BlueCity Holdings, the largest LGBTQ platform announced Wednesday it will acquire Finka, a leading gay social networking app in China targeting younger generations for million yuan. It's the second acquisition BlueCity has initiated since the company listed on Nasdaq in July. The transaction is subject to customary closing conditions that are expected by mid-December. The company's IPO and further expansion is supported by the booming "pink economy". Finka had over 2. The majority of the app's users are born after and are from China's first-tier cities.
Gay Dating App Grindr Produces Original Scripted Series ‘Bridesman’
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Like many other apps, Grindr shared personal data like location data or the fact that someone uses Grindr to potentially hundreds of third parties for advertisment. Background of the case. Grindr was directly and indirectly sending highly personal data to potentially hundreds of advertising partners. Every time a user opens Grindr, information like the current location, or the fact that a person uses Grindr is broadcasted to advertisers. This information is also used to create comprehensive profiles about users, which can be used for targeted advertising and other purposes.
Norway to fine dating app Grindr $11.7M over privacy breach
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