Grindr Sees Large Healthcare Revenue Opportunity, Morgan Stanley Says
Dow Jones
Sep 09
1440 ET - Grindr could end up as a healthcare business with a dating app attached. The company has already ventured into telehealth with its Woodwork business, which supplies performance medications for erectile dysfunction and other treatments. But Grindr's "healthcare aspirations are much larger than Woodwork," Morgan Stanley analysts say in a note, following meetings with Grindr leadership. "Management believes the health revenue opportunity could be larger than the core business in time." The company is looking to expand into STD prevention & management, and eventually seeks to provide broad clinical services for its users.
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