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Stock impact report

Whitney Wolfe Herd is back as Bumble's CEO, says she experienced complete ‘ego death,' and is turning the dating app into the ‘Love Company' [Yahoo! Finance]

Bumble Inc. - common stock (BMBL) 
Company Research Source: Yahoo! Finance
she flashily brought in new CEO Lidiane Jones in 2023 to herald the public company's next era, she now says she was essentially burnt-out by then. “I had been going for about 10 years straight,” she says. “I'd been in this long-term relationship with Bumble, and it was time for a break.” Wolfe Herd instead served as the company's board chair while it encountered a challenging market: Its share price nose-dived—down more than 90% from its 2021 IPO high —Gen Z broke up with dating apps , and for the users who weren't lucky enough to find love, its app gained a reputation as, essentially, hellish . While Jones, a Microsoft alum and the former CEO of Slack under Salesforce , oversaw some core tech improvements, other changes during her tenure Read more
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