Internet dating market share
Employment expanded as well, rising at an average rate of 3.1% per year to an estimated 7,376 employees in 2013.There is a moderate degree of market share concentration for the Dating Services industry.Match Group, the biggest digital romance service, is out to prove it's the one.
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But the user growth is with Tinder, the free and wildly popular mobile dating app, known for having members swipe left or right, depending on their interest.
The level of concentration within the dating services industry has risen throughout the past five years.
Industry consolidation is largely the result of increased mergers and acquisitions, as larger companies acquire well-established dating sites and companies to increase the density of their consumer bases.
Payments company Square is also scheduled to sell shares Thursday night in what is likely to be the fifth biggest tech deal of the year, though it was priced at , below the expected price.
IAC, the Internet conglomerate chaired by billionaire Barry Diller, will still own 86 percent of Match's stock after the separation.
Tinder's tagline is "friends, dates, relationships, and everything in between." In other words, it's as much for a fun night out as it is for finding a significant other.
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