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.
Sodom meet Gammorah.Un-freakin’ believable ....
It should probably say gay sock sores.
Romans 1: 24 Wherefore God also gave them up to uncleanness through the lusts of their own hearts, to dishonour their own bodies between themselves: 25 Who changed the truth of God into a lie, and worshipped and served the creature more than the Creator, who is blessed for ever. Amen. 26 For this cause God gave them up unto vile affections: for even their women did change the natural use into that which is against nature: 27 And likewise also the men, leaving the natural use of the woman, burned in their lust one toward another; men with men working that which is unseemly, and receiving in themselves that recompence of their error which was meet.
great!! May Aids, Monkey Pox and Murder be with you!!
lmao... htf can someone be this excited about a Gay Dating App??
They charge a monthly fee as their business model. Prbably some advertising and mailing lists sold. I used to manage a number of iPhones and the management app on the phones would give a listing of apps people installed along with being CC’d on the emails sent to them from the App Store. Grindr was in there and getting paid for by a couple of people.
handful of billionaires drove up the price...give it two months, it’ll be half of the IPO price.
So the underwriters mispriced the stock by a lot.
One could say the sellers “got it in the @$$” and left big money on the table.
“..handful of billionaires drove up the price...give it two months, it’ll be half of the IPO price...”
Yep.
As with most IPOs (not all), it will drop like a rock once the “novelty” wears off.
Short it.
Recruitment works. How many poor young boys have been groomed by homosexualized ‘everything.’ Personally, I don’t care if you’re a homosexual. I know several who are kind decent people. And in fact, the homosexuals I know DISPISE the tranny movement and are disgusted by the drag queen tranny grooming BS. I believe the L and G lobby is the only political power capable of confronting the obvious pedophilia and the tranny mutilation of children. They have to answer to God eventually. Grown adults can do what they want. Maybe it is because I just know old school homosexuals who wanted to be left alone. But when it comes to harming children I’ll happily answer for my judgement sins when I have to.
They’re laughing now. They’ll be crying later.
Check the price
Is it really “dating” though?
And on the same week that they released the results of the HIV vaccine trials on humans...
Then we’ll hear them say they really took it in the ass on that one!
Isn't that just precious? Stop it. I'm getting misty.
When you need political allies you take the ones you can get. What have conservatives done to stop the pedo tranny grooming? NOTHING The Republicans? NOTHING. What have they done to stop the tranny infiltration of women’s sports? NOTHING. Who has actually stepped up? Lesbians and gays. So if you don’t like that, then just sit back and enjoy the further degenerate grooming of children while there are gays and lesbians who do not support this crap because they are the ONLY political power to stop it. Face the facts man. It is not the old school gays and lesbians doing this. It is a new breed of tranny fa66ot pedos in high political office. And the gays and lesbians are the only political power standing up against it that have a chance to stop it. SO let that misty eye gauze sink in. This is a moral war and WE are losing. We are losing BIGLY and need allies. If I have to ally with homosexuals to stop the predation of children I have no problem with that. Enjoy your smug high horse of purity while casting stones. I’ll take what I can get to take on the new breed drag pedos and democrats grooming children.
I wouldn’t touch that stock with an 8” pole.
Grindr? So “Packr” was taken?
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