WALL STREET JOURNAL – Feb 10 – Bumble's stock opened at $76 a share, well above its IPO price of $43 to bring valuation to $8.6B. Bumble joins rival Match on the public market. Match unsuccessfully tried to acquire Bumble, and it later sued Bumble in 2018 for infringing patents for "swiping" and other features that have made Tinder popular. Bumble called Match a "bully" and filed a $400 million lawsuit in response. The two companies in June 2020 said they settled all litigation between them.
by Dave Sebastian & Michael Wursthorn
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