Texas Attorney General Greg Abbott blocks our Acquisition of true.com

 

Who in their right mind is going to buy a dating site with 43 million members  if  you are not allowed access to those members ?   Or for that matter anything that may be defined as personal identifiable information.      This would be like buying twitter but you don’t get access to twitters users unless they agree to the sale.

http://www.gosanangelo.com/news/2013/oct/16/truecoms-sale-member-database-objected-texas-ag-do/

“True Beginnings sought permission from the bankruptcy court to sell its assets — including the membership database and all information provided by True.com’s customers — to a Canadian-based online dating service. In the court filing objecting to the membership database sale, Abbott argues that the bankruptcy trustee must first give True.com’s members an opportunity to object to the sale of their personal information. True Beginnings has stated that it merely intends to notify members via email that their personal information has been sold.

However, the proposed email notice does not ask customers to first approve the transfer of their sensitive data. Under the current transfer process, to which the Attorney General objects, data will be transferred unless the customer takes direct steps to opt-out. The Attorney General seeks approval for customers to be allowed to opt-in by having them express approval for the transfer of their personal information.”

10 Responses to “Texas Attorney General Greg Abbott blocks our Acquisition of true.com”

  1. Jeremy Says:

    “During the sign-up process, True.com customers were told their personal information could not be transferred without their consent.”
    Are there any legal precedents that define consent with an opt-out email?
    I would have thought a sufficient email to the members would just give them the option to opt-out, within a reasonable timeframe, otherwise they agree to the new rules and their info will be transferred.
    Obviously this is preferred, as the vast majority of people will not respond either way the email is written.
    This should be done by true as a required condition of sale so they can give you the correct numbers.
    Don’t know how far through the sale process you were when this happened or what your sale contract says.
    Best of luck with your vertical integration plans Markus!

    • Jeremy Says:

      After a quick Google search there are numerous legal precedents for allowing an opt out mechanism with silence as consent.

      True members gave their info because they want to use the service. That isn’t going to change for practically all of them because the owner changed.

      An opt-in email the AG is proposing is absurd. It will negatively impact the majority of true members, and all parties to the bankruptcy sale, debtors, seller and buyer.

      The bankruptcy judge better allow a simple opt-out email, or they may as well blow the whole deal. Is her decision final?

      Why is the AG making this such a big deal? What’s in it for him? Some politics? Is he somehow connected to the debtor or seller?

  2. Matt Says:

    I’m glad you are attempting to buy other dating properties. Do you think IAC has an unfair monopoly on the dating market and should be prevented from purchasing dating sites as well Markus?

  3. Virginia Says:

    I feel like the concern here is less that their user data be used with a new online dating site, and more that it can potentially be sold for more nefarious marketing purposes after the sale.

    To be fair, I assume that any and all data you plug into the online dating machine is no longer under your total control, ya know? I’m not the privacy-paranoid type (as an online dating coach, I couldn’t be if I wanted to continue to promote my business) so I just think you have to make your peace with the knowledge that your data will in part belong to whatever service you want to use.

  4. Jason Lee Says:

    You make an excellent point.The fact is that people agreed their profile was an assets. It’s a bit of an irony that true did background checks. Clearly that model won;t work in online dating.

    Jason Lee, MBA
    Editor, http://www.DatingWebsiteReview.net

  5. Scott Burzynski Says:

    Can someone please get ahold of Markus.I need to see if he will reinstate my username etc.Markus I made a mistake and commented about boobs.My mistake.It wont happen again.Plenty of fish has been good to me.I apologize.Sincerely Mr. Scott Burzynski.bruno111111 is my name.

  6. Chlorine Dioxide Manufacturers Says:

    nice blog thanks for posting..

  7. chester Says:

    Some are paying off debt with a spouse and others are going it alone.
    If you’re ready to commit to blogging for your business,
    read on.

  8. Robert Ewart Says:

    What is going on with my ability to get to my old account from years ago and a new from today? There is no reason to remove me and if there is a complaint I want to know who and what and proof. I have had some women on here get ruthlessly mean and they are still on here.

  9. Robert Ewart Says:

    Do you know what libel is if there is any that was sent to you about me please respond or become part of the lawsuit

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