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Chinese Company to Sell Grindr After U.S. Government Scrutiny

A U.S. panel found national security red flags in an unlikely source: gay hookup app Grindr. The Committee on Foreign Investment in the United States, or CFIUS, an interagency group that reviews the national security implications of certain foreign investments into U.S. companies, appears to have forced Grindr’s owner Beijing Kunlun Tech to sell the popular app, Reuters reported. The episode...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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