BonVivant Posted November 25, 2022 Share Posted November 25, 2022 Hi all. Any opinion on Grindr stock? Would anyone invest in it? GRND is down 4.50% to $9.55. Check it out on Yahoo Finance Link to comment Share on other sites More sharing options...
Bucky Posted November 25, 2022 Share Posted November 25, 2022 (edited) These 'info tech' IPOs are often wildly risky and timing is everything. It opened at $16.50 last Friday and shot up to $71 before closing at $36.50 on it's first day of trading. Since then it's run down hill fast and as mentioned, closed today under $10. They boast 11 million active users worldwide, had $90 million in revenue first half of 2022 and spend only 1% of revenue on marketing. It's crazy that this company is valued at $1.68 Billion. Whether it's a buy at $9-$10 is anyone's guess. Edited November 25, 2022 by Bucky Kevin Slater, MikePDNA51 and BonVivant 2 1 Link to comment Share on other sites More sharing options...
Bucky Posted November 30, 2022 Share Posted November 30, 2022 I'm intrigued as these IPOs shake out during their first few weeks of trading. Today the GRND price dropped below $6. There clearly isn't the confidence in this arena that was projected when it went public on Nov.18 at $16.50 But at $6 it could also be one of those great "double or triple your money fast" buys if one is willing to take some risk. MikePDNA51 1 Link to comment Share on other sites More sharing options...
Guest Posted November 30, 2022 Share Posted November 30, 2022 Did it IPO or was it a reverse acquisition of a smaller company already public? If the latter, that tends to create confusion in valuation. The P/E is staggering and I suspect that after a lockout period, some institutions are dumping…but that’s a presumption until 13D filings in Q1 Link to comment Share on other sites More sharing options...
Quincy_7 Posted November 30, 2022 Share Posted November 30, 2022 There's nothing wrong with putting some play money in single stocks I'm really struggling to see the long term value proposition with this one. MikePDNA51 and Kevin Slater 2 Link to comment Share on other sites More sharing options...
pubic_assistance Posted December 1, 2022 Share Posted December 1, 2022 For anything to be worthwhile for investors, it needs to expand and to increase profit. I'm guessing that Grindr has already spread as far as it's going and considering it doesn't take may people to run the thing...I don't forsee any increased efficiency in their future. Link to comment Share on other sites More sharing options...
Guest Posted December 1, 2022 Share Posted December 1, 2022 7 hours ago, pubic_assistance said: For anything to be worthwhile for investors, it needs to expand and to increase profit. I'm guessing that Grindr has already spread as far as it's going and considering it doesn't take may people to run the thing...I don't forsee any increased efficiency in their future. I’d add nuance to that. Growth and increasing profit are necessary to support high valuations. But a boring cash cow Benjamin Graham kind of company can provide a very consistent return Link to comment Share on other sites More sharing options...
handiacefailure Posted December 18, 2022 Share Posted December 18, 2022 Holy shit, $71.51 52-week high and it closed at $5.72 yesterday. Would have been a beautiful short though pubic_assistance and Kevin Slater 2 Link to comment Share on other sites More sharing options...
KeepItReal Posted June 24, 2023 Share Posted June 24, 2023 On 12/17/2022 at 8:59 PM, handiacefailure said: Holy shit, $71.51 52-week high and it closed at $5.72 yesterday. Would have been a beautiful short though Yeah, it hasn't gotten any better. https://www.cnbc.com/2023/06/23/grindr-went-public-7-months-ago-heres-whats-happened-since.html?&qsearchterm=grindr handiacefailure 1 Link to comment Share on other sites More sharing options...
Pd1_jap Posted June 24, 2023 Share Posted June 24, 2023 Invest in the companies and products you use. If you pay for Grindr's services you should prob invest. I haven't used Grindr for over a year so I'm staying away. On the other hand, bank stocks have only increased marginally in five years. Does anyone think the value will fall? pubic_assistance 1 Link to comment Share on other sites More sharing options...
+ BenjaminNicholas Posted June 28, 2023 Share Posted June 28, 2023 Little known fact: If you own GRND stock, they put a little flashing gold square around your grid profile photo. + DERRIK, + Vegas_Millennial and + muscleboyinsd 1 2 Link to comment Share on other sites More sharing options...
edinbrooklyn Posted June 28, 2023 Share Posted June 28, 2023 On 6/24/2023 at 12:47 PM, KeepItReal said: Yeah, it hasn't gotten any better. https://www.cnbc.com/2023/06/23/grindr-went-public-7-months-ago-heres-whats-happened-since.html?&qsearchterm=grindr Fallen on hard times? They barely held that top. Forgive me! BonVivant 1 Link to comment Share on other sites More sharing options...
KeepItReal Posted June 28, 2023 Share Posted June 28, 2023 On 6/24/2023 at 1:44 PM, Pd1_jap said: Invest in the companies and products you use. If you pay for Grindr's services you should prob invest. I haven't used Grindr for over a year so I'm staying away. On the other hand, bank stocks have only increased marginally in five years. Does anyone think the value will fall? You sound like Peter Lynch (Buy what you know). I am more of a John Bogle man myself (Own the entire stock market). Link to comment Share on other sites More sharing options...
Pd1_jap Posted June 28, 2023 Share Posted June 28, 2023 4 minutes ago, KeepItReal said: You sound like Peter Lynch (Buy what you know). I am more of a John Bogle man myself (Own the entire stock market). Then you have deeper pockets than I. Lol I understand you're referencing ETF funds. But it reads as though you want to own the whole market. Link to comment Share on other sites More sharing options...
Xander Posted July 3, 2023 Share Posted July 3, 2023 I bought in at the IPO and am still wondering WTF they are doing with the money. In 20 years they’ve added maybe three features to the platform. And messages still can’t sync well across devices. Unfortunately they are the largest with the most active base. Link to comment Share on other sites More sharing options...
handiacefailure Posted July 4, 2023 Share Posted July 4, 2023 On 7/3/2023 at 8:28 AM, Xander said: I bought in at the IPO and am still wondering WTF they are doing with the money. In 20 years they’ve added maybe three features to the platform. And messages still can’t sync well across devices. Unfortunately they are the largest with the most active base. Hope you didn't invest money in it you can't afford to lose. Would have been a great short. Problem with those websites is they come and go. Look at how popular Manhunt and adam4adam were and I can't remember the laost time I was on either Link to comment Share on other sites More sharing options...
Pd1_jap Posted July 4, 2023 Share Posted July 4, 2023 There seems to be a cycle with these hookup apps. Launch with very few users... Eventually the in-crowd joins and it becomes the go-to hookup app... Popularity becomes the biggest problem, trolls, catfish, drug dealers, and prostitutes oh my... Sooner or later the fake profiles and flakes outnumber the active users... Active users get frustrated and angry then go find the next great hookup app... And on and on we go, where we stop, nobody knows 😘 Link to comment Share on other sites More sharing options...
+ BenjaminNicholas Posted July 5, 2023 Share Posted July 5, 2023 Grindr has outlived and thrived when many have shuttered and been forgotten. It remains the de facto in most major cities. I wouldn't buy into them thinking you're going to see your money's worth anytime soon. Link to comment Share on other sites More sharing options...
BonVivant Posted July 27, 2023 Author Share Posted July 27, 2023 On 7/3/2023 at 8:28 AM, Xander said: I bought in at the IPO and am still wondering WTF they are doing with the money. In 20 years they’ve added maybe three features to the platform. And messages still can’t sync well across devices. Unfortunately they are the largest with the most active base. The IPO is a get rich scheme for the financiers who funded the buy out. Then they offload their shares on the public bag holders. Link to comment Share on other sites More sharing options...
edinbrooklyn Posted July 27, 2023 Share Posted July 27, 2023 3 hours ago, BonVivant said: The IPO is a get rich scheme for the financiers who funded the buy out. Then they offload their shares on the public bag holders. As every girl knows (or at a time did), it’s all about pulling out at the right time. + Vegas_Millennial and BonVivant 1 1 Link to comment Share on other sites More sharing options...
Thomas_Belgium Posted June 28 Share Posted June 28 Grindr will use AI: https://investors.grindr.com/files/doc_presentation/2024/06/Grindr-Investor-Day-6-26-2024.pdf (page 31) Link to comment Share on other sites More sharing options...
+ BenjaminNicholas Posted June 28 Share Posted June 28 52 minutes ago, Thomas_Belgium said: Grindr will use AI: https://investors.grindr.com/files/doc_presentation/2024/06/Grindr-Investor-Day-6-26-2024.pdf (page 31) Does this mean I'll soon be sticking my dick in a disc drive? Link to comment Share on other sites More sharing options...
Beancounter Posted June 28 Share Posted June 28 https://markets.businessinsider.com/news/stocks/grindr-s-growth-and-market-position-solidify-buy-rating-with-increased-price-target-1033510574 Just presenting a recent article on Grindr’s stock. Certainly NOT a recommendation from me to buy. Knowledge is power. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now