Friday, September 22, 2017

Some Remarks about Meet Group to acquire German Dating App LOVOO (via SA)

Lovoo's 2014 and 2015 financials from BundesAnzeiger
then search for Lovoo

The author of the article Henrik Alex, Contributor
Management concealed the most meaningful issues:

1) Fembot scandal
2) Subsequent severe revenue drop
3) Company stopped international expansion due to lack of success
4) Assumed debt

For me: Lovoo is now past its prime, and decadence will begin soon.

The Meet Group to Acquire LOVOO for (USD 65 + USD 5) Million via SA and GDI

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