BLOOMBERG LAW – A judge in Delaware has ruled that Bumble's special stock structure is legal, dismissing a lawsuit from an investor who claimed it was unfair. The company's rules give 10 votes per share to its founder, Whitney Wolfe Herd, and its early supporter, Blackstone Inc., while all other shareholders get just one vote per share. The judge said this setup is allowed under Delaware law, which is where Bumble is registered. This means the company can continue to operate with its current voting structure.
by Jennifer Kay
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