Online dating industry growth 2016
RADII - Aug 30 - Momo's new face swap app Zao is the hottest thing on the Chinese internet right now.But the app is also raising a host of privacy concerns on Chinese social media."I think the market is more difficult now for small apps, because you need liquidity," she tells Yahoo Finance.
According to a new report from the Pew Research Center this month, usage of online-dating sites or apps by 18- to 24-year-olds has tripled since 2013.
And it isn't just the young: Usage has doubled among those between ages 55 and 64.
Users take a selfie and put themselves into their favorite movie or soap opera.
Zao user agreement states that the app gives Momo global rights to use any imagery created on the app for free.
In fact, from the day after Christmas to the day after Valentine's Day, Match sees a 60% increase in new member registrations.
Mobile app Hinge also has its "high season" from Christmas to Valentine's Day, and then, CEO Justin Mc Leod says, "it falls off right after Valentine's Day."" data-reactid="16"Online-dating sites and apps will get a post-Valentine's Day bump this week—and then a drop.The industry has grown at more than 3% each year since 2008." data-reactid="22"With the mega success of Tinder, and the Match IPO, the landscape has shifted.Two of the industry's three biggest players are now public: Match Group and Spark Networks (LOV), which owns JDate, Christian Mingle, and others.Overall, 15% of Americans have used an online dating site or app, up from 11% in 2013.At that time, the bubbly market was just beginning to explode, and it was friendlier to small new entrants.On the Monday after Valentine's Day, sees a 15% increase in communication activity on its site.Tags: Adult Dating, affair dating, sex dating