NEW YORK, NY / ACCESS Newswire / March 2, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bumble Inc. ("Bumble" or "the Company") (NASDAQ:BMBL). Investors who purchased Bumble securities prior to November 7, 2023, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BMBL.
Bumble on Friday named Ronald Fior, currently a partner of financial consulting firm FLG Partners, as the interim finance chief of the dating app operator, effective March 15.
On Wednesday at midday, the main U.S. stock indexes showed mixed results and did not change much as investors awaited the release of the minutes from the Federal Reserve's January meeting.
Bumble BMBL stock tanked after the company issued first-quarter revenue guidance below estimates and announced a quarter-over-quarter decline in paying app users.
Bumble Inc (NASDAQ:BMBL) shares plunged more than 26% after the social networking platform projected a decline in paying users and revenue for the first quarter. The company guided revenue in the range of $242 million and $248 million for Q1, below estimates of $257.2 million.
Investors are reacting strongly to earnings reports from Toll Brothers Inc (NYSE:TOL) and Bumble Inc (NASDAQ:BMBL), sending both stocks sharply lower in early trading.
Bumble is discontinuing its two acquired apps, the dating and relationship apps Fruitz and Official. The move was shared during the company's fourth-quarter earnings call on Wednesday.
NEW YORK, NY / ACCESS Newswire / February 19, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bumble Inc. ("Bumble" or "the Company") (NASDAQ:BMBL). Investors who purchased Bumble securities prior to November 7, 2023, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BMBL.
“Product-driven turnarounds take time,” said J.P Morgan.
Shares of Bumble Inc. slid after hours on Tuesday after the dating app forecast first-quarter sales that missed Wall Street's expectations, as it tries to reinvent itself to help users better connect.