Bumble Inc (NASDAQ:BMBL) shares dropped 6% in premarket trading following the news that founder Whitney Wolfe Herd will step down as CEO. Her successor,.
In the recent years, Bumble, which counts Friends, Badoo, Fruitz (for Gen Z) and Official in its portfolio of dating services, has faced pressure to grow due to unrest in some markets like the Eastern Europe and competition from larger rival Match.