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☆ Dating app Bumble will no longer require women to make the first move
▼ + stars: | 2024-04-30 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —Ten years after creating a new model for dating apps with its “women make the first move” feature, Bumble is opening the door to men starting conversations on its platform. Bumble is rolling out a new feature called “opening moves” that will let female users set a prompt to which male suitors can respond to initiate a conversation. The feature reverses a longstanding requirement by the app that women send the first message to their matches, which Bumble said gave women more power over their dating lives. Jones sees the Bumble redesign as a way to help the platform meet that moment. The changes could be key to returning Bumble — which also owns dating apps Badoo and Fruitz — to profitability after it posted a $1.9 million net loss last year.

Persons: Bumble, Lidiane Jones, Whitney Wolfe, Jones, ” Jones, ”, “ Organizations: New, New York CNN, CNN, Wall Street Locations: New York

☆ Bumble forecasts weak fourth-quarter revenue, shares fall
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

Match last month, however, forecast fourth-quarter revenue below market estimates, reflecting the impact of a strong dollar and risk to revenue from Israel against the backdrop of the Middle East conflict. Total paying users across Bumble's apps including Badoo and Fruitz increased to 3.8 million in the third quarter, compared with 3.3 million a year earlier. Austin, Texas-based Bumble expects revenue for the quarter ending Dec. 31 to be between $272 million and $278 million, compared with analysts' estimates of $285.9 million, according to LSEG data. Total average revenue per paying user increased to $23.42 in the third quarter, compared with $22.96 a year earlier. The company posted revenue of $275.5 million, compared with estimates of $277 million.

Persons: Mike Segar, Bumble, Whitney Wolfe, Lidiane Jones, Jaspreet Singh, Shounak Dasgupta, Shilpi Majumdar Organizations: Nasdaq, Inc, REUTERS, Wall, Slack, Match, Thomson Locations: New York City , New York, U.S, Israel, Middle East, Austin , Texas, Bengaluru

☆ Bumble shares drop as founder Wolfe Herd to relinquish CEO role
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] Bumble CEO Whitney Wolfe Herd has her photo taken on the red carpet after arriving for the TIME 100 Gala in Manhattan, New York, U.S., April 24, 2018. She will take over on Jan. 2, while Wolfe Herd will remain executive chair. "Lidiane's expertise and track record in product and technology is exceptional," said Wolfe Herd as the company looks to adopt artificial intelligence across its products. Wolfe Herd, 33, launched the company in 2014 after an acrimonious departure from Match Group-owned rival app Tinder, which she had co-founded. This is the second big executive departure this year at Bumble following the exit of President Tariq Shaukat, who stepped down after three years in the role.

Persons: Bumble, Whitney Wolfe Herd, Shannon Stapleton, Whitney Wolfe, Lidiane Jones, Jones, Slack, Wolfe, Wolfe Herd, Gen, Tariq Shaukat, Yuvraj Malik, Maju Samuel, Arun Koyyur Organizations: REUTERS, Microsoft, Match Group, Bumble, Thomson Locations: Manhattan , New York, U.S, Eastern Europe, Bengaluru

☆ How Whitney Wolfe Herd's fateful deal with a Russian mogul deprived early Bumble employees of a stock windfall when she became a billionaire
▼ + stars: | 2023-11-06 | by ( Ben Bergman | ) www.businessinsider.com time to read: +23 min

I'm fucking done," she told a reporter at Time, who described Wolfe Herd as "blinking back tears" during the interview. "My hands are tied," Wolfe Herd told the audience, according to several people who were in the room. Wolfe Herd once called him her biggest mentor, saying, "He's become my family and one of my best friends." Some early employees said they only found out about the shadow-equity program, and who received it, years later. Based on the current share price, Wolfe Herd is no longer a billionaire, though her fortune still sits at an estimated $627 million.

Persons: Whitney Wolfe Herd, Andrey Andreev, Wolfe Herd, Bumble, Whitney Wolfe, Wolfe, Bumble wasn't, Charley Gallay, I've, Robbie McKay, McKay, Jerod Harris, Sarah Mick, Bumble's, That's, Mick, Justin Mateen, Tinder, Antoine Antoniol, Andreev, What's, He's, —, Jody Thelander, Alexandra Williamson, Samantha Fulgham, Chelsea Maclin, Caroline Ellis Roche, Michael Herd, they'd, Taylor, they're, Vivien Killilea, didn't, Charles Elson, Elson, Blackstone, Forbes, Ben Bergman Organizations: Worldwide Vision, Nasdaq, Carlton, Getty, Fortune, Andreev's, TechCrunch, Southwest, telltale, Founders, Chelsea, Austin, Ritz, Mailchimp, Intuit, University of Delaware, Twitter Locations: Russian, Austin, Los Angeles , California, Bumble, Northern California, Deer Valley , Utah, Punta Mita , Mexico, Tinder, London, Bermuda, WVL, San Francisco, Texas, Positano, Italy, Bay, Atlanta, MagicLab, Badoo, bbergman@insider.com

☆ Bumble founder Whitney Wolfe Herd steps down as CEO. She’ll be replaced by Slack’s leader
▼ + stars: | 2023-11-06 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Bumble founder Whitney Wolfe Herd is stepping down as chief executive after nearly a decade running the dating app company. Wolfe Herd will remain at Bumble as executive chair. Wolfe Herd started her career at rival dating service Tinder, which she co-founded. Today, Bumble is the parent company of four apps — Bumble, Official, Badoo and Fruitz — and the Bumble app has expanded to include features to help people find friends and professional connections. When Bumble made its initial public offering in 2021, Wolfe Herd, then 31, became one of the world’s youngest self-made female billionaires.

Persons: Bumble, Whitney Wolfe, Wolfe, Lidiane Jones, Slack, ” Wolfe Herd, Jones, Wolfe Herd, Andrey Andreev, Andreev, —, Salesforce, Sonos, ” Jones Organizations: New, New York CNN, Wall Street, Group, Microsoft, Bumble Locations: New York

☆ Bumble CEO: Here are the 'crazy hacks' I used to grow my app into a $1.9 billion company—one of them cost only $20
▼ + stars: | 2023-10-15 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Bumble had a "modest budget" at the time, Wolfe Herd said in a MasterClass course released on Thursday. Instead of traditional marketing campaigns, Wolfe Herd put together a series of "crazy hacks" to drum up interest in her Austin, Texas-based startup, she said. Wolfe Herd used a similar tactic with college fraternities, dropping off pizza with branded bumblebee stickers slapped onto the cardboard boxes. For Wolfe Herd, the momentum was validating. Seven years after launching the app, Wolfe Herd became the youngest female founder in history to take a company public.

Persons: Whitney Wolfe Herd, Bumble, Wolfe Herd, —, Fortune, Andrey Andreev, Forbes, She'd, Wolfe Organizations: Badoo, Aspen Ideas, Bumble Inc, CNBC Locations: Austin , Texas, Aspen , Colorado

☆ Bumble declines as higher expenses fan concerns about Tinder competition
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +2 min

Rival Match (MTCH.O), owner of Tinder, also forecast revenue for the third quarter above Wall Street estimates last week, expecting stronger marketing to drive user growth. Bumble App revenue grew 23.4% to $208 million in second the quarter, compared with $168.5 million a year earlier. Total revenue jumped 18.5% to $259.7 million, compared to $219.2 million, a year earlier. But Bumble forecast third-quarter revenue between $274 million and $280 million, a marginally higher midpoint compared with Wall Street expectations of $275.6 million, according to Refinitiv IBES data. Net earnings stood at $9.3 million, compared with a net loss of $5 million.

Persons: Mike Blake, Tinder, Nicholas Cauley, Bumble, we've, Whitney Wolfe, Manya Saini, Shinjini Organizations: Inc, Apple, Nasdaq, REUTERS, Tinder, Thomson Locations: Bengaluru

☆ Microsoft Employees Are Hooked on the Company’s Training Videos
▼ + stars: | 2023-05-10 | by ( Dylan Tokar | ) www.wsj.com time to read: 1 min

Like other aspiring actors, Devin Badoo makes ends meet working on TV commercials, including as dads hawking Loctite glue and Hot Wheels toys. Office theatricsWhat Hollywood producers might not know is that Mr. Badoo is already the star of a hit show—just not one they would ever see. The 35-year-old plays Nelson, one of the most popular characters of “Trust Code,” a series of Microsoft compliance training videos that has made him a celebrity among the company’s 221,000 employees in 190 countries.

☆ Bumble posts robust quarterly revenue on sustained user spending
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

May 4 (Reuters) - Bumble Inc (BMBL.O) beat estimates for first-quarter revenue on Thursday as user spending on its dating app remained strong despite a looming recession, sending the company's shares up 4.6% in aftermarket trading. The parent company of the eponymous dating app, Badoo, and Fruitz, benefited from strong user growth during the quarter as more people opted to pay to find love and companionship. The company reported revenue of $242.9 million in the quarter ended March 31, compared with analysts' estimates of $241.0 million, according to Refinitiv data. Bumble, however, reported its slowest revenue growth since going public in February 2021, with first-quarter revenue rising 15.7% year-over-year. Total paying users increased to 3.5 million in the reported quarter, from 3 million a year earlier.

☆ Citi says it's time to buy Bumble, predicts stock could rally more than 20% as dating app captures market share
▼ + stars: | 2023-03-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

It's time for investors to consider scooping up shares of Bumble , Citi says. Analyst Ygal Arounian initiated coverage of the dating app maker with a buy rating, saying in a Friday note that it offers one of the best growth rates within the Wall Street firm's Internet sphere. Bumble shares have fallen 8% this year, following a roughly 38% pullback in 2022. Despite the drop in shares, Arounian placed a $24 price target on the dating stock, implying nearly 24% upside from Thursday's close. Arounian also views Bumble's "women first" messaging and push toward younger audiences as additional positives for the stock going forward.

☆ Bumble positive on 2023 as user growth defies economic gloom
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +2 min

Bumble forecast 2023 revenue growth between 16% and 19%, the midpoint of which was higher than analysts' estimates of 16.97%, according to Refinitiv data. Revenue at Badoo and its other apps, which accounts for nearly one-fifth of the total, fell 11.9% to $50.8 million. The company also said it expects paying users will continue to drop at Badoo - which has a more economically sensitive user base and has a large presence in Western Europe. In the last three months of 2022, Bumble's total paying users increased to 3.4 million from 3 million a year earlier. Quarterly net loss widened to $159.2 million, or 85 cents per share, from $13.9 million, or 7 cents per share, a year earlier.

☆ Bumble shares tumble after weak fourth-quarter revenue forecast on forex hit
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

Bumble also faces competition from larger rival Match Group Inc (MTCH.O), which topped revenue estimates last week on the back of a jump in paying users for its flagship app Tinder. Bumble now expects current-quarter revenue between $232 million and $237 million, compared to Wall Street's estimates of $254.5 million, according to Refinitiv data. Earlier in March, Bumble said it is discontinuing operations in Russia, including the removal of all of its apps from Apple App Store and Google Play Store in Russia and Belarus. Bumble, which made its market debut in February 2021, said its total paying users increased to 3.3 million during the quarter. Reporting by Vansh Agarwal and Shreyaa Narayanan in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

A crescut impresionant și rata vaccinării cu 94% în rândul tinerilor de 16 și 17 ani și cu 46% – pentru tinerii de 18 și 19 ani. Numărul persoanelor cu vârsta cuprinsă între 20 și 55 de ani a crescut cu 55 la sută de la anunțarea loteriei. Banii de la loterie vor fi alocați din fondurile federale destinate luptei cu coronavirusul al statului Ohio. Inițiativa, chiar dacă a prezentat rezultate bune, a fost criticată de parlamentarii din ambele tabere politice, considerând-o risipă a banilor contribuabililor. De exemplu, au fost făcute studii în baza programelor de stimulare combinate cu alte strategii de promovare a vaccinării.

Organizations: Albă, NBC News, CNN Locations: SUA, Ohio, York, Maryland, Hinge, OKCupid, BLK, Chispa, Dispatch

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