Zoe Schiffer

Now let us explore the way the broadening pressure to own relationships programs to generate way more money are moving in the matchmaking business – specifically the fresh planet’s premier gay matchmaking app, Grindr.

Into the Grindr’s decide to squeeze its profiles

Since its initial public offering in 2022, Grindr has been on a rocky road financially. Its stock has fallen 70 % because the its SPAC. After hitting an IPO-high of $, it currently sits at $. Last summer, group launched intends to unionize, amid industry layoffs and worries that the organization was losing its progressive culture. Two weeks later, CEO George Arrison abruptly ordered his mostly remote workforce of 180 people back to the office. About half the company left and Grindr paid out more than $nine million inside severance. (más…)