Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. Zuckerberg has been running around New York in his “hoody”, refiling once again the Facebook S-1 to adjust for lowered revenues estimates due to increased mobile phone use.
It is important to understand that the difference between US-based dating services like e Harmony, JDate and others when comparing Chinese online dating websites is that these new millennial users tend to focus on finding a husband or wife.I expect to see a deal come at $10, or see the share price trade well above $10 in 2015 or 2016.CEO Rose Gong would be much better off allowing the company to remain public and cashing out down the road – but her company is now 12 years old, and she may be getting pressure to cash out. It was founded by CEO Rose Gong from her dorm room in Shanghai in 2003 and now has over 140 million users.Online dating is a huge business, and if you follow this sector, you know that International Ltd. The company has accomplished this by leveraging growing membership and a suitor that wants to take them private, sending a non-binding proposal letter from Vast Profit Holdings that involves the acquisition of all of the outstanding ordinary shares of the company that are not already owned by Vast Profit.The board cautioned the company's shareholders and others considering trading in the company's stock that “no decisions have been made by the Special Committee with respect to the company's response to any proposal and there can be no assurance” that any definitive offer will be made.Online dating has transformed the world of courtship.
According to You Gov, it accounted for one in five of all new relationships, while last year, online dating subscriptions were added to the Office for National Statistics’ basket of goods and services measuring the cost of living.
China’s dominant player, (DATE), listed on the Nasdaq last year, perhaps got its timing wrong.
Its shares have lost more than half its value in a difficult year for Chinese stocks in general.
These are tricky investments, since privatization would end common shareholder participation, creating a short term tax event.
So if you didn’t buy this stock already, you have limited upside, explaining today’s pullback of 13% to $8.
Today’s action might be a reflection of cold feet by the CEO, but it doesn’t mean it is not worth owning at some level.