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Grindr - 2 Grindr didn't - 1 Meta - 1 It's - 1 Bud - 1 George Arison - 1 Arison - 1 unapologetically - 1
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Tiga Acquisition Corp - 2 Communication Workers of America - 1 Service - 1 Communications Workers - 1 America - 1 Bloomberg - 1 United - 1 CWA - 1

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6 mentions found


☆ Grindr loses about half its workers after trying to make them come back to the office
  + stars: | 2023-09-09 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +3 min
The dating app told employees to start working from an office 2 days a week or lose their jobs. The Communication Workers of America union said about 80 of its 178 workers rejected the RTO order. Last month the LGBTQ+ dating app told employees to starting work in the office two days a week from October or face dismissal after August 31. A representative for Grindr told Bloomberg the union claims were without merit and that it was "returning to the office in a hybrid model in October." Google has been telling employees to show up at the office three days a week since April 2022, and Meta followed suit in June.
Persons: Grindr, Grindr didn't, Meta Organizations: Communication Workers of America, Service, Communications Workers, America, Bloomberg, United, CWA, National Labor Relations Board, Wired, Tiga Acquisition Corp, Beijing Kunlun Tech, Vicente, Meta, Google Locations: Wall, Silicon, Chicago , Los Angeles, San Francisco Bay, Beijing Kunlun, Delaware
☆ Grindr went public 7 months ago. Here's what's happened since then
  + stars: | 2023-06-23 | by ( Alex Harring | ) www.cnbc.com   time to read: +8 min
Since its Nov. 18 debut, Grindr has begun courting investors and making the necessary adjustments to be a public company, all the while making innovative plans for the future of the product. Seven months in the public marketIn the seven months since Grindr representatives rang the opening bell, CEO George Arison has shifted his focus to matters relevant to a public company, such as hiring specialists versus generalists and raising liquidity. Slightly more than 6% of shares are available for public investors to buy and sell, according to FactSet. Big names such as Vanguard, BlackRock and Charles Schwab also have small holdings, with each accounting for less than 0.2% of total shares. Grindr also recently launched a web offering, which may offer more features at an additional cost in the future.
Persons: Grindr, It's, Bud, George Arison, Arison, unapologetically, Bumble, Morgan Stanley, he's, Charles Schwab, Raymond Zage, Tiga, James Fu Bin Lu, Spencer Platt Organizations: NYSE, Tiga, Disney, Bud Light, Anheuser, Busch Inbev, JPMorgan, Wall Street, Group, West Capital Management, Prescott Investors, Vanguard, BlackRock, New York Stock Exchange, Tiga Acquisition Corp, Getty Locations: Boston, New York City
☆ Indonesia, SpaceX launch satellite to boost internet connectivity
  + stars: | 2023-06-19 | by ( ) www.reuters.com   time to read: +1 min
JAKARTA, June 19 (Reuters) - Indonesia and Elon Musk's rocket company SpaceX on Monday launched the country's largest telecommunication satellite from the United States, in a $540 million project intended to link up remote corners of the archipelago to the internet. Roughly two-thirds of Indonesia's 280 million population already use the internet, but connectivity is limited in far-flung, underdeveloped eastern islands of the Southeast Asian country. The satellite will occupy the orbital slot above Indonesia's eastern Papua region. It has a throughput capacity of 150 gigabytes per second and will provide internet access to 50,000 public service points, the Indonesian government said. The project is a public-private partnership between the government and Indonesian satellite service provider PT Satelit Nusantara Tiga.
Persons: Elon, Dewi Kurniawati, Gayatri Suroyo, Kanupriya Kapoor Organizations: Elon Musk's, SpaceX, Monday, Thales Alenia Space, PT Satelit Nusantara Tiga, Thomson Locations: JAKARTA, Indonesia, United States, Indonesian, Republic of Indonesia, Florida, Papua
☆ Grindr shares soar in post-SPAC debut as advocates weigh progress of LGBTQ inclusion within finance world
  + stars: | 2022-11-18 | by ( Alex Harring | ) www.cnbc.com   time to read: +6 min
The group of performers, some known for appearances on the competition show "RuPaul's Drag Race," performed on a rainbow stage set in the front of the New York Stock Exchange. It was part of a celebration of LGBTQ dating app Grindr's public-markets debut following a merger with blank-check company Tiga Acquisition. The New York Stock Exchange was lined with rainbow markers and pride flags in recognition of the event. Before the opening bell, New York Stock Exchange President Lynn Martin spoke about the importance of an LGBTQ-centered company's place in the equities market. watch now'The power of the app'The excitement around Grindr's debut does not diminish the difficulties of the current bear market.
☆ Grindr Plans to Focus on Monetization, Subscription Prices After Going Public
  + stars: | 2022-11-17 | by ( Jennifer Williams-Alvarez | ) www.wsj.com   time to read: +6 min
The company will list on the New York Stock Exchange under a new name, Grindr Inc.Vanna Krantz, Grindr CFO. Ms. Krantz said she plans to review subscription prices, which currently start at $19.99 a month for paid accounts. Once the company is public, Ms. Krantz will be responsible for further building out Grindr’s finance function. Ms. Krantz said she would focus on further improvement when it comes to forecasting. The year-over-year loss was largely driven by one-time costs associated with going public, such as legal, consulting and audit fees, Ms. Krantz said.
☆ Grindr Public Listing Can’t Keep It Casual
  + stars: | 2022-10-22 | by ( Laura Forman | ) www.wsj.com   time to read: 1 min
Investors will soon be able to hook up with the world’s most-popular gay-dating platform. A merger with the special-purpose acquisition company Tiga Acquisition, announced in May, values Grindr at $2.1 billion and is expected to close by the end of the year. Grindr’s popularity relative to its total market size is impressive. A study commissioned by Grindr estimates the size of the LGBTQ+ population as of 2021 was just about 7% of the global tally. Meanwhile, Grindr had amassed 601,000 paying users as of last year, according to its registration filing, about 40% of the number of paying users of Bumble , the No.
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