Vancouver’s Plenty of Fish aquires FastLife

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Want to discuss? Please read our Commenting Policy first. Nadia Stewart reports. He figured the start-up might help him land a job after graduating from the B. Institute of Technology with a diploma in Computer Systems Technology. But within about five months, according to the BBC , he had thousands of dollars a month pouring in from online ads.

Meet the Vancouver man getting $575M cash for PlentyofFish sale

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PlentyOfFish Acquires FastLife

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The subject who is truly loyal to the Chief Magistrate will neither advise nor submit to arbitrary measures. This article was published more than 6 years ago. Some information in it may no longer be current. In just two years the outlook for online dating has gone from hot and steamy to complicated romance. Consider this: In , Vancouver’s own Plenty of Fish, an immensely successful online dating site, had revenues in the “tens of millions.

Plenty of Fish made a name for itself by offering a free online dating site that matched prospective couples with special algorithms. Although its no-frills website didn’t look like anything special, it was wildly popular — something the Globe and Mail wrote about two years ago. However, its business model was predicated on ad revenue, and the shift to mobile log-ins has upended the structure. Eighty per cent of Plenty of Fish’s clients now visit using a mobile device, and “our revenues haven’t kept pace with the number of users on mobile,” chief executive officer Markus Frind said in an interview.

He isn’t alone: major websites — from Facebook to media outlets — are trying to figure out how to monetize their mobile apps and sites, where ad space is much more limited. On top of that, “Match.

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Nadia Stewart reports. So good for the guy that is year-old launched the organization from their Vancouver apartment in following weeks of composing rule. Their objective as he began ended up being merely to enhance their resume. He figured the start-up may help him secure work after graduating through the B.

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Online dating site Plenty of Fish reels in its first deal

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