Grindr Under Fire for Allegedly Inflated User Metrics and SEC Investigation

Grindr Inc. is accused by short-selling firm Ningi Research of inflating user metrics, hiding an SEC investigation, and suffering from a deteriorating product while insiders sell off $236 million in shares. Ningi alleges that Grindr quietly redefined its key metric, Average Paying Users, to count daily purchases rather than unique monthly users, and that the company's aggressive monetization tactics have created a "short-term sugar high" in revenue that masks a collapsing user base. The firm also claims that Grindr's app is plagued by technical glitches and that insiders have been "racing for the exits" while the user base revolts.