MatchNet finances, staff reduction
Details about MatchNet from Alyce Lomax at the Motley Fool: Since 1999, MatchNet’s sales have grown 460% to $36.9 million, mirroring the upward trajectory of online dating. Last year, its net revenues increased 125%, with a 61% increase in “active...More on Spring Street
Gawker has more insider info on the cuts at SpringStreet. Insiders (probably management) are arguing over the validity of these statements: SpringStreet is operating with just 8 people. Most of the technology and customer service team has been let go. Only 2 people...Matchmaker up for sale
Just a month after Daum Communications bought Lycos, Matchmaker is on the block. No details about the asking price yet. I posted a timeline of events leading up to the Daum acquisition here. Daum plans to introduce blog-based social software service with more bells...Entrepreneur trend watch list
Number two on the Entrepreneur list of hot trends is Feeder Businesses: “Eat off the big guys’ plate. Trend agency Trendwatching.com coined the term “feeder business” for companies that feed off giants like Amazon or eBay. Instead of trying to...
From 2002-2019, David Evans helped entrepreneurs, investors, and the media, make sense of the online dating industry.
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