Wednesday, December 18, 2013
I hope Zoosk IPO will fail because .....
IPO Of The Dating App Everyone IS NOT Talking About
Tinder is demolishing Zoosk.
Zoosk is NOT profitable and will never be profitable, it is only a bubble sustained by a big marketing budget. Investors had put over USD 61 Million and now want to recover that money and after that, they will put Zoosk to sleep.
Zoosk: 6 (six) long years operating at a loss: As of December 31, 2013, we had an accumulated deficit of USD 95.6 million.
Zoosk S-1/A 1 AMENDMENT NO.1 TO FORM S-1
More juicy info about Zoosk IPO.
Dave Evans had posted "Zoosk Cleaning Up for IPO" but the truth is "It is not cleaning up, it is bridal makeup. Several investors plan to recover their money and then put Zoosk to sleep."
I hope Zoosk IPO will fail because ..... its Management Team can not innovate in the Online Dating Industry.
They can cook a barbecue under the water, they are smoke sellers, but they are not going to innovate in nothing.
Zoosk's Scientific Matchmaking Service (ZSMS) is a HOAX.
Tinder and Twoo, are marketing tools to migrate free users to Match/ Meetic and make them pay there. Other social dating applications are decaying just now, like Badoo, Zoosk, Skout, Twine, AreYouInterested; even Hinge?
Remember failed ones? like: LikeIt / TheCompleteMe, Comiingle, LikeBright, Perceptual Networks, Zingl, Engage (then rebranded to Ignighter group dating, then rebranded again to StepOut), Thread, Triangulate, Gelato (then rebranded to Twnty), WooMe, 12Like, LittleHint, SmartDate and others.
Social dating is vaporware. Online Dating for serious daters does not need to be more social, it needs to be more effective/efficient. It needs to reduce the false positives problem.
Do you want to innovate in the Online Dating Industry?
Read: The 8 tips to innovate in the Online Dating Industry 2014!