Grindr Will Be Auctioned Off Due to National Security Concerns

[PupCamo]

https://www.advocate.com/business/2019/3/27/grindr-will-be-auctioned-due-national-security-concerns

A 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 committee’s 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.

[gay texan]

1. The Chinese owned Grindr?

Wtf???

[Lindsay]

3. Capitalism.

How could anything go wrong?

[PupCamo]

4. I know

why would a Chinese company buy an American hook up site except to exploit that data on the site

[Kurt V.]

2. data to be auctioned off. mmmm

[DavidDvorkin]

5. To bid, swipe right.