Tuesday, January 12, 2016
LONG and fresh interview Barry Diller & Sean Rad (MTCH)
"Tinder claims to make 26 million matches a day among its more than 50 million active monthly users and to have been downloaded 100 million times."
"Payne wanted to focus on data analytics and monetization. But Rad galvanized employees, pushed against Payne’s efforts, and eventually won"
"Next year, Tinder’s growing, doubling in size to about 150 employees and adding new features."
next year should mean this year, 2016.
Match, Meetic, OkCupid reached operating ceiling and they are in decadence.
Moreover, Tinder will not monetize as expected and it is cannibalizing Match.
Dating Apps Linked To Rise In Crimes (mostly Tinder)
Reuters article: Match Group short sellers not looking for long-term commitment