We came across a bullish thesis on Grindr Inc. on Bristlemoon Capital’s Substack. As of 9ᵗʰ July, Grindr Inc.’s share was trading at $22.13. GRND’s forward P/E was 50.30 according to Yahoo Finance.
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Grindr (GRND), a dating app primarily for gay and bisexual men, has established a monopoly in its niche market. The app’s user base spans over 190 countries, with 14.7 million monthly active users (MAUs). Grindr’s product design emphasizes speed and proximity, allowing users...