Category: Bumble
Bumble’s New CEO Talks About Her Critical Mission
Bumble CEO Lidiane Jones Discusses AI’s Role in Dating and Empowering Women
A Third of Bumble’s Texas Workforce Moves out After ‘Heartbeat Act’
TECH CRUNCH – A third of Bumble's Texas workforce moved out of the state after the passage of the 'Heartbeat Act' abortion bill. The company supports remote work and has joined a lawsuit against the Texas abortion law, citing its impact on business and talent retention. Bumble has also enhanced healthcare benefits to cover reproductive rights.
Bumble’s New CEO Reconsiders the App’s Feature of Women Making the First Move
Dating Apps Have Hit a Wall. Can They Turn Things Around?
NEW YORK TIMES – Match Group and Bumble have seen a significant drop in market value since 2021, losing ~$40B. To address this, both companies have brought in new leaders aiming to innovate and attract more paying users. However, a key challenge remains: convincing young users to pay for dating app subscriptions. Bumble's CEO, Lidiane Jones, plans to revamp the app to appeal to younger users with more personalization and flexibility. Meanwhile, Match Group's CEO, Bernard Kim, is focusing on rapid experimentation and marketing to increase paying users. Match Group has also expanded its offerings with services like Archer for L.G.B.T.Q. dating and Chispa for Latinos, although revenue from these products was down in 2023.
Gabrielle Ferree Joins Bumble as Head of Global Communications
Bumble Cuts ~350 Employees
Bumble Q4 and Full Year 2023 Results
PRESS RELEASE – Q4 revenue increased 13.2% YOY to $273.6M. Bumble App revenue increased 15.7% to $220.7M. Badoo App and Other Revenue increased 4.2% to $52.9M. Total Paying Users increased 16.4% to 4M. Net loss was $32M. Full year 2023 revenue increased 16.4% to $1,052M, compared to $903.5M. Net loss was $1.9M.
New Jersey Settles With Bumble Over Misrepresentation of Background Screening Policies
NJBIZ – New Jersey has reached a settlement with Bumble, requiring the dating app to pay $315K and revise its business practices. The investigation revealed that Bumble and Badoo inaccurately represented or failed to disclose their criminal background screening policies, violating the New Jersey Consumer Fraud Act and Internet Dating Safety Act. Under the settlement, Bumble must accurately disclose its background screening policies, specify whether individuals with criminal backgrounds can access the services to communicate with New Jersey users, and provide details and caveats regarding the background screenings. Bumble will also update its disclosures on its websites and apps and inform existing New Jersey users of these changes through email and pop-up notifications.