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Grindr stock has lost more than 80% amid a 6-day losing streak

Grindr stock has lost more than 80% amid a 6-day losing streak

Shares of Grindr Inc. tumbled 13.3% in afternoon trading Tuesday, putting them on track for a sixth-straight loss. The stock has fallen every day since it skyrocketed 213.8% on Nov. 18, which was the first day the LGBTQ social networking platform started trading under the "GRND" ticker, after the completion of the merger with special purpose acquisition company (SPAC) Tiga Acquisition Corp. The stock has plummeted 80.5% since Nov. 18.