Bumble Inc. (BMBL)
XMEX 
Summary
BMBL Chart
Bumble borrows a major feature from social media to shake up the dating landscape
Forget stumbling across your perfect match on a dating app by chance. Thanks to a new Bumble feature, you can look them up directly—as long as you know their username.
Why Bumble stock exploded higher today and what comes next
Bumble (BMBL) shares charged explosively to the upside after the dating-app operator agreed to an all-cash acquisition by Ithaca Holdings. The transaction values BMBL at “$1.3 billion” and offers shareholders $6.05 per share.
Bumble to go private in $1.3 billion Ithaca Holdings takeover
Bumble Inc (NASDAQ:BMBL), the dating app company founded by Whitney Wolfe Herd, is set to leave public markets after agreeing to a $1.3 billion takeover by technology holding company Ithaca Holdings. The deal will see shareholders receive $6.05 a share in cash, representing a 138% premium to Bumble's closing share price on 9 October, before the announcement.
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Bumble Inc. Profile
| Software Industry | Information Technology Sector | Whitney Wolfe Herd CEO | XMEX Exchange | US12047B1052 ISIN |
| US Country | 580 Employees | - Last Dividend | - Last Split | 11 Feb 2021 IPO Date |
Overview
Bumble Inc. is a leader in the online dating and social networking sector, providing a wide array of platforms designed to help people connect across North America, Europe, and internationally. The company, founded in 2006 and headquartered in Austin, Texas, specializes in offering innovative and user-focused services through its websites and mobile applications. Its business model incorporates both subscription services and in-app purchases, catering to a diverse range of user preferences and interaction styles. Bumble Inc.’s approach to online dating emphasizes safety, respect, and empowerment, particularly with its pioneering feature that allows women to make the first move.
Products and Services
- Bumble: A cutting-edge dating app where women take the initiative by making the first move. This platform is designed around the core principle of female empowerment in the dating scene.
- Badoo: A broadly accessible, free-to-use dating app available on the web and mobile devices. Badoo caters to a vast global user base, offering a straightforward and effective platform for finding matches.
- Official app: This unique offering allows users to link profiles with their partners, creating a shared, connected experience. It represents a move towards social networking for couples within the Bumble ecosystem.
- Bumble BFF: An extension of the main Bumble platform, this mode focuses on platonic connections. It employs a similar swiping and matching system to help users find new friends in their area.
- Bumble Bizz Modes: Leveraging the established user base of Bumble, this service is aimed at professional networking. Users create profiles and connect for business opportunities, applying the dating app’s proven matching mechanics to the professional world.
- Bumble for Friends: Dedicated to helping people at all life stages find friendships, this app facilitates the creation of meaningful platonic relationships among users who are nearby each other.
- Fruitz: This app takes an innovative approach to online dating by promoting transparency and honesty right from the start. Users express their dating intentions through whimsical and straightforward choices, simplifying the search for compatible matches.
Contact Information
