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iN420 - Canopy Growth signs deal worth $435 million to buy Supreme Cannabis
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Canopy Growth signs deal worth $435 million to buy Supreme Cannabis
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(This March 10 story corrects paragraph six to clarify that women are required to make the first move)
FILE PHOTO: The Bumble Inc. (BMBL) app is shown on an Apple iPhone in this photo illustration as the dating app operator made its debut IPO on the Nasdaq stock exchange February 11, 2021. REUTERS/Mike Blake/Illustration
(Reuters) - Bumble Inc on Wednesday said it expects pent up demand from people who had been avoiding dating in person due to the COVID-19 pandemic, after it reported a bigger-than-expected rise in fourth-quarter revenue.
Dating apps have benefited from social distancing restrictions that made people yearn for company as casual gatherings with friends and family became a rarity.
By Sohini Podder (Reuters) - Bumble Inc on Wednesday said it expects pent up demand from people who had been avoiding dating in person due to the COVID-19 pandemic, after it reported a bigger-than-expected rise in fourth-quarter revenue. Dating apps have benefited from social distancing restrictions that made people yearn for company as casual gatherings with friends and family became a rarity. The company said it will build its friendship product Bumble BFF beyond its minimum viable offering as it expects friendships and platonic relationships at large to be a massive opportunity going forward. Texas-based Bumble expects current quarter revenue to be in the range of $163 million and $165 million.
Dating app Bumble expects pent up demand due to pandemic
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