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Bumble, a Humble Dating App, Is a $13bn Tech Corporation Today: The Full Journey
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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.
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Friday, 12 Feb 2021 09:39 AM MYT
The display outside the Nasdaq MarketSite is pictured as the dating app operator Bumble Inc made its debut on the Nasdaq stock exchange during the company s IPO in New York February 11, 2021. Reuters pic
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NEW YORK, Feb 12 Shares of Bumble Inc, backed by Blackstone Group Inc, soared more than 76 per cent in their stock market debut yesterday, fetching a US$14 billion (RM56.5 billion) valuation for the operator of the dating app where women make the first move.
The company’s shares opened at US$76 on the Nasdaq, well above its initial public offering (IPO) price of US$43 per share. Austin, Texas-based Bumble operates two major apps, Bumble and Badoo, which touts over 40 million monthly active users worldwide.
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Bumble Founder Becomes World s Youngest Self-Made Woman Billionaire At 31 Feb 12, 2021, 16:01 IST
The CEO and founder of Bumble has been crowned the world s youngest self-made woman billionaire at just 31 years old.
Dating app Bumble s 31-year-old Founder and CEO Whitney Wolfe Herd has become the world s youngest self-made woman billionaire, according to Forbes.
The company was valued at $14 billion after its shares jumped over 76% in their stock market debut on Thursday. Wolfe Herd, who also co-founded rival app Tinder, ended the day with a net worth of $1.5 billion.
Whitney Wolfe Herd, who co-founded the women-empowering dating app in 2014, saw the worth in her 11.6 percent share in Bumble shoot up when shares in the company rocketed from $43 to $76 when it was launched on the NASDAQ exchange - making her worth a staggering $1.5 billion.
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