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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGrindr Will Be Auctioned Off Due to National Security Concerns
https://www.advocate.com/business/2019/3/27/grindr-will-be-auctioned-due-national-security-concernsA Chinese company that owns Grindr is being forced to sell the popular dating app following pressure from the U.S. government due to security risks.
Grindr, the world's largest app for queer people, will now be auctioned off, according to Reuters. Investment firm Cowen has already started shopping for buyers at Grindr executives request.
Sources say that the Committee on Foreign Investment grew agitated at Chinese ownership in part because the international sale skirted the committees review. Gaming company Beijing Kunlun bought a majority stake in Grindr, which operates out of West Hollywood, in 2016, and then acquired the entire company in 2017.
However, the federal agency immediately raised national security concerns about the financial situation. Now the committee is sounding the alarm over Chinese ownership of applications that track information on U.S. citizens through a forced sale.
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Grindr Will Be Auctioned Off Due to National Security Concerns (Original Post)
PupCamo
Mar 2019
OP
gay texan
(2,471 posts)1. The Chinese owned Grindr?
Wtf???
Lindsay
(3,276 posts)3. Capitalism.
How could anything go wrong?
why would a Chinese company buy an American hook up site except to exploit that data on the site
Kurt V.
(5,624 posts)2. data to be auctioned off. mmmm
DavidDvorkin
(19,485 posts)5. To bid, swipe right.