Investing is a risky game by nature. Investors comb through data and information in order to determine the future success of companies. To make this process more transparent and help somewhat mitigate risks, companies face various requirements in terms of the information they must disclose. A current class action Bumble lawsuit from the firm Kessler …
Bumble has long established itself as one of the more popular dating apps, branding itself as one that caters to women by giving them the opportunity to have greater control of who they have contact with. While it has amassed a large user base, its parent company by the same name has now made its …
The dating website Seeking.com recently announced that it will invest $30 million to collaborate with the safety app UrSafe in order to introduce a range of safety features for its users. This move comes in the face of increasing concerns about safety in the world of online dating, particularly from women. While many apps have …
In the world of dating apps, there is a substantial market; however, this does not mean there is not prime competition for the available dollars. Tinder has maintained incredible popularity over the years but finds itself in hot water after an investigation claimed that users are charged differently based upon their age, with older users …
Criminals have always looked for novel ways to earn money while law enforcement works to pivot their investigations in order to catch up with new tactics. An excellent example of this recently occurred in Polk County Florida where Sheriff Grady Judd disclosed that his department had utilized LGBTQ dating apps such as Taimi, Grindr, and …
Lawsuits within the online dating industry seem to be fairly commonplace in recent years with a wide number of high-profile cases. One that is starting to gain more traction in terms of the press lies in a brand dispute between Muzmatch and Match Group. Set to go to trial in London later this month, this …
Match Group, the company that owns dating sites including Tinder, Match’s dating app, OKCupid, Hinge, PlentyOfFish, and others, has reached a settlement agreement in which it will pay Tinder founders a total of $441 million. This settlement is in response to a lawsuit against the company that it intentionally undervalued Tinder’s worth, leading to significantly …
We’ve all experienced the sensation. We match with a dating profile that is a bit too good to be true. Soon thereafter, the telltale signs appear of a fraudulent account. Unfortunately, many users don’t recognize these signs and end up being defrauded out of hard-earned money. With online dating scams increasing in occurrence and milking …
A recent lawsuit filed by Corwin Law, a Florida-based consumer advocacy group accuses Match Group, owners of Match.com and a variety of other online dating sites, of using deceptive business practices in order to promote known scams and convince customers to sign up for paid versions of accounts. This allegation brings up disturbing concerns about …
The popular LGBTQ dating app Grindr has recently ran into trouble with the European Union’s General Data Protection Regulation (GDPR) law in two different cases. These incidences illustrate that the EU is dedicated to enforcing the GDPR for the protection of individual users. It also illustrates how organizations who run dating apps need to be …