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Bumble

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Bumble is a widely used dating application, founded in December 2014 by Whitney Wolfe Herd, a former Tinder employee. The app is known for its unique feature that allows women in heterosexual matches to initiate conversations within 24 hours. It was launched with the help of former Tinder employees and initially offered signup via Facebook[1], later adding a phone number option in 2018. Bumble has grown rapidly, with over 100 million users worldwide by 2020. It also has a significant market position, being the second most popular dating app in the U.S. after Tinder. The company went public in February 2021, raising $2.2 billion through its initial public offering. Despite its success, Bumble reported a net income of -$114 million in 2022. Its total assets and equity were valued at US$3.69 billion in the same year.

Terms definitions
1. Facebook ( Facebook ) Facebook, now known as Meta Platforms, is a major internet company that started as a social networking platform. Founded by Mark Zuckerberg in 2004, Facebook expanded rapidly from Harvard to other universities and later to the general public, becoming a global phenomenon. It is known for its user-friendly interface and various features such as Groups, the Developer Platform, and Facebook Dating. Despite facing criticism for issues like privacy breaches and the spread of fake news, Facebook has remained a dominant player in the online world. It has made significant strides in the field of technology, including the development of its unique data storage system, the use of PHP for its platform, and the launch of the Hack programming language. In recent years, the company has shifted its focus to the metaverse, a virtual reality space where users can interact with a computer-generated environment.
Bumble (Wikipedia)

Bumble is an online dating and networking application launched in 2014. Profiles of potential matches are displayed to users, who can "swipe left" to reject a candidate or "swipe right" to indicate interest. In heterosexual matches, only female users can make the first contact with matched male users, while in homosexual matches either person can send a message first. The app is a product of Bumble Inc.

Bumble Inc.
Company typePublic
NasdaqBMBL
Founded2014; 10 years ago (2014)
FounderWhitney Wolfe Herd
Headquarters,
United States
Key people
Lidiane Jones (CEO)
Products
BrandsBadoo
RevenueIncrease US$0.9bn (2022)
Decrease US$−103 million (2022)
Decrease US$- 114 million (2022)
Total assetsDecrease US$3.69 bn (2022)
Total equityDecrease US$3.69 bn (2022)
Number of employees
Increase 950 (2022)
Websitebumble.com
Footnotes / references

Bumble was founded by Whitney Wolfe Herd shortly after she left Tinder. Wolfe Herd has described Bumble as a "feminist dating app". As of January 2021, with a monthly user base of 42 million, Bumble is the second-most popular dating app in the U.S. after Tinder. According to a June 2016 survey, 46.2% of its users are female. According to Forbes, by 2017 the company was valued at more than $1 billion, and the company reported having over 55 million users in 150 countries as of 2019.

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