PR NEWSWIRE - MeWe, a 20M-member global social network, announced plans to integrate Decentralized Social Networking Protocol (DSNP), a groundbreaking, open-source internet protocol released by Project Liberty last year, into its tech architecture. By utilizing DSNP technology, MeWe is doubling down on its core values of privacy and user control and strengthening its commitment to providing an authentic social media experience that's free from algorithms, amplification, and manipulation. This integration sets MeWe on course to become the world's largest decentralized social media platform.
38 posts categorized "MeetMe"
Project Liberty Welcomes MeWe to Decentralized Social Networking Protocol
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TikTok's New Developer Tools Allow Apps Logins With TikTok, Sound Sharing, and More
TECH CRUNCH - May 8 - TikTok is expanding its integrations with third-party apps. The company introduced TikTok Login Kit and Sound Kit, that will allow apps on mobile, web and consoles to authenticate users via their TikTok credentials, build experiences that leverage users' TikTok videos and share music and sounds back to TikTok from their own apps. Once signed in, users can access their TikTok videos in the third-party app, potentially fueling entire new app ecosystems with TikTok content. Early adopters of the Login Kit include gaming clips app Allstar, anti-anxiety app Breathwrk, social app IRL, as well as dating and friend-making apps Snack, Lolly, MeetMe, Monet, Swipehouse and EME Hive.
by Sarah Perez
See full article at Tech Crunch
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ParshipMeet Group Partners With TikTok
BUSINESSWIRE - May 6 - ParshipMeet Group, a leading provider of interactive dating solutions, has partnered with TikTok. Using TikTok's new Login Kit, members of ParshipMeet Group's MeetMe app will be able to add their most recent TikTok videos to their profiles in a new TikTok Carousel, showcasing their personalities in a richer way than a profile picture. ParshipMeet Group expects to add additional integrations with TikTok in the future.
See full article at Businesswire
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The Meet Group Launches Face Verification
BUSINESSWIRE - Sep 21 - The Meet Group rolls out AI-powered face verification using FaceTec's 3D selfie technology, a human liveness check. Verification badges roll out to MeetMe member profiles this week, then Skout and Tagged within months. FaceTec's AI software confirms the user is physically present in front of the camera. As badge adoption increases, it will become a prerequisite for certain activities like sending photos in chat. Additionally, FaceTec's AI provides a 3D age estimation.
"At the beginning of this year, I set forth our commitment to safer dating in 2020, addressing key issues affecting dating apps everywhere: Authenticity, Age Estimation, Device Blocking, and Textual Screening," said Geoff Cook, CEO of The Meet Group. "With the launch of the Profile Verification Badge on MeetMe, we are...helping to ensure authenticity and end catfishing."
Other initiatives include using URSafe so members can stay connected in an emergency, collaborating with Microsoft on Project Artemis which uses common textual patterns and an age detection engine to prevent child exploitation, the introduction of a Safer Dating Advisory Board of epidemiologists and infectious disease experts to provide advice aimed at reducing the risk of contagion while dating, and implementing DeviceCheck to block bad actors' devices. See TMG's safety overview.
See full article at Businesswire
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Meetme Launches Virtual Currency Product "Stickers"
PRESS RELEASE - Dec 10 - MeetMe, the social discovery service, has launched a new “Stickers” feature that lets users send emoticons, expressions and virtual gifts like “flowers” and “stuffed animals” inside the chat. MeetMe users can download their first two Sticker packs for free and buy additional packs for 150 Credits (~$3).
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MeetMe Q3 2014 Financial Results
PRESS RELEASE - Nov 6 - Total revenue was $11.6M, up 15% YOY. Mobile revenue represented 58% of total revenue which was $6.7M, up 128% YOY. Net income was $52K compared to a net loss of $1.5M in Q3 of 2013. Average mobile daily active users increased 6% versus Q2 and 15% versus Q1 to an all-time record of 888K in Q3.
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Geoff Cook, Co-founder And CEO Of MeetMe
SNW INTERVIEW - Nov 7 - Geoff and his team have morphed MeetMe. I interviewed him to find out how things have changed. - Mark Brooks
How has MeetMe changed since we last caught up in 2013?
In 2013 we were focused on building out the mobile monetization engine, which we did quite successfully. When we last spoke, mobile was 25% of our revenue, now it's 58%, thanks to the success of our mobile banner and native advertising products. MeetMe continues to focus on meeting new people; we still see ourselves as the mobile equivalent of the bar or coffeehouse. What's different, is our focus on driving new chat partners as a way to connect people to each other. MeetMe today is a mobile chat app for connecting with new people.
I understand you reported your Q3 earnings today. How did it go?
Q3 was a strong quarter all around. We saw 128% growth in mobile revenue YOY to $6.7M in the quarter. Our adjusted Q3 EBITDA grew 213% YOY to $2.18M, and we were net income positive in the quarter too. Our average mobile daily active users were at 888K in Q3, up 15% versus the start of the year. We rank in the Top 15 social Android apps in the US – ahead of Skout, Badoo, Zoosk, OkCupid, and Match.com.
What has spurred the growth?
Chat is the main action in our app. Before we started, we never crossed 10M chats a day. Now we routinely break 15M chats a day, and we had our first 20-million-chat day recently. Within the last few weeks we released a major redesign of our MeetMe apps on both iPhone and Android to make it easier to find new chat partners.
How are you helping users discover compatible people to talk to? How are you defining compatibility?
We want to drive good conversations. A good conversation is a lengthy conversation. Users presently discover people in different ways on MeetMe – in the Meet tab and in Feed. The Meet tab shows the people near you who are available to chat. The Feed displays new photos and status updates of the people near you. We've found people prefer to chat with people local to them of a given age range and gender. Now that our app is optimized visually around the Meet tab since the redesign, we are working on further optimizing that tab by showing only the users most likely to result in lengthy conversation. To do that we leverage our data beyond age, gender, location. Our product pipeline is oriented around interests and leveraging data that affects likely conversation length, which we determine through a series of data experiments, which influence our algorithms. We slice and dice data in many different ways to predict conversation length.
What's the demographics of MeetMe now, and how have they changed?
Our users are young, mobile, and engaged. Our core demo is 18-30 years old. They login 122 times per month on mobile. The US is our biggest market (80% of our traffic) followed by UK, Canada, Turkey, and Brazil. Android is our biggest platform by far, followed by iPhone, and then the web. In terms of how they’ve changed, we’ve become a bit more international and our average users have skewed a year or two older over the last few years.
Why should users use MeetMe instead of Facebook or dating apps like OkCupid, Tinder and Zoosk?
People join MeetMe to make new friends and to find new people to chat with. Facebook is a network for communicating with existing friends. Dating apps like OkCupid, Tinder and Zoosk are for dating and romance. We believe a focus on chatting and friendship reduces churn once connections are made. Also most people prefer to start off as friends before dating. In addition, our business model differs markedly from dating apps. In Q3 we drove 84% of our mobile revenue from ads. Many dating apps tend to become increasingly paid services. We like to build our business and design our products with every user in mind, and not for the one or two percent who might buy a premium service someday.
Are you seeing chat volume helping to drive revenues?
We believe our mobile ARPU is higher than Facebook’s mobile ARPU. We earned $2.29 per mobile user in Q3, which has grown 100% in the last year. We have advertising in Chat so we monetize every user in that way. We've recently announced the launch of a new virtual currency product in Chat called Boost, and we are likely to experiment with others in the future as well.
What can we expect to see from MeetMe in the Future?
We expect to continue to innovate our technology to improve the relevance of chat partners and the quantity of chats. We’ll likely continue to experiment with standalone apps, which we view as inexpensive product research and a quick way to gather user feedback. We've recently launched a new standalone app called Advice Chat for iPhone.
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MeetMe: Innovative Social Discovery Company Worth Investing In
SEEKING ALPHA - Aug 18 - MeetMe has gone from 800K users to 1M in just three months. Mobile revenue is up 114% YOY and mobile average revenue per user is up 123% YOY, outpacing Facebook by 41%. The company is improving in all metrics while the stock is down 37%. Social media is a fast growing sector, led by Facebook. There are smaller companies such as MeetMe that may be worth investing in. The keys to look for are: user growth, revenues, and the innovation.
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San Francisco Sues MeetMe Over Teens Stalking
MERCURY NEWS - Feb 5 - San Francisco sues MeetMe app, saying it illegally gives underage teenagers' personal information and geographic locations to strangers without obtaining valid consent. Children under 13 are not allowed on MeetMe.com and adults 18+ are not permitted to view profiles of children in the 13- to 17-year-old age group. But the lawsuit alleges the website does not verify the birthdates of users.
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MeetMe Q3 Financial Results
MEETME CORP - Nov 7 - Q3 revenue was $10.1M. Mobile revenue reached another quarterly record of $2.9M, up 65% YOY and 12% sequentially from the Q2 of 2013. Net loss improved to $1.5M, compared with a net loss of $2.6M in Q3 2012. Monthly active users (MAUs) increased ~37%, averaging 5.34M. Mobile MAUs increased 36% to 2.66M.
See full article at MeetMe Corp
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MeetMe Teams With Sprint’s Pinsight Media+
MEETME CORP - Nov 7 - MeetMe partners with Pinsight Media+, a mobile media company powered by Sprint. Under the agreement, Pinsight Media+ will manage the mobile advertising inventory for MeetMe on iOS and Android through the end of 2014.
See full article at MeetMe Corp
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MeetMe Q1 Financial Results
MEETME CORP - May 9 - Revenue was $7.8M, compared to $10.4M in the Q1 of 2012. Mobile revenue on the MeetMe Platform grew 150% to $1.9M in Q1 2013, up from $0.8M in the first quarter of 2012. Total Registered Users surpassed 100M during the quarter, including 8M mobile registered users. Adjusted EBITDA was a loss of $1.7M, or $0.04 per share, compared to $1M in Q1 2012.
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MeetMe Secures $8m
MEETME - May 1 – MeetMe closed an $8m line of credit arranged by Westech Investment Advisors, a manager of tech venture debt funds based in Silicon Valley which has arranged loans to Facebook and Google. MeetMe is available in a dozen languages and just launched its mobile premium subscription product MeetMe+.
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MeetMe Introduces In-Feed Advertising With Flurry Partnership
TECH CRUNCH - Mar 29 - MeetMe new ads, which are being introduced through a partnership with Flurry, will appear in the Live Stream, offering a more “native” approach, said CEO Geoff Cook. “This is the first time we are placing ads within the context of the application itself, where the user encounters advertising while scrolling. The ads look and feel more like content with social cues like ratings and comments surfaced.”
by Anthony Ha
See full article at Tech Crunch
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MeetMe Reports Full Year 2012 Financial Results
PRESS RELEASE - Mar 8 - MeetMe reported $46.7M in revenue in 2012, which represents a 31% increase over the $35.6M of Combined Revenue of Quepasa and myYearbook during the same period of 2011. Q4 Revenue totaled $11.6M, which represents a 23% increase over the $9.5M of Combined Revenue of Quepasa and myYearbook during the same period of 2011. Mobile revenue grew 25% sequentially to $2.2M in the Q4 2012 and 355% compared to the same period of 2011 and 355% compared to the same period of 2011. “This year was foundational for the company,” said John Abbott, CEO of MeetMe. “We look to continue mobile revenue growth in 2013 through a combination of a new mobile subscription product, MeetMe+, and new premium advertising placements in our mobile feed." MeetMe averaged 5.51M monthly active users (MAUs) on the core MeetMe platform in the Q4 2012, an YOY increase of 85%.
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