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He said it could generate million a year in earnings before interest, taxes, depreciation and amortization — not million in annual revenue.Because of an editing error, an article on Monday about increased competition in the online dating business misstated the position of Barry Diller at IAC/Inter Active Corp, which owns a number of dating sites. Yagan said there was still plenty of business to go around.“It is not a winner take all dynamic,” he said. Unlike a car, the majority of online daters use multiple products, so you want to have a portfolio — a multibranded approach.”An article on Monday about increased competition in the online dating business referred incorrectly to the amount of money the Match Group chairman, Gregory R.
IAC/Inter Active Corp has always had a thing for online dating. The media conglomerate, whose chairman is Barry Diller, has been snatching up dating sites for the last several years, increasing its bet on the fertile terrain combining technology and romance, where many couples are meeting these days.However, it is under intense pressure as free mobile services pop up and make it more challenging to generate a profit.About one of every 10 American adults has used a dating website or mobile app, according to a 2013 report from Pew Research.*Names have been changed to protect identities En español She wrote him first. In the summer, when the trees leafed out, you couldn't even see the road or the neighbors. She'd grown up here, in a conservative pocket of Virginia. When it came to meeting new people, however, her choices were limited. The holidays were coming, and she didn't want to face them alone.A short message sent on a Thursday evening in early December 2013, under the subject line: Match? She signed up for a six-month subscription to Match.com, the largest and one of the oldest dating services on the Web.