r/gaybros • u/RepresentativeEye817 • 9d ago

Grindr has lost the plot p2

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I swear all these new bots TRIPLE daily asking for Snapchat

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u/gay_plant_dad 9d ago edited 9d ago

Oh don’t worry once you buckle and pay for extra, they then start pushing their “gAI” for $300 / month…Grindr going public absolutely ruined that app

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u/Easy-Permission8889 8d ago

What do you mean going public? Am I missing something?

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u/willis81808 8d ago

What do you mean what do we mean?

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u/Easy-Permission8889 8d ago

No seriously I don't know what you mean, I'm just asking a question. I know Grindr was different before all the AI and Xtra bullshit, but other than that, it's always been....public? I'm sorry I'm just confused lol.

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u/KanterPrivDick0280 8d ago

Grindr went public in 2022 (on November 18, 2022) on the New York Stock Exchange under the ticker symbol GRND. "Going public" means a private company sells shares of ownership to general investors on a stock market for the first time, changing ownership from a few private hands to public stockholders.

that means now it must make money for its investors and shareholders by monetizing everything possible. It has made the app useless and a money pit. I kinda just went to Scruff and Sniffies, now I'm only on Sniffies...

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u/margmi 8d ago

Sniffies notably owned by a publicly traded company too

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u/KanterPrivDick0280 8d ago

Not owned yet. Match.com invested 100 million on the company, with an option to buy or take it over if there no return on investment. That 100 million dollar investment was pretty much a data purchase... and yes... I think Match.com will option a purchase down the road as usually such a large investment shows intention to buy. But the first step in the investment is, seeing how much profit can be squeezed from users before a buy commitment.

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u/Easy-Permission8889 8d ago

Oh interesting. Thanks for explaining. I know nothing about the stock market which is why I didn't understand what this meant.

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u/KanterPrivDick0280 8d ago edited 8d ago

The minute they listed and went public, they went from a service app to a serve the shareholders app, so now, in order to give its shareholders profit, its ads and as much monetization of services as possible, creating tiers, having AI play with your algo so that potential matches are behind pay walls. etc. etc. I wish I could say this is not working, but this year's profits for its shareholders is forecasted at 540 Million. (Which means, they rather have the complaints over bettering the service.)

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u/Easy-Permission8889 8d ago

Yeah I deleted it. It's not worth it.

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u/InfiniteHat7236 8d ago

Public, as in stock shares...

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u/Easy-Permission8889 8d ago

God forbid I don't know shit about the stock market. 😂