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reportedly spent 0 million to buy another 10 percent stake in Tinder, the popular dating app, was met by most of the tech world with a healthy dose of skepticism.

After all, could a site that's just 20 months old with no revenue model to speak of really be worth billion? Shortly after Bloomberg reported the story Friday, Sam Yagan, CEO of IAC's Match Group, which includes IAC's online dating companies, told that while he could confirm a deal was made, "this valuation is nowhere near the truth." Tinder, for its part, has declined to comment. According to the market research company IBISWorld, the entire online dating industry is just billion. The other party never got notified that you expressed interest, anyway.

It turns out that the crippling fear of an awkward first date is the least of your troubles.

A fraud is sweeping online dating sites, according to a special report in this month’s issue of Glamour Magazine.

The scam typically works like this: A con artist, usually based in an Internet cafe overseas, will lift a photo from Facebook or another social networking site.

They will painstakingly craft a fake profile and begin targeting people that are looking for love.

Tinder, with its 10 million active daily users, is fundamentally changing the way that a massive number of people behave, and as a result, it's probably worth a whole lot more than you think. But while you might think that colors my view of the situation, it also gives me unique insight into where Tinder succeeds and other dating sites fail. They haven't simplified the process much, either, still prompting users to fill out those long and antiquated dating surveys. Tinder has made the difficult process of meeting a total stranger seamless, exciting, and perhaps most importantly, mainstream.

Related: Startup Centrallo – A Better Way To Organize Your Life Fortu is a mobile dating application that cuts the chit-chat and makes dates happen, in real life.

Courtland Brooks is distributed work force of 15 people.

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Once they’ve made contact, they will typically request to move the conversation to a private instant messaging service.

He or she will begin the courtship process by sending letters and love poems for a period of weeks and finally offer to fly to meet their victim.

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