umich Posted November 18, 2022 Share Posted November 18, 2022 Grindr GRND +296.04% , the app geared toward the gay, bi, trans and queer community, started trading on the New York Stock Exchange Friday after merging with blank-check company Tiga Acquisition in a $2.1 billion deal. Shares (ticker: GRIND) soared more than 400% to $60.60 at last check. That surge was a function of the interest in the company as well as the low float of the stock of about 500,000 shares, Barron’s reported earlier. While Grindr’s coming out Friday morning was lively — including performances from drag performers Lady Bunny and Jorgeous at the New York Stock Exchange — the Los Angeles-based company faces a challenging time. This year’s volatile markets have made it difficult for companies to go public. Grindr’s already public peers Match Group MTCH –1.55% (MTCH) and Bumble BMBL –2.98% (BMBL) have fallen 64% and 31% respectively, this year. https://www.barrons.com/articles/grindr-grind-going-public-tiga-spac-stock-price-51668787783?tesla=y Link to comment Share on other sites More sharing options...
aayAlex Posted November 18, 2022 Share Posted November 18, 2022 i cant read what dies this mean Link to comment Share on other sites More sharing options...
Nano Posted November 18, 2022 Share Posted November 18, 2022 12 minutes ago, aayAlex said: i cant read what dies this mean It means Grindr is going to ****. Link to comment Share on other sites More sharing options...
imabadkid Posted November 18, 2022 Share Posted November 18, 2022 27 minutes ago, aayAlex said: i cant read what dies this mean it means everyone is gonna be on grindr looking for b*ssy Link to comment Share on other sites More sharing options...
HeavyMetalAura Posted November 18, 2022 Share Posted November 18, 2022 I’ve heard the new CEO is a Trump-supporting Republican. I want to ditch, but no other app has as much activity as Grindr. Link to comment Share on other sites More sharing options...
imabadkid Posted November 18, 2022 Share Posted November 18, 2022 11 minutes ago, HeavyMetalAura said: I’ve heard the new CEO is a Trump-supporting Republican. I want to ditch, but no other app has as much activity as Grindr. tbh since they’re a public company now there will prob be a lot of changes but the new MAGA ceo doesn’t help the situation. Link to comment Share on other sites More sharing options...
OrgVisual Posted November 18, 2022 Share Posted November 18, 2022 Lemme short it Link to comment Share on other sites More sharing options...
Attitude Posted November 18, 2022 Share Posted November 18, 2022 60 per share? That seems a bit high tbh. Link to comment Share on other sites More sharing options...
Guest Posted November 18, 2022 Share Posted November 18, 2022 1 hour ago, Sept said: Lemme short it Same 38 minutes ago, Attitude said: 60 per share? That seems a bit high tbh. agreed; the valuation seems a bit suspicious Link to comment Share on other sites More sharing options...
Bacardo Royale Posted November 18, 2022 Share Posted November 18, 2022 Bring back the ethnicity filter Link to comment Share on other sites More sharing options...
PoisonedIvy Posted November 18, 2022 Share Posted November 18, 2022 19 minutes ago, Limitless said: Same agreed; the valuation seems a bit suspicious They have a lot of monthly active users and their subscription prices are insanely high, yet they still have a ton of people who pay for them. Their business metrics are all publicly available, but I work with companies who are filing their IPO’s with the SEC and I was assigned to Grindr earlier in the spring of this year so I’ve had a little longer to read up on everything. Link to comment Share on other sites More sharing options...
Guest Posted November 18, 2022 Share Posted November 18, 2022 16 minutes ago, Bacardo Royale said: Bring back the ethnicity filter nnnn, now sis 12 minutes ago, WeFoundTrouble said: They have a lot of monthly active users and their subscription prices are insanely high, yet they still have a ton of people who pay for them. Their business metrics are all publicly available, but I work with companies who are filing their IPO’s with the SEC and I was assigned to Grindr earlier in the spring of this year so I’ve had a little longer to read up on everything. Thanks for this, that makes sense let me go buy some shares and then short them Link to comment Share on other sites More sharing options...
Jotham Posted November 19, 2022 Share Posted November 19, 2022 10 hours ago, HeavyMetalAura said: I’ve heard the new CEO is a Trump-supporting Republican. I want to ditch, but no other app has as much activity as Grindr. Scruff has been a good replacement imo. People there (at least where I live) are a lot more approachable than the ones on Grindr. Its UI is worse though. Link to comment Share on other sites More sharing options...
arceus Posted November 19, 2022 Share Posted November 19, 2022 Horny ugly men saving the IT industry I guess Link to comment Share on other sites More sharing options...
Sanctuary Posted November 20, 2022 Share Posted November 20, 2022 On 11/18/2022 at 10:22 PM, Jotham said: Scruff has been a good replacement imo. People there (at least where I live) are a lot more approachable than the ones on Grindr. Its UI is worse though. This is the tea, I've always preferred Scruff. Grindr seems to be 90% guys looking for transwomen/cd or drugs, at least in my area Screaming at Grindr being traded now, let me add a couple stocks to my portfolio just for the kii. Link to comment Share on other sites More sharing options...
BletaRexher Posted November 20, 2022 Share Posted November 20, 2022 When are y’all going to realize grindr has almost single handedly ruined the community Link to comment Share on other sites More sharing options...
Severus Snape Posted November 20, 2022 Share Posted November 20, 2022 12 minutes ago, BletaRexher said: When are y’all going to realize grindr has almost single handedly ruined the community I cannot meet gay men in real life since I basically live in a small town and all my friends are straight. If it wasn't for grindr I wouldn't have had the opportunity to actually meet amazing people I can still reach out to when I need help in some things. Of course there are some extremely horny freaks, but its also good to meet someone. Link to comment Share on other sites More sharing options...
BletaRexher Posted November 20, 2022 Share Posted November 20, 2022 4 minutes ago, Severus Snape said: I cannot meet gay men in real life since I basically live in a small town and all my friends are straight. If it wasn't for grindr I wouldn't have had the opportunity to actually meet amazing people I can still reach out to when I need help in some things. Of course there are some extremely horny freaks, but its also good to meet someone. Tinder luv, it’s grindr but less old men sending you crusty D pics and asking why you’re ignoring them Link to comment Share on other sites More sharing options...
infrared Posted November 20, 2022 Share Posted November 20, 2022 ironically didn't they just allow ass shots as profile pics Link to comment Share on other sites More sharing options...
Severus Snape Posted November 20, 2022 Share Posted November 20, 2022 3 hours ago, BletaRexher said: Tinder luv, it’s grindr but less old men sending you crusty D pics and asking why you’re ignoring them I would have to put in a face pic and I'm not out Link to comment Share on other sites More sharing options...
FreeXone Posted November 21, 2022 Share Posted November 21, 2022 On 11/18/2022 at 11:58 AM, Bacardo Royale said: Bring back the ethnicity filter Omg Link to comment Share on other sites More sharing options...
anti-bitch Posted November 22, 2022 Share Posted November 22, 2022 On 11/20/2022 at 9:26 PM, BletaRexher said: Tinder luv, it’s grindr but less old men sending you crusty D pics and asking why you’re ignoring them It depends on location tho. In smaller towns you might just find someone from grindr. Or at least you can connect with ppl faster. But it's good to have alternatives for Grindr at this point. Link to comment Share on other sites More sharing options...
Protocol Posted November 22, 2022 Share Posted November 22, 2022 I hope it goes bankrupt and goes offline. This app has destroyed the gay community. Link to comment Share on other sites More sharing options...
OrgVisual Posted November 24, 2022 Share Posted November 24, 2022 On 11/18/2022 at 7:41 PM, Limitless said: Same agreed; the valuation seems a bit suspicious It's already down 85% from the peak of the first day too bad my broker just added it now hmmmmmm Link to comment Share on other sites More sharing options...
Guest Posted November 24, 2022 Share Posted November 24, 2022 1 hour ago, Sept said: It's already down 85% from the peak of the first day too bad my broker just added it now hmmmmmm MESS, let me buy it NOW Link to comment Share on other sites More sharing options...
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