Thirty-one theses on dating capitalism

02 / 31

THESIS II

PART ONE — THE PORTFOLIO

The revenue model is indifferent to whether a user succeeds, and is mildly penalised when one does.

A successful relationship removes two potential subscribers.

Two people who stay together cancel two subscriptions. Financial journalism has put the arithmetic bluntly: each successful match costs the platform not one customer but two. No Match Group executive has ever said this on the record, and this manifesto does not claim otherwise. The claim is narrower and harder to answer. A subscription business reporting payers, revenue per payer and churn as its primary disclosures is measuring retention, and retention and resolution point in opposite directions.

EVIDENCE SNAPSHOT

2 exits

SUCCESSFUL MATCH

A successful relationship may end two subscriptions

Payers/churn

PLATFORM METRICS

Retention is tracked through payers and churn

Exit

USER GOAL

The user’s desired outcome is leaving the product

Opposed

STRUCTURAL TENSION

Platform retention and user resolution point opposite ways

KEY FINDING

Two people who stay together cancel two subscriptions.

IMPLICATION

The user’s ideal outcome and the platform’s preferred commercial outcome do not fully align.

Source apparatus

SOURCE 01

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JOURNALISM / SCHOLARSHIP

Rosalsky, G. (2024, February 13). The dating app paradox: Why dating apps may be worse than ever. Planet Money. NPR.

SOURCE 02

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JOURNALISM / SCHOLARSHIP

Srnicek, N. (2016). Platform capitalism. Polity Press.