The 2016 u s dating services industry
podcast, Motley Fool analysts Dylan Lewis and Sarah Priestley give listeners a broad-stroke picture of just how huge the online dating market is, who the average user is, and how much the industry is expected to grow in the coming years. Dylan Lewis: So we're talking about the online dating market today. Some interesting stats, just to set us off, set some background here: Use of online dating sites or apps by 18- to 24-year-olds has tripled since 2013.
This is on top of the already fraught history between the two companies: Bumble’s founder, Whitney Wolfe Herd, was a Tinder cofounder who sued for sexual harassment after being forced out, won a settlement, and a few months later started the competitor.This industry can be broken down into several different segments: Online dating websites.Match.com, e Harmony and Plenty of Fish are just a few of the hundreds of sites that offer affordable and convenient matchmaking services. Smartphones and dating apps have placed online dating into the hands of Millennials, the group currently leading the dating industry.Sarah Priestley has no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days.We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
A Facebook spokeswoman told Market Watch the new feature will allow users to set up a dating profile separate from their normal Facebook account, and activity on dating profiles won’t be shared on the News Feed.