and identities, with many users exploring q***r identities...
Tawkify Announces Live Dating Show With Bravo and Netflix Stars
PR NEWSWIRE - Matchmaking service Tawkify announces "Tawkify Live," a new series launching in January 2024 on Tawkify's Instagram. The series will feature Marysol Patton (RHOM, RHUGT), Jackie Goldschneider (RHONJ), and Marshall Glaze (Love is Blind) as they discuss their relationships and dating exp...
Grindr Workers to Hold Union Election Amid Return-to-Office Spat
BLOOMBERG LAW - Grindr employees will vote on unionization later this month. National Labor Relations Board (NLRB) Regional Director Mori Rubin ruled Tuesday that the group of ~100 employees can vote on whether they want to be represented by the Communications Workers of America. by Parker Purifoy S...
ProSiebenSat.1 Q3 Financial Results
PROSIEBENSAT1 - The Q3 2023 results presentation by ProSiebenSat.1 outlines various operational updates, financials, and outlooks for the company. Key highlights included: The Group's Q3 revenue decreased 3% YOY to EUR 888M. Adjusted net income declined by 41% in Q3 YOY. The decline in the Group's Q...
Grindr Reports Q3 2023 Revenue Growth of 39%
PRESS RELEASE - Grindr reported a significant increase in its Q3 revenue for 2023, reaching $70.3M, a 39% growth from the previous year. Despite this revenue boost, the company experienced a marginal net loss of $0.4M. The company's operating income stood at $16.6M with an Adjusted EBITDA of $32.6M....
How DUO Is Using AI to Make the Dating Process More Accessible to Everyone
FORBES - DUO, a date-planning app, is using AI to make dating more accessible and less stressful. Their new feature, AI-Powered Dates, helps users schedule dates based on personal interests, enhancing the experience by offering personalized suggestions. This is particularly beneficial for people wit...
Dating App Hatched Brings Its Hidden Profile Concept
TECH CRUNCH - The dating app Hatched, which hides user profiles within egg icons that reveal through answering questions, has expanded to the East Coast and introduced new paid features. The app uses an in-app currency, "Yolks," for premium actions like "super hatch." Focused on fostering deeper con...
Match Group Advocates for Ethical AI and Internet Safety at Senator Schumer's AI Forum Series
LINKEDIN - Match Group, led by CEO Bernard Kim, contributed to Senator Schumer's landmark AI Forum Series, emphasizing the importance of collaboration between government and developers in harnessing AI technologies. Match Group advocates for responsible AI use and internet safety, supporting acts li...
Garbo Founder Kathryn Kosmides Calls for Systemic Online Safety Reforms Amid Silicon Valley's Waning Interest
FORTUNE - Kathryn Kosmides, founder and CEO of Garbo, developed technology to reduce violence against women in online dating. Despite initial interest from Silicon Valley, companies quickly shifted focus once they received positive publicity and regulatory pressures eased. Kosmides observes a declin...
Swedish Dating App Relate Shifts to Exclusive Matchmaking
OPW - Relate, a Swedish dating app focused on long-term relationships, is undergoing a major transformation. Despite its unique approach and previous funding rounds totaling $2.3M from various investors, Relate struggled to attract a wide user base. Stepping in to steer the company in a new directio...
In the Age of Online Dating, Is Matchmaking Making a Comeback?
GLOBE AND MAIL - Matchmaking services range up to $9k and higher. Matchmakers have been playing cupid since ancient times. Online dating eclipsed them. Reality TV shows such as Netflix's Indian Matchmaking convinced viewers that matchmakers may be the way to find love today, even when dating apps of...
Whitney Wolfe Herd: Championing Female Empowerment in the Tech and Dating Industries
BBC - Whitney Wolfe Herd, who recently stepped down as CEO of Bumble, is recognized for her significant impact on the dating scene, particularly in empowering women. In an interview with the BBC before she made her announcement, Ms Wolfe Herd lamented that, as a group of young women who came up in t...
China Addresses Declining Marriage and Birth Rates With Government Measures
BBC - China is experiencing a significant decline in marriage and birth rates, with the lowest number of registered marriages since 1986. In response, the Chinese government is actively encouraging young people to marry and have children. Initiatives include financial incentives for marrying younger...
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