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both let you use their platform to find friendship as well as relationships.Whitney Wolfe of Bumble said that the feature has led to tremendous engagement, and is even showing signs of becoming bigger than the actual dating portion of Bumble.She also said that the company is about to unveil a group-based match feature to bring together friend groups.When asked about generating revenue, Dawoon Kang of Coffee Meets Bagel Coffee Meets Bagel is the only one of the three apps that currently has a monetization aspect.
Moderator and Tech Crunch writer Sarah Buhr then asked the three how they deal with the churn aspect of dating apps.
Dang from Coffee Meets Bagel said that churn (especially positive churn that results from a successful match) isn’t an issue, since most will spread the word of the app’s success in helping them find a match.
I need a financial analytic report on the landscape of the mobile online dating space.
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