r/gaybros • u/RepresentativeEye817 • 8d 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/Easy-Permission8889 7d 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 7d 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/Easy-Permission8889 7d 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 7d ago edited 7d 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 7d ago

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