Friday, 12 Feb 2021 09:39 AM MYT
In an interview yesterday, Bumble chief executive Whitney Wolfe Herd said the global pandemic encouraged people to build a relationship and meet new people on their phones. Wolfe Herd, 31, has become one of the youngest female executives leading a public company. A co-founder of rival app Tinder, she later sued the company, alleging that her co-founders subjected her to sexual harassment. Tinder parent Match Group Inc, which denied the allegations, paid about US$1 million to settle the dispute.
In 2019, Blackstone paid about US$3 billion to acquire a majority stake in MagicLab, which owned the Bumble and Badoo apps at the time, from founder Andrey Andreev. Wolfe Herd was named Bumble’s chief executive officer after the deal.