Grindr sold by Chinese owner after US raised national security concerns
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Grindr has been sold by its Chinese owner after the US expressed security concerns
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Coupled with data released by the dating app Tinder showing that only 26 million of the billion swipes that the app records per day actually result in matches.
Skip navigation. Match , the owner of Match. The agency also alleges that Match has unfairly exposed consumers to the risk of fraud and engaged in other allegedly deceptive and unfair practices. Match allows users to create Match. Specifically, when nonsubscribers with free accounts received likes, favorites, emails, and instant messages on Match. By contrast, Match prevented existing subscribers from receiving email communications from a suspected fraudulent account.
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The action, which is being driven by the Committee on Foreign Investment in the United States , is unusual given that the panel typically investigates mergers that could result in control of an American business by a foreign individual or company, judging whether deals could threaten national security. This appears to be the first case in which the United States has asserted that foreign control of a social media app could have national security implications.
The administration has not announced the move, which will require that Grindr be sold, or explained it. But officials familiar with the case, which was first reported by Reuters, say the concern focused on the potential for the blackmail of American officials or contractors, if China threatened to disclose their sexual orientation, or track their movements or dating habits. Three years ago, a Chinese firm that owns both gaming and credit services businesses, Beijing Kunlun Tech Co.
While there were news reports about both transactions, the United States did not take action to block the acquisitions.
With a $3 billion market size in the US, the online dating industry is dominated by such as marriage and home purchasing, as well as working longer hours. According to Nielsen data, one in 10 American adults spends more than an hour a.
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As the data breach of the adultery website, AshleyMadison. Hackers alleged late Tuesday that they had dumped account details and log-in information of around 32 million users of the website, revealing millions of street addresses, email addresses, phone numbers and credit-card details. Nobody said it was easy. And many of them pay a hefty sum for that chance to meet their perfect match.
At the two biggest subscription-based sites in the U. And some sites, like PlentyofFish. But most subscription sites automatically renew until the customer cancels, and those fees can add up. Indeed, for online purveyors of love, business is booming. While people used to meet mostly through friends, says Reuben J. So perhaps it should come as no surprise that as the popularity of online dating has risen, so have prices. Of course, there was a business reason for charging low rates in the early days, some experts say: Sites needed to stock the sea of love with fish.
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We respect your privacy. All email addresses you provide will be used just for sending this story. Facebook Dating made its official debut in the United States this month, marking the tech giant’s entry into yet another online business—and raising questions about how the company could eventually use the new data it collects. Online romantics may be skeptical about trusting Facebook with dating information, despite promises by the company to protect their data. The big, established dating apps collect plenty of intimate information about their users, and they know things that even Facebook doesn’t.
But these apps aren’t as dependent on advertising for their revenue, reducing one concern for people who care about their privacy. Instead, these companies make money primarily by selling subscriptions and upgrades to their services. You can start using most dating apps for free, but the experience is often better if you pay to upgrade. In the first half of , consumers spent more money on the Tinder app than any other non-gaming app in the world, according to Lexi Sydow, senior market insights manager for App Annie, an analytics company.
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It might be hard to imagine or remember, but there was once a time when going on a date with a stranger you met online was a strange concept—frowned upon, even. Today, however, millennials have led the charge on transforming the dating industry and making online dating universally accepted. If you continue to have doubts, consider that there are now over 1, dating apps or websites looking to draw single men and women to their product, and to match them with one another. Though matchmaking is one of the oldest industries in existence, online matchmaking is now having a moment of its own.
This article explores the business of dating: the market size of dating apps in the U. According to the Pew Research Center , between and , online dating usage has tripled among those between the ages of 18 and Beyond its existing users, dating services benefit from tailwinds such as an untapped market, increasing millennial spending power, young people delaying life milestones such as marriage and home purchasing, as well as working longer hours.
This is all on top of the growing ubiquitousness of broadband internet and growing acceptance and legitimacy around online dating. While few would be surprised to hear that young adults are active with online dating, they might be when they realize that those in their late 50s and 60s are also quite active. According to Nielsen data, one in 10 American adults spends more than an hour a day on a dating app.
What do the numbers tell us? According to MarketWatch , online dating has become the most popular form of dating for homosexuals, and the second most popular way to meet partners for heterosexuals after meeting through friends. At its simplest, dating apps generally fall into two categories.