Before the year is over, we must take one last glance at a company which, not that many years ago, would never have seen as a plausible candidate for a public offering. That is, the anonymous gay sex app known as Grindr (symbol GRND) which, denied the opportunity to issue a normal IPO, took the back entrance by way of a SPAC with predictable results. It is down 94% from its IPO high, only weeks ago. Why people keep buying stuff like this is quite beyond me.
