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Cupid dives after deal for online dating business
After a high-profile AIM listing in , the online dating specialist Cupid has become a shell of its former self. Simon Neville reports on what went wrong. But rather than attempt to rebuild and recover from the decline in its fortunes, the bosses at Cupid have decided to call it a day and have sold the last of its dating businesses, including cupid. Now, with no dating businesses left, Cupid plc becomes another shell investment company, plotting its next move.
Originally starting with one dating site, , now the company has now grown to 35 dating.
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Filled with a host of colourful, comic characters and amusing events, and with its popular themes of love, dating and career, The Cupid Business will appeal to.
Polyakov, a co-founder of Cupid, continues to hold a 15 percent stake in the online dating company. Cupid shares were up 14 percent at The company also signed a software licensing agreement with Grendall that it said would generate 2 million pounds of revenue over four years. The casual assets generated total sales of about Cupid posted revenue of Patrick Yau, an analyst with Peel Hunt, said the company would now be able to focus more customer experience on its mainstream dating sites and make acquisitions.
Cupid, which faced media allegations earlier this year about the methods it used to encourage people to buy subscriptions, said earlier this month that an independent review of its operations did not find any evidence of the company using fake profiles to boost its membership. Last month, Cupid said a number of potential suitors have expressed interest in its casual dating sites and a media report said Max Polyako was on the verge of bidding 40 million pounds for them.
Cupid Media is a leading online technology company that operates 32 specialized niche dating sites.
Cupid plc was the owner and operator of multiple high-volume online dating websites, covering the range from mainstream to niche audiences. The full network of websites is available worldwide in a variety of languages, and by the end of the first half of more than 54 million users had created profiles in the company’s websites. Founded in by Bill Dobbie and Max Polyakov, the company was originally made up of a range of dating websites operated from and off-shore base.
In , Polyakov and Dobbie acquired the EasyDate business and brand to complement and serve as an umbrella for their network of sites, which had been experiencing a steady growth in user base. The company quickly grew its user base — by they had their first million paying users, and a few years after that they hit an impressive 13 million paying users across all networks.
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ChristianCupid is a Christian dating site helping Christian men and women find friends, love and long-term relationships. Browse our personals to meet new and interesting people devoted to being Christian. Whether you’re interested in matchmaking, chat or penpals, join now for free and start meeting Christian singles! ChristianCupid is part of the well-established Cupid Media network that operates over 30 reputable niche dating sites. With a commitment to connecting Christian singles worldwide, we bring to you a safe and easy environment designed to help you meet your Christian love match.
Cupid Media is a digital media and internet information services company that operates innovative, database driven interactive dating sites focused on niche.
Enter your mobile number or email address below and we’ll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer – no Kindle device required. To get the free app, enter your mobile phone number. Whichever way you look at it, Kate Parkinson is stuck. Trapped by her demanding, live-in partner, Paul Edmonds on the one hand, and a difficult job as a PA in an insurance company on the other, she has, seemingly, no way to turn.
Until the day when Cupid takes a hand, tantalising her with a chance meeting with handsome, thoracic surgeon, Mark Greenwood. But is he all he seems and could he really be just what the doctor ordered? Faced with sudden, dramatic changes on the work front, Kate decides to help other people find the love she is missing in her own life by setting up her own dating company: The Cupid Business. Can Kate finally turn her life around, start a new career and find the love she has been seeking?
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Australian online dating company Cupid Media breached the Privacy Act by failing to take reasonable steps to secure the personal information of , Australians held on its dating websites, the privacy commissioner has found. Cupid, run out of Southport on the Gold Coast, operates more than 35 niche dating websites based on users’ personal profile including ethnicity, religion and location. In January last year, hackers gained unauthorised access to Cupid web servers and stole the personal information of what was reported to be 42 million users across the globe.
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The Edinburgh-based owner of the Uniform Dating website said it would become a cash shell following the deal, with a view to investing in other firms or returning capital to investors. However, shares in the Aim-quoted firm fell heavily after the announcement, ending down 6. This will be paid by the middle of December next year, rather than November as originally planned.
Elliott is set to remain as chairman, while Dobbie — who was succeeded as chief executive by Phil Gripton a year ago — will retain his non-executive position on the board. Shareholders are due to meet on 23 December to vote on the deal. If approved, Cupid plans to change its name to Castle Street Investments and will be left with about seven UK-based staff following its switch to a cash shell.
Dobbie last month officially launched his latest venture, a crowdfunding platform called LendingCrowd, that he has set up with Stuart Lunn, a former equities analyst at Cenkos and Collins Stewart. News you can trust since Sign in Edit Account Sign Out. Cupid has plans to sell its online dating business and become a cash shell. Picture: Contributed. Sign up.
Cupid is looking to focus on mainstream sites Cupid. It also said it would develop new social media-driven sites Canoodle. The stock lost more ground on Friday, down 2.
Cupid Media is a leading online technology company that owns and operates 35 specialized niche dating sites, with over 35 million members internationally.
Cupid Media is an online dating company that operates 35 niche dating websites based on religion, ethnicity, lifestyle and special interests. The network of sites are available in multiple languages and since its founding in , over 35 million singles have registered across the company’s sites. It was renamed Cupid Media in August Originally starting with one dating site, AsianEuro. Popular Cupid Media brands include Muslima.
On January 13, , Cupid Media confirmed that its password database had been breached and a section of its user base had been affected. Affected members were contacted by the company requesting them to change their password as well as additional security measures being put in place. Cupid Media operates a network of 35 dating sites that target lifestyles, ethnicities, countries and special interests. From Wikipedia, the free encyclopedia.
Retrieved Stay Smart Online. Archived from the original on Categories : Online dating services of Australia.
Shares in dating website operator Cupid dropped 24 per cent on Monday on the announcement it plans to sell off its remaining dating sites as it looks to reclassify as an investment company. It also proposes to rename itself Castle Street Investments plc if plans to reclassify as an investment company are approved. The Edinburgh-based company will seek shareholder approval for the sale at a general meeting on December
Cupid Media is a rapidly growing online dating network that sees 20, new customers each day. The company has helped over 30 million people worldwide look for love across its 36 different dating sites in countries worldwide. With a need to address its growing demand for additional languages, the company turned to SDL to implement its Machine Translation technology. To enable this, the company translates vast amounts of user-generated content, which tends to be prone to spelling and grammatical errors.
By producing higher-quality results and intercepting any cultural linguistic nuances that could cause misunderstanding or offense, SDL enables Cupid Media to offer a better, more authentic user experience. Since implementing SDL technology, Cupid Media has seen a number of positive results, enabling it to increase the volume of accurate translations, particularly for unstructured user-generated content.
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