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Grindr Inc. - GRND STOCK NEWS

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Grindr Inc. (symbol: GRND) is a leading social networking app specifically designed for gay, bi, trans, and queer individuals. The platform provides a secure and discreet environment where users can connect without the need to share personal information. Founded with the mission to bring together like-minded individuals, Grindr has grown to become a significant player in the social networking space.

As an agile company, Grindr is known for its focus on engineering excellence. The team employs pair programming and behavior-driven development (BDD) principles to ensure high-quality software development. With a robust testing framework that achieves over 90% test code coverage, the company guarantees a reliable and user-friendly experience.

Grindr's technology stack includes a powerful back-end built with non-blocking I/O Akka and the Scala framework. The business components are developed using Java, and the infrastructure is configured with Zookeeper to manage AWS Elastic Beanstalk clusters. This advanced setup supports the app’s high-performance requirements, including over 1 million active hourly users, 10,000 API calls per second, and 135 million chat messages per day.

The company leverages cutting-edge cloud computing and caching techniques to scale globally. Key technologies in their infrastructure include Redis, Elasticsearch, AMQP RabbitMQ, Amazon RDS, and DynamoDB. Additionally, MongooseIM, an Erlang-based platform, is used to manage chat functionalities, ensuring seamless user interactions.

Grindr has continually evolved to meet the needs of its user base, introducing new features and enhancements to improve the user experience. The app is available on both iOS and Android, powered by the Grindr 3.0 back-end, offering a consistent and high-performance experience across devices.

In recent years, Grindr has achieved several milestones, including expanding its user base, improving app performance, and forming strategic partnerships to enhance its offerings. As a publicly traded company, Grindr remains committed to maintaining its leadership position in the social networking space through continuous innovation and user-centric development.

Rhea-AI Summary
Grindr Inc. (NYSE: GRND) reported third-quarter revenue of $70.3 million, with a net loss of $0.4 million and an operating income of $16.6 million. The company also raised its FY 2023 guidance to 31% or greater revenue growth and 41%+ adjusted EBITDA margin. Grindr attributes its strong quarter to increased user engagement with new paid offerings.
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Grindr (NYSE: GRND) announces Tolu Adeofe as Director of Investor Relations, bringing over a decade of experience in technology and finance. Adeofe's role is crucial as Grindr aims to monetize its business and expand its platform and capabilities.
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Grindr Inc. announced the opening of a shareholder Q&A on the Say Technologies platform for its upcoming earnings release. Shareholders can submit and upvote questions to management until November 13, 2023. The live discussion of the third quarter 2023 earnings will take place on November 13, 2023.
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Grindr Inc. (NYSE: GRND) will release its financial results for the third quarter ended September 30, 2023, on November 13, 2023. The company will host a webcasted conference call to discuss its results.
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Grindr announces the addition of three senior executives: Zac Katz as General Counsel and Head of Global Affairs, Tristan Pineiro as VP of Brand and Communications, and Solmaz Shariat Torbaghan as Director of AI and Machine Learning. Katz brings two decades of experience and will lead the legal and global affairs team. Pineiro has over 20 years of brand building and communications experience. Shariat Torbaghan is a computer scientist with a background in AI technology. The hires reflect increasing diversity among the leadership team.
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Grindr CEO and CFO to participate in fireside chat at Goldman Sachs conference on September 5, 2023.
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Grindr Inc. reports Q2 revenue of $61.5M, net income of $22.3M, and operating income of $13.9M. Raised FY 2023 guidance to 28%+ revenue growth and 41%+ adjusted EBITDA margin.
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FAQ

What is the current stock price of Grindr (GRND)?

The current stock price of Grindr (GRND) is $13.935 as of November 5, 2024.

What is the market cap of Grindr (GRND)?

The market cap of Grindr (GRND) is approximately 2.4B.

What is Grindr Inc.?

Grindr Inc. is a leading social networking app designed for gay, bi, trans, and queer people to connect discreetly and securely.

What technologies does Grindr use?

Grindr uses a tech stack that includes Akka, Scala, Java, Zookeeper, AWS, Redis, Elasticsearch, RabbitMQ, Amazon RDS, DynamoDB, and MongooseIM.

How does Grindr ensure high-quality software?

Grindr employs pair programming and behavior-driven development principles, achieving over 90% test code coverage to ensure high-quality software.

How many active users does Grindr have?

Grindr supports over 1 million active hourly users.

How many messages are sent on Grindr daily?

Grindr users send over 135 million chat messages per day.

What platforms is Grindr available on?

Grindr is available on both iOS and Android platforms.

What is the purpose of Grindr?

Grindr aims to provide a safe and discreet environment for LGBTQ+ individuals to connect and interact.

How does Grindr manage its infrastructure?

Grindr uses advanced cloud computing and caching techniques to manage its global infrastructure.

What recent achievements has Grindr accomplished?

Grindr has expanded its user base, improved app performance, and formed strategic partnerships to enhance its offerings.

Is Grindr publicly traded?

Yes, Grindr Inc. is a publicly traded company with the symbol GRND.

Grindr Inc.

NYSE:GRND

GRND Rankings

GRND Stock Data

2.37B
175.99M
85.7%
10.84%
2.46%
Software - Application
Services-computer Programming, Data Processing, Etc.
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United States of America
WEST HOLLYWOOD