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Online dating has made millions of matches all over the world.And it will still continue to grow for years to come.And last year, with the acquisition of JSwipe, it branched out into the Tinder-like market of users who swipe left or right to find love.“Every Jew knows someone who knows someone who met on JDate,” said Aaron Young, Spark’s former vice president for business development and strategic partnerships.
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Some of the decline could reflect Spark’s management turnover, but it is also indicative of the challenges facing the online dating industry.
There are about 4,500 online dating companies, according to a report by the market research company IBISWorld, but the majority are tiny.