Bumble IPO: The female founder behind the dating app making market history

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Bumble joins a small but growing list of female-founded companies to IPO, which includes Stitch Fix founder Katrina Lake and the RealReal’s Julie Wainwright.

Although physical dating will return in the long-run, she added that pandemic is giving users opportunities to spend more time getting to know one another before they "hop into a coffee shop or bar," which adds to the level safety and security the platform has worked to create since the beginning.

WSJ's Forman called the company's 70% revenue growth in 2019 "eye-popping," but argues it's slim in comparison to Tinder, which grew 138% at the "age equivalent time period." Women, she added, want to be on the platform where the most men are, and while Bumble's female-driven first-move could be a "fantasy" for some men, for the vast majority it's "a tough sell.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Uh dog shit stock, lol. Oh a dating app is worth billions, LMFAO. Idiots. Oh offense intended to the dumb dumbs that are buying it.

I wonder if it will work because lot of women don’t like making the first move. It’s sorta counter to the last several millennia of dating .

Bumble is all bots

Send this shit to the moon🚀🚀

$BMBL interface reminds me of eHarmony back in 2016 - It’s my turn to speak, no it’s your turn to speak. The homerun is it deletes matches that you didn’t have time for and puts them back in the deck for when you do have time. 🤔

13-14 times sales at the opening day. Good for her but the valuation is unbelievable unless they find a lot more ways to make money.

No offense, but all three of these companies (particularly first two) are ridiculously overvalued with terrible balance sheets, and stagnating growth..

That app is a scam I don't even think women use it

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines