Grindr's Chinese parent company is looking to sell the app after a national security panel for the US government “raised concerns about its ownership” https://t.co/yPJqYl3rvV— NewNowNext (@NewNowNext) March 27, 2019
After a national security panel for the USA raised concerns over Beijing Kunlun Tech Co., Ltd., the Chinese company owning Grindr since 2016, for the data the app retrieves from users.
The specific concerns over the app were not divulged, but the U.S. has doubled down on apps that share users’ personal data, “especially if some of it involves U.S. military or intelligence personnel”.
The company said last year that it is preparing for an initial public offering (IPO) of Grindr. As a result of the panel’s intervention, Kunlun has now shifted its focus to an auction process to sell Grindr, given that the IPO would have kept Grindr under Kunlun’s control for a longer period of time.
This after a scandal last year about the app sharing the HIV status of users to other companies. The app has upwards of 3 million daily users with it being the second most used of its kind in the world, behind the Beijing-based app Blued, which has more than 30 million users worldwide