REUTERS - July 7 - Grindr was approved for a $1M to $2M loan for small businesses suffering from the coronavirus outbreak. China's Beijing Kunlun Tech sold Grindr last month to an investor group called San Vicente Acquisition, after the U.S. government ordered the divestment amid concerns over the safety of personal data stored in the app. Grindr generated net profit of ~$31M in 2019, according to Kunlun's annual report.
by Echo Wang
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