Dating Pro digest: Native language apps are preferred; How much do the dating companies cost; Censorship blocks LGBT resources; Tinder founders fund startups.
Good morning, friends!
Dating industry news digest:
- Native language apps are preferred;
- How much do the dating companies cost;
- Censorship blocks LGBT resources;
- Tinder founders fund startups.
Native language apps are preferred
When the number of users of the Indian dating app Aisle reached six and a half million, projects were developed in Malayalam and Tamil.
After the launch of regional sites, the company’s profit increased by 30%, it is much more comfortable for young people to communicate in their native language and be in their familiar surroundings.
Both projects attract an average of 1,000 subscribers per day. An application portfolio focused on building long-term relationships includes additional prioritization and matching functions.
How much do the dating companies cost
According to German media company ProSiebenSat.1, ParshipMeet‘s dating brands have a combined stock value of 3.5-3.8 billion. Their income has increased by 19% and is now 61 million euros.
Bumble and the owner of the Tinder Match Group are valued at 50 times the expected profit, despite the fact that Bumble shares fell 22% in value.
The Meet Group’s profits increased 14.8x.
Censorship blocks LGBT resources
Owners of dating sites containing profiles of LGBT users periodically encounter cases of blocking their resources in the territories of Russia, Malaysia, Indonesia, and Arab countries. The actions of the censorship violate the current international treaty on the human right to expression.
The representative of Grindr said that he is not going to challenge the actions of the authorities of the countries where the company’s activities were banned, at the same time he considers what is happening as a gross violation of rights and freedoms.
Tinder founders fund startups
Sean Rad and Justin Mateen left the project to invest in technology development.
They are currently participating in the funding of BreachQuest, whose main product is a platform for responding to potential technical problems.
The development of PRIORI will minimize downtime associated with malfunctions and other disruptions.
The funds will be used to complete the work and promote the product on the market.
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Photo by Kiet Trinh on Unsplash