The app Hornet, which caters to the gay male community, has seen a 30-percent increase in social feed engagement since social distancing measures began in mid-March, according to CEO Christof Wittig. And the dating app Tinder reported that it saw more engagement on March 29 than on any other day in its history, with more than 3 billion users swiping to connect with people, according to an April 1 press release. In 2020, online dating revenue in the U.S. amounted to 602 million U.S. dollars, and it is projected to reach 755 billion U.S. dollars by 2024. The number of users is also expected to see an annual increase, with 53.3 million Americans expected to use internet dating services in 2024, up from 44.2 million users in 2020. That year, paying customers accounted for approximately 15 percent of U.S. online dating users. While many dating sites and apps are free, some platforms use a freemium pricing model that supports online purchases.
When you engage in social events where you’re likely to meet new people, the pool of those who are single and looking is much smaller than when you’re on an app or dating site where everyone is in the same boat as you. Research shows, however, there are negative side effects of online dating, particularly for young women. People cite the obvious reasons for being on dating apps, such as seeking a long-term partner or a sexual encounter; the split is fairly even.