For two years, Tinder has been able to stay afloat without relying on any kind of revenue stream. What moves will Tinder make to enter this growing market, and can the app make money as fast as it makes matches? This user-friendly approach produces 1. Passport will appeal to the Tinder traveler, allowing users to peruse profiles across the country and across the globe. Tinder co-founder Sean Rad is confident the new services will begin bringing in cash as he insists users are both asking and willing to pay for the added features.
The Dating Business Is IAC’s Best Asset — and Its Greatest Challenge
mpbd.info and Tinder Are IAC’s Best Assets — and Its Greatest Challenge | Barron's
This copy is for your personal, non-commercial use only. The company was founded in as Silver King Broadcasting. It then became an owner of cable networks and later renamed itself USA Networks. Today it goes by just IAC. The stock has nearly doubled this year alone, thanks largely to soaring Tinder membership.
How Tinder Makes Money
The company, which pulled its full-year forecast in late April, expects second quarter to be tougher, Chief Executive Officer Joey Levin said in a letter to shareholders. However, it had also signaled a spike in demand for Vimeo's video tools in the quarter as more people shift to working and learning remotely. IAC is in the process of spinning off its ownership stake in Match Group resulting in the full separation of the two companies. Depending on where you bank, your stimulus check may not land until at least Wednesday.
But now things are getting really serious. The media conglomerate, whose chairman is Barry Diller, has been snatching up dating sites for the last several years, increasing its bet on the fertile terrain combining technology and romance, where many couples are meeting these days. Through its two giant dating sites, Match. Then in March, IAC increased its majority stake in Tinder , a mobile app that is ground zero for the hookup culture, paying an undisclosed amount that is believed to have valued Tinder in the billions.