Last Thursday at The Altman Building in Chelsea, Grindr staged what might be the most unexpected runway show of the year. Aptly titled I Wool Survive, the show was a collaboration with designer Michael Schmidt and Rainbow Wool, a German nonprofit that rescues gay sheep. Yes, you read that correctly. One in twelve rams is…
Long-simmering debates in Washington about the benefits of increased investment from China were revived in recent weeks after Beijing reportedly pushed US President Donald Trump’s administration to roll back national security restrictions on Chinese deals in the US. But despite signs of high-level political warming to the idea, analysts say the path forward for Chinese…
“I wouldn’t try to impress someone. They would want to be with me or not. I don’t want to be with some, you know, slurpy twink who’s trying to, you know, be impressed,” joked Cohen, who reveals he’s on “every” dating app. Andy Cohen is opening up about his love and dating life — the…
Grindr, the publicly-traded company behind the popular dating and social networking app for LGBTQ people, is closer to becoming private. On Friday, two of Grindr’s board members who are also major investors offered to acquire the West Hollywood company for $18 per share in cash, a proposal that would value Grindr at nearly $3.5 billion….
Spencer Platt/Getty Image New York-listed shares of Grindr jumped the most in three years after billionaire George Raymond Zage III and James Lu, the company’s majority owners, offered to buyout the minority shareholders in a deal valuing the LGBTQ dating app at $3.5 billion. Grindr shares climbed 18.9% to $15.06 at the close of trading…
By Kritika Lamba and Arsheeya Bajwa (Reuters) -Two Grindr board members, part of an investor group that owns more than 60% of the company, have proposed to take one of the world’s most recognized dating platforms for the LGBTQIA+ community private for about $3.46 billion. Shares of the company closed up nearly 19% on Friday….
Spencer Platt/Getty Image Billionaire George Raymond Zage III and James Lu, majority shareholders of Grindr, have raised $1 billion in preliminary and conditional debt financing as they explore a buyout of the New York-listed firm. The deal would value the LGBTQ dating app at $3 billion. The loan supports the possibility of taking the company…
Marred with job market woes and rising living costs, Gen Zers don’t have the financial stability to date right now—and those who are dating are using their romantic interests as a potential career or wealth boost. That’s at least, according to dating apps. But Grindr CEO George Arison isn’t buying it. “We have no challenge…
It looks like dating apps are finding new ways to make consumers fall back in love with them. In late July, Grindr Inc. announced second quarter earnings results that were largely positive. The West Hollywood-based mobile dating platform that primarily caters to queer people reported a revenue of $104.2 million, a 27% increase from the…
Cupid is no longer called Cupid. Now it’s called Tinder, Bumble, Grindr, Badoo, Hinge… Dating apps have shaken up the way emotional and romantic connections are made around the world, as well as the dynamics that accompany these new ways of relating. Along with matches, blocks, sparks, and superlikes, new words are emerging that describe…