In 2013, the figures were at a depressingly low .2 million – that’s .2 million for an entire subsection of the startup economy.
Tinder’s success as a dating app is definitely an exception within its industry.
As a result, while women on these apps have plenty of “likes” from men who swipe right to see if women like them back, men primarily do it for an ego boost, leaving 93% of women they match with getting no messages & feeling like: “One of the most incredible things that a VC told me as “advice”— was to downplay or completely remove from my deck any mention of the rampant harassment that women get from many swipe dating apps, i.e., one of the biggest pain points for women users.
But I digress again…This swipe issue dubbed a “cycle of loneliness” inspired the Founder of Hinge to remove swipes as damage control to what swipes largely do: make it useless for getting real dates.
We will continue to invest and incubate more sub-brands to serve the social and entertainment needs of different demographics," said Yan Tang, Chairman and CEO of Momo.
Momo Inc., a NASDAQ-listed Chinese mobile social networking platform, today announced that it has agreed to acquire Chinese dating app Tantan Ltd.
for US0.9 million in cash and around 5.3 million newly issued class A ordinary shares.
Momo had 94.4 million active users as of last September.
Tantan had total registered users of 90 million and daily active users of six million last June.