Bumble Stock: Is It a Buy, Hold or Sell? gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.
Bumble, a Humble Dating App, Is a $13bn Tech Corporation Today: The Full Journey
FOLLOW US ON:
Bumble dating app is enjoying quite the spotlight after its CEO Whitney Wolfe Herd recently became the youngest self-made woman billionaire in the world. Although the app has been around since 2014, Herd took the company public in the US last week where its shares soared over 76 percent in its trading debut to $76 (approx Rs 5,500), valuing the 31-year-old at $1.5 billion who owns 11.6 percent stake. The company s own market value soared more than $13bn after listing shares. But apart from the recent success, Bumble has been well-known in the dating app segment for the last few years and also enjoys huge popularity among customers in India. The app has been described as a feminist dating platform by Herd, as it empowers women to take control over their matches and conversations. It essentially pursues women to make the first move, among other controls.
Bumble has a path to justify its IPO price, says New Constructs CEO David Trainer,. The dating app will need to sweep up market share in order to compete with