Posted on 12/02/2022 2:14:40 PM PST by nickcarraway
Grindr came out swinging when it made its debut on the New York Stock Exchange. The gay dating app's stock rose by more than 400% after going public on Friday.
The self-described "leading platform focused on the LGBTQ+ community" announced its intention to become a public company back in March. In September, the app's board of directors appointed both a chief executive, and a chief financial officer. On Friday, the dating app announced its successful merger with Tiga Acquisition Corp, a special purpose acquisition company. Grindr Inc. debuted on the New York Stock Exchange that same day under the symbols "GRND" and "GRND.WS."
"Today marks an important milestone not only for the team at Grindr, but for the LGBTQ community we serve," Grindr's chief executive officer, George Arison, said. "We enter the public markets with momentum, carried by our market leadership, strong financial performance and significant growth runway as we step up investment in our core product and services."
And the dating app's stock is definitely one to watch: It debuted at $16.90 at 9:30 a.m. and hit a high of $71.51 before midday, according to MarketWatch. The stock closed at $36.50, a 214% increase compared to Thursday, the last trading session before the merger.
Grindr, which launched in 2009, reported roughly 11 million daily users per day last year. Users sent a combined 260 million messages in that same period, and spent an average of 61 minutes per day on the app. In the same announcement, Grindr estimated the value of its "highly engaged user base in a large and untapped addressable market" at $4 billion.
God will not be mocked and we will rue the day we let the perverted nose of the camel into the tent.
Everybody that applauds it is in for a nice wake up call soon too. Judgement is coming.
Few want to say the truth out loud that the male homosexual cohort is far and away the most sexually promiscuous segment of society. This is why they’re the canary in the coal mine every time a new sexually transmitted disease pops up (e.g., monkey pox most recently).
Well yeah. After all 98% of folks are “happy” according to the deviated press. 😲
I just bought stock in AIDs medications.
Black Rock must have bought it up.
Poo on privates is a coming thing.
This makes sense, those guys do pump where they dump.....
God already has warned them, and if they choose to disobey they will receive unto themselves the due penalty for their perversion.
Being gay reduces your lifespan by nearly 30 years. The average lifespan of a gay man is under 50!
And because of their disobedience, nearly all of their short lives will be miserable.
It’s sad.
A “coming thing,” indeed.
Oh dear Jesus, please hurry.
Electronic AIDS exchange. Now with monkeypox. /smirk
Is this some sort of sick joke? Is this the Babylon Bee? WTH kind of society are we living in where a fag dating site goes public on the stock exchange. God help us.
And in 10 years the Federal Government will sue Grindr for not forcing all of its users to have proof of negative AIDS tests and/or vaccines ...
Please excuse my French, but this is being “pumped” like the “meme stocks” have been recently. There’s no growth potential for it as their entire customer base is already utilizing the app. Anyone that invests in this (to quote Inspector Clouseau) “swine monkey”, is an assclown that will most certainly be cornholed on the quick.
Mpox, monkeypox is racist . . . somehow.
I doubt it, 80% of the Federal government are members and users of the website.
Here I thought Grindr was that basketball guy, who is on vacay in Russia.
God is in the Heavens. He is the great judge.
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