Tinder eyes $800-million mark this year; SpaceX investors hold steady despite Tesla drama; luxury boat online rental service OnBoat now on board in L.A.
West Hollywood-based matchmaking app Tinder Inc. could raise more than $800 million in total 2018 revenue, according to its parent company, Match Group Inc. Socaltech reports during an earnings call early this week Match Group executive Gary Swidler reported the growth and said it is driven mostly by Tinder Gold, a $14.99 monthly subscription.
CNBC Technology reports that Space Exploration Technologies Corp. investors say they aren’t alarmed by the current turmoil in founder Elon Musk’s other venture, Tesla Inc. Musk recently floated the idea of taking the electric car company private. SpaceX, valued at approximately $28 billion, may seek an IPO in the future and investors anticipate the deal to remain lucrative regardless of Tesla’s trajectory. This is partially due to SpaceX’s unique funding structure which allows private investors to buy and sell shares at a few predetermined times per year.
OnBoat, a company that connects people to fleets of private boats and captains, announced Aug. 9 it has launched its online marketplace and will offer services in Los Angeles. The company was already operating in San Francisco, Miami and San Diego. The average cost of a three-hour party on a luxury yacht is $3,600, Socaltech reports.