Match Group, parent company of Tinder, has a big debt of USD 1.2 Billion!!!
Match Group is only a collection of old and obsolete online dating
sites: Match, Meetic, Chemistry, OkCupid, LoveScout24 (FriendScout24),
OurTime, HowAboutWe and many more!
Match Group had been doing all wrong, acquiring rotten companies to show illusory success to its investors.
For me it is clear they do not want to innovate.
They want to squeeze their big databases to get all the juice (money) from the wallets of the daters.
Mobile payments not taking off!!!
article: Online dating drives singles into burn-out
SA article Match Group's (MTCH) CEO on Q3 2016 Results - Earnings Call Transcript
Lack Of Innovation & Decadence can summarize the Online Dating Industry.
C-Level executives are more worried about their golf scores than their company’s long term strategy and innovations.
executives are cooking barbecues under the water (selling smoke) and
not paying attention to latest research from Academics which could be
beneficial for the Online Dating Industry.
Very easy to copycat eHarmony, but very difficult to innovate: a 100 times better algorithm than eHarmony.