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News: $MEET The Meet Group Announces Selected Preliminary Financial Results for the Third Quarter 2019
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today pre-released selected preliminary financial information for its third quarter 2019. This announcement was made ahead of the Company’s presentation at the 5 th Annual B. Riley FBR Cons...
Got this from MEET - The Meet Group Announces Selected Preliminary Financial Results for the Third Quarter 2019
The Meet Group Announces Participation at the 5th Annual B. Riley FBR Consumer & Media Conference
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that its CEO, Geoff Cook, will present at the 5th Annual B. Riley FBR Consumer & Media Conference at 4:00 PM ET on Thursday, October 3, at the Sofitel New York.
The Company will also be hosting one-on-one meetings with institutional investors.
A live and archived audio webcast of the Company's presentation with presentation slides will be available on the Investor Relations section of The Meet Group’s website at http://ir.themeetgroup.com.
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190930005081/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267-714-6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267-446-7010
The Meet Group Announces Successful Completion of Debt Refinancing and Reports on Share Repurchase Progress
Source: Business Wire
- New $60 million credit facility improves financial flexibility and cash flow; increases allowable annual share repurchase threshold
- $9 million in shares bought back since July
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced the successful completion of its debt refinancing and reported on its share repurchase progress.
The new $60 million credit facility consists of a $35 million term loan which was fully drawn at closing and a $25 million revolving line of credit for general corporate purposes. The new facility replaces and terminates the Company’s prior facility. The new term loan matures on August 29, 2022 and amortizes at 10% per year, a reduction from 25% per year in the prior facility.
Geoff Cook, CEO of The Meet Group, commented, “The strong execution of our livestreaming video strategy has enabled us to improve our financial position and successfully refinance our debt. In addition to reducing our cost of borrowing, the new debt facility allows for increased annual spending for share repurchases of up to $30 million annually, up from $10 million annually allowed under the prior facility.
“We have been actively buying the Company’s stock over the past several months and are committed to continuing the program,” added Cook. “We believe that current prices provide an attractive basis for repurchase.”
As of August 30, 2019, the Company had repurchased 2.54 million shares of its common stock for approximately $9 million under the current $30 million plan authorized through 2021.
The new credit facility was provided through a banking syndicate arranged by BofA Securities, Inc. and JPMorgan Chase Bank, N.A.
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
Forward-Looking Statements
Certain statements in this press release made by The Meet Group, Inc. are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including whether the $25 million revolving line of credit will be available for future needs; whether we will increase our share buybacks to $30 million annual limit; and whether we will continue to repurchase shares at current prices as expected. All statements other than statements of historical facts contained herein are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “project,” “outlook,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. Further information on our risk factors is contained in our filings with the Securities and Exchange Commission (“SEC”), including the Form 10-K for the year ended December 31, 2018 filed with the SEC on March 8, 2019. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190904005309/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267-714-6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267-446-7010
Current Report Filing (8-k)
Source: Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 13, 2019 (August 12, 2019)
The Meet Group, Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-33105
86-0879433(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
100 Union Square Drive
New Hope, Pennsylvania
18938
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: (215) 862-1162
Not Applicable(Former name or former address if changed since last report.)
Securities registered pursuant to Section 12(b) of the Exchange Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registeredCommon Stock
MEET
NASDAQ
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 12, 2019, The Meet Group, Inc. (the "Company") split responsibilities of its Chief Accounting Officer position between two newly created positions: Senior Vice President, Strategic Planning and Treasury and Senior Vice President, Finance and Accounting. Michael Johnson, the Company’s Chief Accounting Officer and principal accounting officer, transitioned into the Senior Vice President, Strategic Planning and Treasury role. As part of this transition, Mr. Johnson will no longer serve as the Company’s principal accounting officer, which role will be assumed by the Company's Chief Financial Officer, James Bugden. Mr. Johnson’s base salary will continue at the same rate, but his potential performance-based bonus has been reduced. The Senior Vice President, Finance and Accounting position will be filled by Jaime Woodside.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
THE MEET GROUP, INC.
Date:August 13, 2019
By: /s/ Geoff Cook
Name: Geoff Cook
Title: Chief Executive Officer
News: $MEET The Meet Group to Present at Upcoming Investor Conferences
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that its Chief Executive Officer, Geoff Cook, is scheduled to present at the following investor conferences: Oppenheimer 22nd Annual Technology, Internet & Communications C...
Got this from The Meet Group to Present at Upcoming Investor Conferences
The Meet Group Teams With Digital Identity Company Yoti to Help Create Safer Communities Online
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive live streaming solutions, and Yoti, a digital identity company, today announced that The Meet Group plans to trial Yoti’s innovative age verification and age estimation technologies designed to create safer communities online.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190724005110/en/
The Meet Group, with more than 15 million monthly active users, helps people to find connection and community through its social networking and dating apps. As a company committed to the protection of its users, The Meet Group devotes approximately half of its workforce to safety and moderation, and continuously reviews its safety procedures with the goal of meeting the highest standards of online safety and security.
The relationship allows Yoti to enhance The Meet Group’s strong existing safety measures, letting users verify their age with Yoti’s age estimation technology Yoti Age Scan, or the free Yoti app where a date of birth is verified to a government issued photo ID. Yoti’s technology can help moderators at The Meet Group ensure that minors do not create accounts.
Geoff Cook CEO at The Meet Group commented,“A key part of helping people to create meaningful connections is to keep them safe online. We have already committed ourselves to one-tap report abuse capability, clear and frequent safety education, and proactive and transparent moderation, and now with Yoti’s age verification and estimation technologies, we look forward to being one of the few app operators in social or dating who can respond to reports of underage users quickly and accurately. By using Yoti’s age estimation technology and digital identity app, we believe we can enhance the safety of our platforms and give users a simple, private and secure way to verify their age.”
Adam Grayson, US Regional Director at Yoti explained, “I’m delighted to announce our relationship with The Meet Group, which demonstrates its ongoing commitment and leadership to proactive safety measures and the protection of its members. Yoti Age Scan can estimate someone's age with a high degree of accuracy and privacy, and the free Yoti app gives people the chance to verify their age in a simple and secure way - creating more transparency online and helping to ensure that only those of the right age are accessing online platforms and creating accounts. Our work with The Meet Group shows how Yoti’s technology can help make the internet a safer place, which is particularly important when connecting with new people.”
Yoti’s technology is private and secure; letting individuals verify their age without sharing any other personal information. This data minimisation approach protects an individual’s privacy and identity, and provides a blueprint for safer, simpler user experiences. Yoti has been designed in such a way that individuals aren't tracked - only the individual can access their personal data.
The Meet Group expects to trial Yoti’s technology on the MeetMe app this year.
For more information about Yoti go to www.yoti.com or read the Yoti Age Scan white paper.
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here. For more information visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
About Yoti
Founded in 2014, Yoti is a global technology company on a mission to become the world’s trusted identity platform. Our free digital identity app, with over 4.6 million downloads, is the new, safer way to prove your age online, check out faster with age-restricted items at supermarkets and save time and money proving your identity to businesses. It brings safer connections with the people you meet online as well as enabling secure website login with your biometrics instead of remembering passwords. All personal details are secured with 256-bit encryption and Yoti promotes a data minimisation approach. For more information, visit www.yoti.com.
Forward-Looking Statements
Certain statements in this press release made by The Meet Group, Inc. are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including whether we will trial Yoti’s technologies as expected; whether Yoti’s technologies will make our online communities safer and help our moderators ensure that minors do not create accounts; whether we will be one of the few app operators in social or dating who can respond to reports of underage users quickly and accurately; and whether we will by using Yoti’s age estimation technology and digital identity app we will enhance the safety of our platforms and give users a simple, private and secure way to verify their age. All statements other than statements of historical facts contained herein are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “project,” “outlook,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. Further information on our risk factors is contained in our filings with the Securities and Exchange Commission (“SEC”), including the Form 10-K for the year ended December 31, 2018 filed with the SEC on March 8, 2019. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Notes to editors:
Using a form of Artificial Intelligence called neural network learning, Yoti Age Scan is a secure, anonymous age checking service that accurately estimates a person’s age by comparing an individual’s face to many thousands of other age verified faces.
Yoti Age Scan is a private and anonymous solution. There is no need for individuals to register in advance or provide any documents as evidence of their identity. It simply estimates their age. The image is instantly destroyed as soon as the age has been estimated, meaning Yoti Age Scan ‘always forgets a face’.
You can find out more about Yoti Age Scan by downloading the white paper here.
Yoti Age Scan can accurately estimate the age of millions of people in a private and secure way. It is a scalable solution which is quicker, more practical and more accurate than age assessments made by individuals, and can be used when providing age restricted goods and services, both online and in person.
Yoti have signed the Safe Face Pledge signature, which encourages companies using artificial intelligence to ensure that facial recognition technology is not misused.
When MeetMe users verify their age using the Yoti app, they will only be asked to share an 18+ attribute to protect their privacy.
Yoti is also working with social networking app Yubo who are using Yoti’s age estimation technology, Yoti Age Scan, and the Yoti app to help protect their community of users, as part of their safeguarding and safety measures.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190724005110/en/
Media contact:
Brandyn Bissinger - bbissinger@themeetgroup.com
Rachael Trotman - rachael.trotman@yoti.com
Investor contact:
Leslie Arena - larena@themeetgroup.com
MeetMe Launches One-on-One Video Chat to Further Enhance User Safety
Source: Business Wire
Most-requested feature enables confident connections before meeting
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced the launch of one-on-one video chat on its MeetMe app.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190717005073/en/
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Most-requested feature enables confident connections before meeting (Graphic: Business Wire)
“If a picture is worth a thousand words, a video is worth a million,” said Catherine Connelly, Vice President of Brand Strategy at The Meet Group. “Long our top requested feature, one-on-one live video provides the opportunity to get to know someone safely without exchanging phone numbers. One-on-one video adds yet another tool in our safe meeting toolkit, something we encourage all our members to do before they consider meeting in a safe place. What’s more, short of meeting in real life, nothing provides a better sense of who a person is and whether or not there is chemistry than a one-on-one video chat.”
By simply tapping the video chat icon on the MeetMe app, members can initiate video chat requests to those with whom they have previously exchanged messages. Members can only receive video chat requests from people they have already communicated with. Recipients have the option to accept or decline any incoming video chat request, and they may also choose to block or report abusive users through our one-tap report abuse feature.
“Having launched industry-leading Report Abuse buttons just last week, we are thrilled to activate yet another feature aimed at helping users stay safe while meeting new people on our platform,” continued Connelly. “With roughly 50% of our daily active users on MeetMe engaging in one-on-one chats without visiting our broadcast video feature, we believe one-on-one video chat has the potential to introduce more users to our interactive video platform to make meaningful connections. We look forward to expanding one-on-one video chat to our Skout and Tagged apps in the coming months.”
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. A description of our industry-leading safety practices can be found here. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including whether one-on-one will help users stay safe while meeting new people on our platform as anticipated, whether one-on-one will introduce more users to our interactive video platform to make meaningful connections; and whether we will expand one-on-one video chat to our Skout and Tagged apps in the coming months. All statements other than statements of historical facts contained herein are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “project,” “outlook,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. Further information on our risk factors is contained in our filings with the Securities and Exchange Commission (“SEC”), including the Form 10-K for the year ended December 31, 2018 filed with the SEC on March 8, 2019. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190717005073/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267 714 6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267 446 7010
The Meet Group Announces Date of Earnings Release and Conference Call for Second Quarter 2019 Financial Results
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that its second quarter 2019 financial results will be issued in a press release on Wednesday, July 31, 2019, before the open of the market. The company will host a conference call at 8:30 a.m. ET to discuss the financial results with the investment community.
What:
The Meet Group Second Quarter 2019 Earnings Conference Call
When:
Wednesday, July 31, 2019, at 8:30 a.m. Eastern Time
Dial-In:
866-572-9351 (US and Canada)
703-736-7482 (International)
Passcode: 7712889
Webcast:
To access the live and replay webcast, please visit the investor relations section of The Meet Group’s website at http://www.themeetgroup.com.
Call Replay:
An audio replay will be available at 855-859-2056 domestically or 404-537-3406 internationally, using passcode 7712889 through August 7, 2019.
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190716005137/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267 714 6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267 446 7010
The Meet Group Updates Flagship App with Industry-First Safety Practices
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced it has launched a number of industry-first safety practices within the newly released iOS and Android versions of its flagship app, MeetMe.
“Today we unveiled a number of safety-related features on MeetMe,” said CEO Geoff Cook, “including the most prominent Report Abuse button we have seen in any major livestreaming app. When a user taps this button, a screengrab will be sent to our 200+ person moderation team for rapid review of both the screengrab and the active livestream. The button will appear in every user stream, making it even easier for users to alert our moderation team to potentially problematic video content.
“We also added a clear, full-screen reminder of our strict content standards that streamers must now acknowledge every time before they stream. And to help ensure that all streamers understand and accept our standards, we have enacted a waiting period for new users before they can go live on MeetMe, during which we encourage them to review our Content and Conduct Policy.
“We are taking meaningful steps to further strengthen what we believe are already industry-leading online safety standards for our apps,” continued Cook. “We expect to add each of these features to our other apps in the coming months, as we continue to lead in livestreaming safety and moderation practices.”
Larry Magid, CEO of ConnectSafely, said, “We appreciate The Meet Group's leadership on abuse-reporting practices. A commitment to one-tap reporting of content, whether livestreams, photos, or profiles makes sense for the whole industry."
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. The Meet Group is committed to safety. You can find a description of current safety practices here: https://www.themeetgroup.com/safety-practices/. For more information visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including whether we will add these features to our other apps later this quarter as anticipated and whether we will continue to lead in livestreaming safety and moderation practices. All statements other than statements of historical facts contained herein are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “project,” “outlook,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the risk that our applications will not function easily or otherwise as anticipated, the risk that we will not launch additional features and upgrades as anticipated, the risk that unanticipated events affect the functionality of our applications with popular mobile operating systems, any changes in such operating systems that degrade our mobile applications’ functionality and other unexpected issues which could adversely affect usage on mobile devices. Further information on our risk factors is contained in our filings with the Securities and Exchange Commission (“SEC”), including the Form 10-K for the year ended December 31, 2018 filed with the SEC on March 8, 2019. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
?
View source version on businesswire.com: https://www.businesswire.com/news/home/20190709005475/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267 714 6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267 446 7010
The Meet Group Announces Participation in Safety Panel Discussion
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced that its CEO, Geoff Cook, will participate in a panel discussion on Online Safety in the Dating and Social Entertainment Market hosted by Mike Latimore, Managing Director, Senior Research Analyst at Northland Capital Markets.
Mr. Cook will join industry executives and experts in the online dating and entertainment space to discuss the company’s leading safety and moderation practices and ongoing actions to ensure the safety of its user community.
The panel discussion will be held on Tuesday, July 2, at 1:30pm ET – 2:30pm ET. The discussion will be webcast and is available by accessing: https://attendee.gotowebinar.com/register/4514562158102040845.
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190702005315/en/
Investor Contact:
Leslie Arena
larena@themeetgroup.com
267 714 6418
Media Contact:
Brandyn Bissinger
bbissinger@themeetgroup.com
267 446 7010
The Meet Group Joins the Online Dating Association
Source: Business Wire
The Meet Group, Inc. (NASDAQ: MEET), a leading provider of interactive livestreaming solutions, today announced it has joined the Online Dating Association, an international nonprofit organization dedicated to safety and standardizing best practices in the online connection space.
“The ODA is a pioneer in standardizing best practices in online dating and we are proud to be joining forces with their team,” said Geoff Cook, CEO of The Meet Group. “Connecting millions of people a day is inherently challenging. That is why we devote nearly half of our entire workforce exclusively to safety and moderation. That is also why we believe it is so important to share best practices across our industry, to the benefit of all our users. We look forward to working with the ODA and its members to reduce abusive behavior across the space. We are particularly committed to leading the way on safety practices for livestreaming apps.”
Said George Kidd, CEO of ODA, “We are thrilled to have The Meet Group join us, and we look forward to its contributions as we strive to continually improve the wellbeing of the online dating sector and its users. We view The Meet Group as one of the leaders in the space, investing millions of dollars annually to keep its users safe.”
The Meet Group is also an active member of the Family Online Safety Institute. FOSI Founder and CEO Stephen Balkam said, “We commend The Meet Group's proactive approach to sharing best practices with other leaders in the space, and focusing on the wellbeing of users. We look forward to supporting their ongoing work to ensure that those using social media services have a safe and positive experience."
About The Meet Group
The Meet Group (NASDAQ: MEET) is a leading provider of interactive livestreaming solutions designed to meet the universal need for human connection. Our ecosystem of livestreaming apps enables users around the world to interact through one-to-many livestreaming broadcasts and text-based conversations. Our top apps, MeetMe®, LOVOO®, Skout®, Tagged® and Growlr®, deliver live interactions and meaningful connections to millions of users daily. Headquartered in New Hope, PA, we have offices in Philadelphia, San Francisco, Dresden, and Berlin. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.
About the Online Dating Association
The ODA was set up in 2014 to develop and maintain standards that give users assurance and ensure businesses trade responsibly. It seeks also to inform policy makers and to promote messages to users that minimize the risk of harm.
Contact info@onlinedatingassociation.org.uk
Site https://www.onlinedatingassociation.org.uk/
Forward-Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including whether we will share best practices across our industry as anticipated; whether we will work with the ODA and its members as anticipated; whether we will lead the way on safety practices for livestreaming apps; and whether we will make contributions to the ODA as anticipated. All statements other than statements of historical facts contained herein are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “project,” “outlook,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the risk that our applications will not function easily or otherwise as anticipated, the risk that we will not launch additional features and upgrades as anticipated, the risk that unanticipated events affect the functionality of our applications with popular mobile operating systems, any changes in such operating systems that degrade our mobile applications’ functionality and other unexpected issues which could adversely affect usage on mobile devices. Further information on our risk factors is contained in our filings with the Securities and Exchange Commission (“SEC”), including the Form 10-K for the year ended December 31, 2018 filed with the SEC on March 8, 2019. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190701005471/en/
Investors:
Leslie Arena
larena@themeetgroup.com
267 714 6418
Media:
Brandyn Bissinger
bbissinger@themeetgroup.com
267 446 7010
Note to IHUB followers - on 1-7-09 meet closed at 5.04...
On the launch pad...
http://ir.themeetgroup.com/file/Index?KeyFile=396300691
Next earnings release should be interesting. Should be around March 7, 2019
At over $5, is this a buy or a short?
Video revenue is up, but this will still lose money?
When will it be profitable?
Well, it was $3.38 when I posted that and it was over 4.70 for a bit today. Thinking $5.00 pre-earnings and hoping with good earnings we run over $6.
Do your own due diligence borobo... think you will see MEET is undervalued.
Video conferencing revenues should push earnings the next couple quarters... maybe more...
How is it you believe the markets will witness $5?!
June could be a fun month for this stock.
Current stock price is $3.38 and MEET group is ramping up video launch- https://www.businesswire.com/news/home/20180531005209/en/
Let’s hope for individual press release s for each future rollout!
Shorts better cover before it is too late...
Believe we could see a quick move to $5 on the horizon... June could be fun and this stock has been beat down way to long.
“We are off to a strong start to the year, with growth from live video monetization accelerating at an even faster pace than we had anticipated,” said Geoff Cook, Chief Executive Officer of The Meet Group.
* * $MEET Video Chart 05-03-18 * *
Link to Video - click here to watch the technical chart video
MEETing some resistance at the 50-day MA.
Could be poised for a nice little run if MEET breaks through.
Stock buy back. Some investors have been here since Quepasa.com! Maybe investors deserve rights to buy stock. Maybe?
* * $MEET Video Chart 04-09-18 * *
Link to Video - click here to watch the technical chart video
* * $MEET Video Chart 03-29-18 * *
Link to Video - click here to watch the technical chart video
Isn't this kind of a good thing? Isn't it good that the company can afford to take this expense now? I mean from your explanation it was a mistake buying an asset that didn't produce results like they intended, but that they take the hit now shows they have confidence that taking the hit will not hurt them too much in their current fiscal position......I'm asking if you see it that way.
Goodwill impairment $56,428,861
Goodwill impairment is an earnings charge that companies record on their income statements after they identify that there is persuasive evidence that the asset associated with the goodwill can no longer demonstrate financial results that were expected from it at the time of its purchase. Because many companies acquire other firms and pay a price that exceeds the fair value of identifiable assets and liabilities that the acquired firm possesses, the difference between the purchase price and the fair value of acquired assets is recorded as a goodwill. However, if unforeseen circumstances arise that decrease expected cash flows from acquired assets, their fair value can be lower than what was originally paid for them, and a company must book a goodwill impairment.
... $56 million... #%*!&$
* * $MEET Video Chart 03-07-18 * *
Link to Video - click here to watch the technical chart video
Earnings out this week. We need a solid quarter with an upbeat next quarter. Just bracing myself for another letdown... seems Cook and Co. can really butcher an earnings conference . If par to subpar, can’t see this going much lower. If it is a homer- we gap up over $5.00 quickly. I’ll be sitting on the launchpad come Thursday waiting to see what video conferencing and Lovoo have contributed. I’m optimistic it will be nothing less than spectacular...
MEET showed us the beef today regarding revenues and EBITDA! Up we go! $$$$
LOVOO... video gifting ... future looks bright for MEET. Wondering when mgmt will initiate a stock buyback? At these levels they need one and they have the $ to do it. Also wish the leadership in this company would actually start buying some shares. Is this asking too much?? Shareholders have been tortured this year and deserve better.
Just hoping we will look back in June of next year and wish we had bought all we could at these levels.
A little good news is what this stock needs... and management needs to start producing in 2018!
About to reverse breakout short squeeze
I don’t understand ... I haven’t really been following this stock and I just bought a small position on Friday but does anyone have an explanation for this rather large drop recently? From news I can find it seems like earnings were good and there was nothing bad that happened but the stock got downgraded. Is there something I’m just not seeing?
"Meet Group posted a healthy 88% year-over-year growth in total revenue, up to $32.2 million, with mobile revenue up 47% to $23.7 million. Adjusted net income checked in at $0.11 per share, up from the prior year's $0.10 per share."
The Meet Group Announces Closing of Lovoo Acquisition
[Business Wire]
Business WireOctober 19, 2017
The Meet Group Announces Closing of Lovoo Acquisition
The Meet Group Announces Closing of Lovoo Acquisition Multimedia Gallery URL
NEW HOPE, Pa.--(BUSINESS WIRE)--
The Meet Group, Inc. (MEET), a public market leader in the mobile meeting space, has completed its acquisition of Lovoo GmbH. The LOVOO app is the most downloaded dating app in Germany, Switzerland, and Austria combined.
MY MEET IS -->> LONG AND STRONG
YUMMMMMMM
I'M SELLING MY MEAT... I MEAN MEET AT $3.80
CUM TASTE MY MEAT CHEESE FTW
MEET
Meet has been helping FOLKS with LOADING their meat in a POLETHRA of gaps!!!
GO MEET
Let's go MEET!!! This should not be below 5$
Too bad it can hardly break and hold $6
"The Meet Group Inc has an analyst consensus of Strong Buy, with a price target consensus of $9.31."
This stock is so predictable, always crashes after earnings....
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