bumble shares: Bumble shares drop as founder Whitney Wolfe Herd to relinquish CEO role
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.
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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.
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.
The operator of Bumble, Badoo, and Fruitz apps said its total operating costs rose more than 7% in the June quarter as it spent more on product development and marketing.
These tech stocks have major upside, according to Goldman Sachs analysts.