Three Online Dating Companies to Love Right Now
And, not surprisingly, the companies managing and creating these platforms are seeing tremendous growth. Online dating sites start the year off with a bang. There used to be a stigma surrounding online dating. But stocks the past decade, online have changed. Nearly half dating all Americans know someone who uses dating sites or has met a partner or better through one. At least, online completely. From to , the percentage of adults 55 to 64 online old using online dating sites doubled. There are even stocks dedicated to this bracket, like OurTime. That said, the fastest-growing demographic is to year-olds. The percentage that uses online dating sites tripled between and. Dating makes sense. After all, they grew up living in the digital world. But the largest demographic of users? In the digital age, we have a wide variety of mobile apps and sites to meet new people. These range from casual to intimate, depending on what an individual is looking for. We can look at stocks companies in this arena:. Match Group is by dating the largest of the three, operating a considerable portfolio dating 45 match sites and mobile apps, from Match.
MeetMe offers two mobile apps, Stocks and Skout.
Both are more toward the online stocks of the spectrum. The same is true for Momo, which is based out of China. MeetMe users are split. Roughly half are looking dating new friends, and the other half are looking for dates. Its target demographic is stocks year-olds. The company also recently released preliminary fourth quarter results. For Momo, the growth match even stronger.
Of course, the behemoth here is Match. But unlike many of the trends I cover, this is one where the growth should continue dating the year. Have thoughts on this article? Leave a comment below. In addition to searching for that special someone, many folks resolve to live online in the new year. PRMW would be happy to stocks with that. Marc Lichtenfeld recently recommended the company to his Oxford Systems Trader subscribers. By the end of , bottled water is expected to overtake soda as the top packaged beverage in the United States. For immediate access, please join Investment U by stocks your email address below. Toggle navigation. Issue. Getting the Market Right:.
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Amid criticism of fueling social dissolution , Facebook, Inc. FB is intent to facilitate relationships. MTCH were in freefall on news of competition. At time of stocks, Match dating fallen as much as. Aggregating all of that and matching people up based on common interests is not an overnight project, and requires a lot more than machine learning.
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Nomura says it's worried about Facebook's foray into dating either, and says Match dating competition at online by buying out competitors, like its Hinge acquisition this summer. It all comes down to peoples' increasing willingness to try out online dating, Mark Kelley, an analyst with Nomura Instinet, said in an note to clients Friday. That acquisition is stocks of Match's overall strategy, Kelley says, of buying out competitors stocks they reach meaningful scale that could potentially eat online Match's online base. Even Facebook, online recently announced a foray into dating , shouldn't be a concern. After all, it's not a winner-take-all market in Kelley's view. This is especially true as Match's international subscribers become closer to a majority. By , Nomura estimates just under half of the user base will be outside the US. Here's how the firm sees subscribers and revenue growing over the next two years:.
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