The Inside Story Of How A Former Hedge Fund Star Made His First Billion On Grindr https://t.co/FIODju1cKK ...

advertisement BY David Salazar Listen to this ArticleMore info 0:00 / 0:00 Grindr's days as a public company could be numbered.  SUBSCRIBE LOGIN | FastCo Works The hookup and dating app, which went public via a special purpose acquisition company (SPAC) merger in fall 2021, announced on October 14 that its largest shareholders, Raymond Zage and James Lu—who led the company's go-public efforts—were exploring the possibility of acquiring Grindr's outstanding stock, which would take the company private agai ...

Grindr’s days as a public company could be numbered. Most Read from Fast Company The hookup and dating app, which went public via a special purpose acquisition company (SPAC) merger in fall 2021, announced on October 14 that its largest shareholders, Raymond Zage and James Lu—who led the company’s go-public efforts—were exploring the possibility of acquiring Grindr’s outstanding stock, which would take the company private again. The confirmation of Lu and Zage’s goal of taking the company private follow ...

The Inside Story Of How A Former Hedge Fund Star Made His First Billion On Grindr https://t.co/FIODju1cKK ...

Core Insights - Dating app Grindr is exploring a privatization deal with major shareholders Raymond Zage and James Lu negotiating with Fortress Investment Group for debt financing [1] - The proposed acquisition price is approximately $15 per share [1] - The acceleration of these negotiations follows the seizure and sale of some Grindr shares held by shareholders by a subsidiary of Temasek last week [1]

Core Insights - Grindr's majority owners are attempting to take the LGBTQ+ dating app private due to a stock decline that has led to a personal financial crisis for them [1] Group 1: Ownership and Financial Situation - The majority owners, Raymond Zage and James Lu, control over 60% of Grindr and had previously acquired the app for over $600 million in 2020 before taking it public in 2022 [2] - Zage and Lu pledged nearly all their shares as collateral for personal loans from a unit of Singapore's sovereign wealth fund Temasek, which became undercollateralized following a stock slide [3] Group 2: Business Performance and Market Reaction - Despite the stock decline, Grindr's profits increased by 25% in the second quarter, although there are concerns regarding executive turnover and narrowing margins [4] - The owners are in discussions with Fortress Investment Group to secure financing for a buyout at approximately $15 per share, valuing Grindr at around $3 billion, which led to a jump in shares following the report [5]

(Reuters) -Insiders at dating app Grindr are discussing taking it private after a share slump put its top owners in a tight personal financial position, Semafor reported on Monday, citing people familiar with the matter. Grindr shares jumped more than 10% following the report. They have lost about 26% so far this year. Raymond Zage and James Lu, who control majority of Grindr, are in talks to secure debt financing from Fortress Investment Group to acquire the dating app, the report said. Zage and Lu hav ...

Grindr Inc. (NYSE:GRND) is actively exploring new premium pricing tiers as it makes a significant strategic pivot to become an “AI-native company,” according to CEO George Arison, who revealed this in a recent interview with Matt Joanou for Marketopolis by Benzinga.The company is investing heavily in artificial intelligence to enhance its user experience, alleviate “dating app fatigue,” and ultimately drive higher average revenue per user (ARPU).Check out GRND’s stock price here.On Path To Become An ‘AI-Nat ...

Dating app Grindr on Wednesday named John North as its finance chief, replacing Vanna Krantz. ...

此前，该公司依赖的是初创公司Ex-human Inc.提供的聊天机器人（技术）。 采用亚马逊和Anthropic开发的众多人工智能（AI）工具来开发开发自家的"Wingman"（亲密关系/僚 机）产品。 LGBTQ约会品牌Grindr从自家产品路线图推出"A-List"功能。 ...