Bumble

History

2025: Reduction of 30% of employees

In June 2025, the American company Bumble - the developer of the eponymous dating service and other applications, including Badoo and Fruitz - announced a reduction in 30% of jobs, about 240 employees will be laid off due to lack of money. Bumble is going through a difficult period - shares have fallen more than 90% since its IPO in 2021, and the company's capitalization has dropped from a high of $7.7 billion to $909 million. After Bumble announced the cuts, its shares rose nearly 16% in over-the-counter trading^[1]

2021: Going public, estimated at $8 billion

In mid-February 2021, dating service Bumble entered the Nasdaq exchange with an estimate of $8 billion. The company sold shares at $43, above its planned range of $37-39 per share, and raised $2.2 billion in total during the initial public offering.

Bumble Chief Executive Officer Whitney Wolfe Herd became the youngest woman (31 years old) to bring a large company to the US market as a CEO. She thanked the other women who paved the way for her and said Bumble was using proceeds from the initial offering to pay off debt and possibly make new acquisitions. Bumble's private owners will retain about 97% of the voting shares after the offering.

Bumble chief executive Whitney Wolfe Heard

The Bumble app is unique in that only women can start communicating in it. Whitney Wolfe Heard had previously been marketing at Tinder and subsequently started her own company. Cleo Capital managing director Sarah Kunst, who advised Bumble on investing in other startups, believes Wolfe Heard has a unique brand vision and inspires customers.

In recent years, the world has come to understand that women can do anything and reach any heights, "Kunst said. Bumble also showed that a multibillion-dollar technology business could be built Austin in (the state), Texas not just in, she said. Silicon Valley

During the COVID-19 coronavirus pandemic, Bumble has added games and other features to its app. Wolfe Heard said the company is now in a prime position as the world emerges from social isolation and demands new ways to communicate and meet. Bumble going public could increase competition between Bumble and its main rival, Match Group, owner of Tinder. At one time, Bumble accused the Match Group of stealing trade secrets and violating patents.^[2]

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