What happened to Bumble's stock?

Since its initial public offering (IPO) in 2021, where it debuted at $75 per share, Bumble's stock has significantly declined, reaching a low of $10.04 on April 16. Despite having a 10% revenue growth in Q1 of 2024, the company missed revenue estimates, prompting the stock price to drop by 14.80% as of February 28. Keep Reading:

Why did bumble's ad campaign backfire?

Bumble (NASDAQ:BMBL), recently launched a series of billboard advertisements across Los Angeles to encourage women to reenter the dating scene. However, the campaign backfired, drawing significant backlash for its perceived insensitivity toward women’s personal choices.

Why is Bumble rebranding?

Bumble has recently been rebranding itself to alleviate the pressure on women to make the first move in the dating process. Trending: Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US. Investing in its booming real estate market has never been more accessible.