The Meet Group Explained

The Meet Group, Inc.
Traded As:NASDAQ: (2014–2020)
Location City:New Hope, Pennsylvania
Location Country:U.S.
Owner:ProSiebenSat.1 Media
Company Type:Public
Website Type:Social networking service
Foundation: (as MyYearbook)
Founder:Geoff Cook
David Cook
Catherine Cook
Registration:Required
Parent:ParshipMeet Group
Current Status:Active
Programming Language:PHP
Language:English, Portuguese, Spanish, French, Italian, German, Chinese, Russian, Japanese, Korean, Dutch, Turkish, Malay, Indonesian.
Advertising:Banner ads, custom ads

The Meet Group, Inc. (formerly MeetMe) owns several dating app networking services including MeetMe, hi5, LOVOO, Growlr, Skout, and Tagged. The company has offices in New Hope, Pennsylvania, Philadelphia, San Francisco, Dresden, and Berlin.

History

Two siblings, Dave and Catherine Cook, created myYearbook during their Spring break of 2005. They persuaded their older brother Geoff, who had founded EssayEdge and ResumeEdge from his Harvard dorm room, to invest in their project. At the launch of the site, Dave was a junior in high school and Catherine was a sophomore; the project was initially activated at Montgomery High School, in suburban New Jersey where they attended. The site was created entirely by workers in India.[1]

In 2006, myYearbook raised $4.1 million from U.S. Venture Partners and First Round Capital. In 2008, it raised $13 million in a Series B round.[2]

In July 2011, myYearbook announced it had agreed to be acquired by Latino social networking site Quepasa.[3] [4] [5] In June 2012, the company formed from the combination of myYearbook and Quepasa was renamed MeetMe.[6]

In October 2016, MeetMe acquired Skout for $55 million.[7] [8]

On April 3, 2017, the company acquired if(we) and rebranded to The Meet Group.[9]

In September 2017, Meet Group acquired German dating app Lovoo[10] [11] for $70 million USD.

In 2020, The Meet Group was acquired by ProSiebenSat.1 Media with a parent company, ParshipMeet Group, being formed to manage both The Meet Group and Parship.[12] [13]

In 2022, Tumblr announced its livestreaming service Tumblr Live, based on The Meet Group's product Livebox.[14] In 2024, Tumblr announced that they would be discontinuing Tumblr Live as of January 24th, with options for users to migrate to MeetMe.[15]

See also

External links

Notes and References

  1. News: The secrets of a teen's Internet success . . Stefanie . Olsen. 16 August 2007.
  2. News: Teen Social Network myYearbook Gets $13 Million. Jason . Kincaid . . July 30, 2008.
  3. Web site: MyYearbook bought by Latino social network Quepasa.. 20 July 2011. .
  4. News: Latino social network Quepasa swallows MyYearbook . Ryan . Kim . . July 20, 2011.
  5. News: New Jersey Siblings Net $100 Million for myYearbook Sale . RESHMA . KIRPALANI . . July 21, 2011.
  6. News: Quepasa, MyYearbook Complete Rebranding As MeetMe, Will Start Trading Today As MEET . Anthony . Ha . . June 5, 2012.
  7. MeetMe Announces Closing of Skout Acquisition . . October 4, 2016.
  8. News: MeetMe acquires mobile flirting app Skout for $55 million in cash and stock . Ken . Yeung . . June 27, 2016.
  9. MeetMe Announces Closing of if(we) Acquisition and Rebrands to The Meet Group . . April 3, 2017.
  10. https://www.lovoo.com/ Lovoo
  11. News: German dating app Lovoo is acquired for $70M by The Meet Group . Mike . Butcher . . September 20, 2017.
  12. News: ProSieben to Buy Dating Firm Meet Group in Tough TV Market . Stefan . Nicola . . March 5, 2020.
  13. The Meet Group Announces Closing of Acquisition by eharmony Parent Company Parship Group . . September 4, 2020.
  14. Web site: King . Ashley . 2022-12-21 . Tumblr Joins Livestreaming Band Wagon with New Service . 2023-09-30 . Digital Music News . en-US.
  15. Web site: Tumblr Live Is Shutting Down - Help Center . 11 January 2024 . Tumblr Help Center.