The Problem With Plentyoffish S Acquisition And What That Means For Dating Startups
In Business Insider’s initial reporting of the story, BI’s Nathan McAlone writes that dating services are expected to see $1.17 billion in revenue this year, taking special note of Match Group’s 22 percent ownership in that market and calling its overall portfolio “impressive”. Sure, while it’s certainly impressive that Match has managed to take over a significant portion of that pie, the amount of money it just forked over to acquire PlentyOfFish compared to its expected portion of dating services revenues in 2015 should hint at how very little money dating companies are actually making these days; Tinder, which has been valued anywhere between $1....