PR NEWSWIRE - July 5 - "With the acquisition of Vespa, Hornet will provide the most innovative set of apps to the 250M strong consumer segment of gay men worldwide, and will be able to extend its innovation lead by integrating gay places and events in 300 cities in 70 countries worldwide into its products." Vespa's founder and CEO Christof Wittig, who co-founded Hornet in 2011, has been appointed the new CEO, while co-founder Sean Howell is now Chairman and President of Hornet. With 15M total and 3M monthly active users, Hornet is the second largest gay social network worldwide after Grindr.
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Summarized by the Courtland Brooks team
