Grindr: A Shareholder’s Disquiet
Transaction value is calculated based on the SEC Form 4 weighted average price of $10.07. Post-transaction value reflects the share count after the sale, at the reported closing price.
Transaction value is calculated based on the SEC Form 4 weighted average price of $10.07. Post-transaction value reflects the share count after the sale, at the reported closing price.

The logic, as far as I can tell, is simple. People, generally, like going places. Even the ones who claim they don’t are usually just waiting for a good deal and a complimentary breakfast buffet. And as the global middle class swells – a phrase that always sounds vaguely ominous – more people will have both the means and the desire to inflict themselves upon various tourist destinations. It’s not necessarily a pretty picture, but it’s a predictable one. Carnival and Hyatt, it seems, are positioned to profit from this impending wave of humanity. They’re not curing cancer, but they are facilitating the pursuit of slightly better Instagram photos.

This stock was briefly trading at levels that suggested everyone thought Duolingo was going to solve world peace and teach everyone Klingon. A little rich, even for a language learning app. But to see it crater to around $100? That’s like throwing out the baby with the Rosetta Stone. It’s overdone. And as someone who likes a good return on investment, I’m taking notice.

These instruments, promising amplified returns, are, in truth, treacherous things. Like a beautifully crafted mirror, they reflect not reality, but a distorted, accelerated version of it. Even wielded with the best intentions, they possess a capacity for swift, dramatic loss. The ancient wisdom – know what you are investing in – is here not a suggestion, but a desperate plea for self-preservation.

Our dear Standard Chartered, in their infinite wisdom, have pulled back their lofty dog‑bane prices for the big digital hats: Bitcoin, Ethereum, XRP, and Solana. After all, nothing says ta‑ta to optimism like tripping over the next few months, right? They published this gloomy piece on February 12, slapping lower numbers onto those tokens and letting us know that near‑term capitulation appears to loom over the entire market.

Year-to-date, XRP has experienced a decline of approximately 25%. The question for investors is whether this represents a transient correction or the commencement of a sustained downtrend.

Behold, the crux of the matter.
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Nvidia, of course, gets all the glory. A perfectly respectable company, mind you, but one that’s become rather…distracted by its own success. A bit like a dragon admiring its hoard instead of guarding it.1 The true unsung heroes, the quiet artisans, are those who supply the raw materials. And that, my friends, brings us to Micron Technology.

One does not simply avoid mentioning Nvidia when discussing exponential growth. It’s rather like trying to ignore a particularly loud dragon. The company is currently riding the crest of the Artificial Intelligence wave, churning out the silicon brains that power these new digital entities. Billions are being invested in AI infrastructure, and Nvidia is, shall we say, well-positioned to benefit. The future, it seems, will be powered by their chips, and possibly a worrying amount of electricity.2

Kyndryl released its quarterly report, a document ostensibly intended to illuminate performance. However, the illumination proved insufficient, casting instead a longer, more unsettling shadow. The reported figures, while technically quantifiable, failed to align with the projections that had, through a series of increasingly complex calculations, become the accepted reality. A lowering of forward guidance accompanied the report, a tacit admission of an inability to navigate the labyrinthine corridors of future performance.