A Grindr Inc. director earned more than $200,000 in short-swing trading profits that must be returned to the dating app company, two shareholders say in a new lawsuit.
George Raymond Zage III and his investment funds traded Grindr common stock and warrants between Aug. 21 and Sept. 15 without an exception, according to the complaint.
At a time when unions are fighting for workers' rights across the country and companies are responding by using tried-and-true union-busting techniques, the LGBTQ+ dating app Grindr has reportedly issued its employees an ultimatum: Move across the country to work in an office or lose your job.
Right on the heels of the workers announcing they were unionizing two weeks ago, Grindr sent out a new return-to-work policy that requires workers to either move within 50 miles of the company’s new offices or their jobs will end on August 31, according to Vice, who obtained a copy of the certification form sent to workers on Monday night.
Not an American resident, but from what I hear about your culture, 50 miles seems very close as a limit for distance. Even if it's direct and not road distance.
Two weeks after employees filed to organize, the company told most they had to change cities or would lose their jobs. It said the plan had long been in the works.
George Raymond Zage III and his investment funds traded Grindr common stock and warrants between Aug. 21 and Sept. 15 without an exception, according to the complaint.