MTCH Avoids USD844 Million in USA FTC Claims on Judge’s Ruling

 

Match must still defend against the FTC’s remaining claims, including that Match.com tricks users into subscribing by offering satisfaction guarantees with hidden strings, and that the app’s confusing and complicated online cancellation process continues billing customers who think they’ve canceled their accounts. The FTC also claims Match.com prematurely cuts off some subscribers’ access if they complain about the service.

Match said in court filings that it blocks 96% of bots and fake accounts from its site, and that it has alternative cancellation procedures that are less complex than its online version.

https://www.bloomberg.com/news/articles/2022-03-24/match-group-avoids-844-million-in-ftc-claims-on-judge-s-ruling



 *** Only way to sustain that huge revenue is creating fake profiles from inside to entice customers to subscribe. *** ???
https://onlinedatingsoundbarrier.blogspot.com/2016/05/only-way-to-sustain-that-huge-revenue.html


Match Gave Scammers, Predators Access to Dating Apps, Lawuit Says
https://onlinedatingsoundbarrier.blogspot.com/2021/03/match-gave-scammers-predators-access-to.html

 

MTCH Gets USA FTC's Misleading Dating Ad Suit Trimmed
https://onlinedatingsoundbarrier.blogspot.com/2022/03/mtch-gets-usa-ftcs-misleading-dating-ad.html

MTCH Gets USA FTC's Misleading Dating Ad Suit Trimmed

 

Law360 (March 24, 2022, 7:37 PM EDT) -- A Texas federal judge Thursday trimmed a Federal Trade Commission suit alleging Match Group Inc. employed a slew of unfair practices to ensnare customers, including message-generated advertisements, saying the online dating service company isn't liable for fraudulent messages written by third parties.
https://www.law360.com/telecom/articles/1477262/match-gets-ftc-s-misleading-dating-ad-suit-trimmed

https://techcrunch.com/2019/09/26/dating-app-maker-match-sued-by-ftc-for-fraud/
https://www.nytimes.com/2019/09/25/us/match-com-lawsuit-ftc.html
https://www.ftc.gov/news-events/news/press-releases/2019/09/ftc-sues-owner-online-dating-service-matchcom-using-fake-love-interest-ads-trick-consumers-paying

 
Match Group gets USA DOJ subpoena for documents relating to USA FTC complaint
http://onlinedatingsoundbarrier.blogspot.com/2019/09/match-group-gets-usa-doj-subpoena-for.html

 *** Only way to sustain that huge revenue is creating fake profiles from inside to entice customers to subscribe. *** ???
https://onlinedatingsoundbarrier.blogspot.com/2016/05/only-way-to-sustain-that-huge-revenue.html


Match Gave Scammers, Predators Access to Dating Apps, Lawuit Says
https://onlinedatingsoundbarrier.blogspot.com/2021/03/match-gave-scammers-predators-access-to.html

Spark Networks Reports Q4 and Full Year 2021 Financial Results

 

https://www.onlinepersonalswatch.com/news/2022/03/spark-networks-reports-q4-and-full-year-2021-financial-results.html
https://www.globaldatinginsights.com/news/spark-networks-announces-q421-and-full-year-2021-financial-results/

Q4 2021 Financial Results

    Revenue was USD 52M, compared to USD 58.1M in the 2020 Q4.
    Net Loss was USD 9.9M, compared to USD 45.1M in the 2020 Q4.

Full Year 2021 Financial Results

    Revenue was USD 216.9M, compared to USD 233M in 2020.
    Net Loss was USD 68.2M, compared to USD 46.6M in 2020.

 Spark Networks Announces Successful Completion of Debt Refinancing Transaction ???
https://onlinedatingsoundbarrier.blogspot.com/2022/03/spark-networks-announces-successful.html

Spark Networks Announces Successful Completion of Debt Refinancing Transaction ???

 

https://www.prnewswire.com/news-releases/spark-networks-announces-successful-completion-of-debt-refinancing-transaction-301502080.html


Spark Networks SE (LOV) Q3 2021 financials
https://onlinedatingsoundbarrier.blogspot.com/2021/11/spark-networks-se-lov-q3-2021-financials.html

Bumble Inc. Announces Q4 and Full Year 2021 Results

 

https://ir.bumble.com/news-releases/news-release-details/bumble-inc-announces-fourth-quarter-and-full-year-2021-results
https://seekingalpha.com/news/3810836-bumble-stock-jumps-16-as-it-trims-loss-on-26-higher-revenues
https://seekingalpha.com/article/4493888-bumble-inc-bmbl-ceo-whitney-wolfe-herd-on-q4-2021-results-earnings-call-transcript


Fourth Quarter 2021 Operational and Financial Highlights:
(All comparisons relative to the Fourth Quarter 2020)
Net loss was USD 14.7 million, or (7.0)% of revenue, compared to net loss of USD 26.1 million, or (15.8)% of revenue.




SA article: "Bumble drops 15% in worst day in months, ahead of earnings"
https://onlinedatingsoundbarrier.blogspot.com/2022/03/sa-article-bumble-drops-15-in-worst-day.html
 

SA article: "Bumble drops 15% in worst day in months, ahead of earnings"

 

https://seekingalpha.com/news/3809231-bumble-drops-15-in-worst-day-in-months-ahead-of-earnings

 Bumble Inc. Announces Second Quarter 2021 Results
https://onlinedatingsoundbarrier.blogspot.com/2021/08/bumble-inc-announces-second-quarter.html

 SA article: Bumble: Risks Have Emerged
https://onlinedatingsoundbarrier.blogspot.com/2021/11/sa-article-bumble-risks-have-emerged.html

article: Why the VC Missed Out on Gaming and Online Dating

 

https://dot.la/a16z-gaming-online-dating-2656820775.html

article: Should people trust algorithms with their love life?
https://onlinedatingsoundbarrier.blogspot.com/2021/12/article-should-people-trust-algorithms.html

The Online Dating Industry needs INNOVATIONS, not more bells and whistles.
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.
C-level 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.
 
The 3 milestone discoveries of the 2001 - 2010 decade for Theories of Romantic Relationships Development are:

I) Several studies showing contraceptive pills users make different mate choices, on average, compared to non-users.
"Only short-term but not long-term partner preferences tend to vary with the menstrual cycle"

II) People often report partner preferences that are not compatible with their choices in real life. (Behavioural recommender systems or other system that learns your preferences are useless)

III) What is important in attracting people to one another may not be important in making couples happy. The key to long-lasting romance: COMPATIBILITY is exactly STRICT PERSONALITY SIMILARITY and not "meet other people with similar interests or political views".  

Online Dating sites have very big databases, in the range of 20,000,000 (twenty million) profiles, so the Big Five model or the HEXACO model are not enough for predictive purposes. That is why I suggest the 16PF6 test instead and another method to calculate similarity.

High precision in matching algorithms is precisely the key to open the door and leave the infancy of compatibility testing.
Without offering the NORMATIVE 16PF6 (or similar test measuring exactly the 16 personality factors) for serious dating, it will be impossible to innovate and revolutionize the Online Dating Industry.