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CFIUS’ concern about the dating application, Grindr, is arguably the first time CFIUS has taken interest/concern in a business that seemingly has no impact on national security.
It also represents a somewhat unusual instance where CFIUS is seeking to unwind a transaction after it was already completed.
You read it correctly: The United States Government has deemed an online dating application to be a national security concern.
The dating application Grindr has earned notoriety for being the gay equivalent to Tinder (a dating “hook up” application for straight people). The application boasts of having 27 million registered users as well as an average of 3.3 million daily users. CFIUS is the common name for the Committee on Foreign Investment in the United States.
In the case of Grindr, personal data protection, privacy, and limiting hacking have been elevated to national security concerns.
While data protection, particularly for trade secrets and intellectual property has historically been important, the Grindr case sets a precedent for more robust policing by CFIUS of foreign investors in United State companies that involve sensitive personal data on citizens/consumers.
(right) The classic 3-head setup here in Lyon, France 1971.Follow the Ascension Series guitar loudspeakers on their journey through our hand built production process to the finished product.We would like to thank 'The Holds' for allowing us to use their track 'Can't Go Back' taken from their self-titled debut EP. You will be the front of the company and have the dedication to create and apply an effective sales strategy.
We are pleased to announce the appointment of Thaddeus Sundar Raj as Sales and Business Development Manager, APAC.
He is the former chair of the Minnesota State Bar Association Technology Law Section, and frequently counsels clients on technology law matters, including CFIUS regulations.