Dating Service Zoosk Lays Off 15% Of Staff, Company Confirms | Techcrunch

It has a significant presence on mobile, but Tinder has been running away with much of the market there, as you can see. Most of Zoosksrevenue comes from this one subscription fees, which made up 86 percent of its business in 2014. Zoosk has raised $60 million since its 2007 founding. This pastfall, Bloomberg reported that Zoosk had decided tohold back on its IPO plans, deciding instead to watch market conditions and possibly delay itsIPO until 2015. And just online dating last month , more hintsof troubles at the company emerged when Zoosks co-foundersShayan Zadeh and Alex Mehr pulled back from their day-to-day involvement, becoming members of the board instead. CFO Kelly Steckelberg then took over as Zoosk CEO, as the company continued to reassess its IPO plans. At the time, Steckelberg confirmed that conditions were still not right for the company to proceed with its offering.
Full story: http://techcrunch.com/2015/01/15/dating-service-zoosk-lays-off-15-of-staff-company-confirms/?ncid=rss

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