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(University of South Florida)   Wall Street is having a gay old time   (wusfnews.wusf.usf.edu) divider line
    More: Spiffy, Corporate governance, gay dating app's stock rose, Management occupations, Executive officer, Chief executive officer, Grindr Inc., daily users, important milestone  
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1519 clicks; posted to Business » on 19 Nov 2022 at 12:03 PM (10 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



24 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-11-19 12:04:45 PM  
wither hast thou totalfarkers absconded hence, prithee?
 
2022-11-19 12:45:10 PM  
Went looking for the Letterkenny church girl warning Wayne about Grindr but found this instead:
Fark user imageView Full Size
 
2022-11-19 12:57:25 PM  
WILMA!!!!
 
2022-11-19 12:58:54 PM  
Oof.   If I were a gay man, I'd be feeling pretty existentially threatened by that set of data being joined to the rest of the "publicly traded company" dataset.   Zero protections from buyout harvests.
 
2022-11-19 1:07:22 PM  
I have no idea how Grindr is monetized to begin with. How do these shareholders expect them to make money?
 
2022-11-19 1:14:26 PM  
So it's an app that has been popular and had a consistent user base for almost 10 years, why the fark do they need an IPO? What is the purpose of fundraising here? Nothing is manufactured here, there's nothing to "scale up" for expansion.

Oh, right, Wall Street is simply a casino and this is a shiny new slot machine.
 
2022-11-19 1:24:01 PM  

germ78: I have no idea how Grindr is monetized to begin with. How do these shareholders expect them to make money?


There's the subscription service Grindr Xtra, which gives you filters and more profiles to view (which is very much needed in the gayborhoods where you get the same 50 people within a 0.1m radius).

I wonder if they also monetized the bots that fling 35 messages at me every time I log in. And, they might have app ads that can be disabled with Grinder Xtra (like Fark has)? I don't remember because the number of bots means that I only log in to Grindr like once every 3 years to be reminded why I don't log in to Grindr.
 
2022-11-19 1:34:51 PM  

Fooshards: Oof.   If I were a gay man, I'd be feeling pretty existentially threatened by that set of data being joined to the rest of the "publicly traded company" dataset.   Zero protections from buyout harvests.


Last I heard China had significant stake in it, to the point the DoD recommended everyone not use it.

And despite being a gay dude, I never have.

Much easier to meet quality people in real life if you're clever/kind in the first place.
 
2022-11-19 1:51:20 PM  

misanthropicsob: I don't remember because the number of bots means that I only log in to Grindr like once every 3 years to be reminded why I don't log in to Grindr.


Same for you.
"Oh, that's right, I'm straight "

And then I log off.
 
2022-11-19 1:51:51 PM  
-you+me
 
2022-11-19 2:07:57 PM  
Stonks go UP!  Let's get some grindrcoin in it too.  Then the stonks really go to the moon!  And stonks always go up. It is the law.
 
2022-11-19 2:19:42 PM  

germ78: I have no idea how Grindr is monetized to begin with. How do these shareholders expect them to make money?


Twenty bucks is twenty bucks.
 
2022-11-19 2:21:57 PM  

Eddie Hazel's E string: So it's an app that has been popular and had a consistent user base for almost 10 years, why the fark do they need an IPO? What is the purpose of fundraising here? Nothing is manufactured here, there's nothing to "scale up" for expansion.

Oh, right, Wall Street is simply a casino and this is a shiny new slot machine.


Fark user imageView Full Size
 
2022-11-19 2:23:47 PM  

Eddie Hazel's E string: So it's an app that has been popular and had a consistent user base for almost 10 years, why the fark do they need an IPO? What is the purpose of fundraising here? Nothing is manufactured here, there's nothing to "scale up" for expansion.

Oh, right, Wall Street is simply a casino and this is a shiny new slot machine.


Fark user imageView Full Size
 
2022-11-19 2:25:12 PM  

fredbox: germ78: I have no idea how Grindr is monetized to begin with. How do these shareholders expect them to make money?

Twenty bucks is twenty bucks.


19 in about 6 or 7 years
 
2022-11-19 2:51:30 PM  
Fark user imageView Full Size


"Oh, hi guys, what's going on in here?"

I suspect that there is a significant unstated secondary user base that increases the value of the app considerably.

By the way, whoever added the nickname "Wide Stance" to his wiki entry--kudos!
 
2022-11-19 3:13:59 PM  

padraig: misanthropicsob: I don't remember because the number of bots means that I only log in to Grindr like once every 3 years to be reminded why I don't log in to Grindr.

Same for you.
"Oh, that's right, I'm straight "

And then I log off.


For me, there are 3-4 other gay oriented apps (and everybody is telling me to get on Tinder).
 
2022-11-19 3:14:54 PM  

Linux_Yes: fredbox: germ78: I have no idea how Grindr is monetized to begin with. How do these shareholders expect them to make money?

Twenty bucks is twenty bucks.

19 in about 6 or 7 years


$18 in one year.
 
2022-11-19 5:25:50 PM  
Isn't Grindr owned by some right-wing homophobe or something?

/don't use it, never liked the interface
 
2022-11-19 6:37:27 PM  
I thought a Chinese guy owned grindr.

I'd invest in it. Grindr I mean. Some gay people have a lot of sex, and I'm sure some of those would pay/are paying for a hook up service.

No brainer.
 
2022-11-19 8:59:02 PM  

Wine Sipping Elitist: I thought a Chinese guy owned grindr.

I'd invest in it. Grindr I mean. Some gay people have a lot of sex, and I'm sure some of those would pay/are paying for a hook up service.

No brainer.


Depends on local conditions

Makes me wonder if it should be used by individuals to backtrack if infected with HIV etc

I'm straight but I've been promiscuous as hell before and lucky to have escaped without rashes or children

My gay friends have some stoooooooories about Grindr drama
 
2022-11-19 11:38:59 PM  

austerity101: Isn't Grindr owned by some right-wing homophobe or something?

/don't use it, never liked the interface


No. The original founder was a rich gay guy. But, the new CEO is an openly gay conservative who complains about Trump himself but openly advocates for some of his policies.

He's why I finally deleted my profile this year.
 
2022-11-20 6:55:36 AM  

Linux_Yes: Eddie Hazel's E string: So it's an app that has been popular and had a consistent user base for almost 10 years, why the fark do they need an IPO? What is the purpose of fundraising here? Nothing is manufactured here, there's nothing to "scale up" for expansion.

Oh, right, Wall Street is simply a casino and this is a shiny new slot machine.

[Fark user image image 425x340]


You are probably the second least likely person I'd ever expect to post a meme I created, but it does make sense that the point of it completely went over your head.
 
2022-11-20 12:56:56 PM  
I know the CFO personally. She's a pretty cool woman, used to work with her at another company back in the day. She was the CFO at BamTech when they sold to Disney, and now the CFO of a high scale IPO. Good for her...she was hard done by where we used to work, by some pretty nasty people.

Now she's filthy rich.

Maybe there's hope for me yet.
 
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