Thirty-one theses on dating capitalism

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THESIS XV

PART TWO — THE GRID

The risk is distributed globally and the revenue is not.

Exposure travels everywhere. Monetisation remains concentrated where visibility is safer.

Grindr states that it has users in more than 190 countries and territories, and that North America and Europe generated eighty-four percent of total revenue in the first half of 2025. The users who face criminal penalty, extortion or violence for appearing on the grid are concentrated in the jurisdictions that contribute least to the income statement. The exposure travels everywhere; the monetisation stays where it is safe to be visible.

EVIDENCE SNAPSHOT

190+

GLOBAL REACH

Service availability across countries and territories

84%

NA + EUROPE

Revenue generated in North America and Europe

Global

RISK

Personal exposure is distributed across the global network

Few markets

REVENUE

Commercial returns remain concentrated in safer markets

KEY FINDING

Grindr states that it has users in more than 190 countries and territories, and that North America and Europe generated eighty-four percent of total revenue in the first half of 2025.

IMPLICATION

The greatest personal risk may be borne in markets generating the least revenue.

Source apparatus

SOURCE 01

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CORPORATE FILING

Grindr Inc. (2025). Quarterly report (Form 10-Q), period ended June 30, 2025. U.S. Securities and Exchange Commission.