NYSE:GRND

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Grindr Settles UK Privacy Lawsuit for £26 Million

Grindr (NYSE: GRND) has reached a settlement in a UK group action concerning historical data practices before 2020, agreeing to pay a total of £26 million to resolve the litigation.

The case was brought on behalf of UK Grindr users and alleged violations of UK privacy laws relating to a period when the company was owned and controlled by Chinese conglomerate Kunlun. Grindr said the settlement includes no finding or admission of liability and that it continues to dispute the allegations.

Under the agreement, Grindr will pay £13 million by December 31, 2026, followed by another £13 million by March 31, 2027. Based on the exchange rate cited in the filing, each payment is worth approximately $17.6 million, putting the total at roughly $35.2 million.

Grindr Highlights Privacy Changes Since 2020

The company emphasized that its ownership and management have changed since the period covered by the lawsuit. Grindr said it has overhauled its privacy program since 2020, focusing on transparency, user control and responsible data practices.

The settlement removes a legal overhang related to Grindr’s historical operations while creating approximately $35 million in scheduled cash payments over the next two quarters.
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Author
The Investor 09-06-26
Grindr (GRND) Stock Jumps After Morgan Stanley Upgrades Shares to Overweight

Grindr (NYSE: GRND) shares climbed approximately 9% on Wednesday after Morgan Stanley upgraded the dating app operator to Overweight from Equal Weight and raised its price target to $18 from $15.

The upgrade reflected growing confidence in Grindr's ability to expand revenue through product innovation, improved user monetization, and continued growth in its subscription business.

Morgan Stanley analyst Nathan Feather upgraded the stock while increasing the firm's price target by 20%, signaling that the brokerage sees additional upside despite the stock's recent gains.

Grindr has been benefiting from stronger user engagement and ongoing investments in premium features and AI-powered products, which analysts believe could support higher average revenue per user and long-term earnings growth.

# Why GRND Stock Rose

Investors reacted positively to several developments:

* Morgan Stanley upgraded Grindr to Overweight from Equal Weight.
* The firm raised its price target to $18 from $15.
* The upgrade reflected increased confidence in the company's monetization strategy and growth outlook.
* Investors remain optimistic about the long-term opportunity for premium subscriptions and new product initiatives.
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Author
WS Investor 07-02-26