Grindr heats up

After a mostly terrible ride on the stock market — during which its price dropped more than 70 percent — Grindr finally got some love. TD Cowen gave the dating app company its first buy rating since its de-SPAC in November 2022. Its stock jumped on the news — nearly putting it in territory of its struggling dating app peers. Cowen’s analyst, however, thinks there’s more to love about Grindr than other dating apps: “Grindr’s social dating app targets a global LGBTQ+ demographic which is growing faster than the overall population.”