Also covered are Google's web of transportation investments and the startups tackling the multi-cloud ecosystem.
Today, we discuss automaker earnings call language, dating apps for bacon lovers, Nordic banks in fintech, and more, including:
- Is the online dating/dating app market size too small to be interesting?
- Why are Alphabet and Google Ventures both investing in e-scooter co Lime?
- Elon Musk talks like a 7th grader on earnings calls
- Who are the other M&A targets after the PillPack deal?
- Where the largest Nordic banks invest
- Startups improving the multi-cloud experience
Is the online dating/dating app market size too small to be interesting?
On May 1st, Facebook announced its intention to launch a dating app. Match Group — which owns Match.com and Tinder, and which recently acquired the “anti-Tinder” app Hinge just last month — saw its stock price fall off a cliff that day, as its stock price graph below illustrates.
Match currently owns more than 45 brands under its dating umbrella. Even with this consolidation, the market is still highly fractured globally, and Match Group is estimated to have 10% of global market share.
This past week, Denver-based dating app MeetMindful raised $5.46M in a Series A led by Techstar Ventures. The app is a community-based dating platform that “serves the niche mindful living market.” Those pursuing a “lifestyle featuring spirituality, wellness, green living, [and] fitness” can finally find each other (as if the local Whole Foods wasn’t convenient enough).