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Why This Dating App Stock Is Popping Off Over 300% Today

By Henry Khederian
November 18, 12:58 PM
Grindr (NYSE: GRND) shares are trading higher by 321% to $47.49 Friday after the stock began trading following the completion of its combination with Tiga Acquisition Corp. Per data from AlphaRank, TINV shareholders approved the deal with some 27.1 million shares redeemed (98.2% of shares), remaining a mere 0.5 million shares, closing November 18.

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Grindr Earlier Reported H1 2022 Earnings Before IPO, Non-GAAP Revenue Was ~$90M And H1’22 Adjusted EBITDA Was ~$42M For Representing A Period-Over-Period Growth Of 44% In Non-GAAP Revenue And 26% In Adjusted EBITDA

By Benzinga Newsdesk
November 18, 11:35 AM
Grindr announces the closing of business combination with Tiga Acquisition Corp. Grindr is a profitable leader in the world of LGBTQ social networking platforms with a highly engaged user base in a large and untapped addressable market ("TAM") of estimated $4 billion for 2022 and serving a highly coveted audience

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