For anyone who has been following the story concerning French dating startup Smartdate, there is clearly a lot of intentional ambiguity. For the moment, the investors in the company have either refrained from commenting or simply stated that there was a mutual disagreement that has left the company's future a bit up in the air (potentially with some of the investors leaving the board).
First off, for anyone who doesn't know Smartdate, it's often defined as the French Zoosk. It's a Facebook-based dating platform that helps you date people within your online network. The company officially launched in March 2010 raised some €5.5 million with 360 Capital and 2 well-known French entrepreneurs (in the country where it is supposedly impossible to raise money), launched its platform in 6 different languages and accumulated 650K members within a year.