Category: Bumble
Bumble Will Never Break Values to Make Money, Says Founder Whitney Wolfe Herd
CNBCTV18 – Dec 10 – "We have turned down so many opportunities over the years that could have been great revenue markers but negative ones for our mission," said Whitney Wolfe Herd, founder of Bumble.
Bumble Opened a BumbleSpot in Denver
Bumble’s Debut in India
Facebook Also Let Dating Apps Have Further Access to Graph API Back in 2015
ARS TECHNICA – Dec 6 – UK MP releases 250 pages of materials obtained as part of Six4Three debacle. The documents from Facebook show that the company allowed even more companies including dating apps Badoo, HotorNot and Bumble to access the v1.0 Graph API back in 2015. The documents, known as the "Six4Three files," were published by Damian Collins, a member of the UK Parliament. Collins is the chair of the Digital, Culture, Media, and Sport (DCMS) Committee in Parliament, which has been overseeing inquiries into Facebook's practices. "The files show evidence of Facebook taking aggressive positions against apps, with the consequence that denying them access to data led to the failure of that business," Collins concluded. Six4Three is a long-forgotten company that has for years pursued a lawsuit against Facebook alleging that it was shut out from being allowed to access the Graph API, as it was too small. Six4Three made a short-lived app called "Pikinis," which sought bikini photos on Facebook. It was only downloaded ~5,000 times. Lawyers for Six4Three have long argued what Collins concluded: once small apps were shut off, they were driven out of busines.
Priyanka Chopra On Her Investment in Bumble
NDTV – Dec 6 – In her first interview since her wedding with American singer Nick Jonas, Priyanka Chopra spoke about her investment in dating app Bumble. Calling herself a "tech fan" and someone who loves doing things "out of the box", Priyanka said that she thought that the app would be an "incredible platform" for women.
Is Bumble’s $1.1B Valuation for Real?
PROFIT CONFIDENTIAL – Nov 29 – The Bumble IPO is set to land sometime before 2019 and will be one of the first pure-play dating apps to enter the market. While no firm date has been set, the company has stated that it is seeking to have the IPO sometime next month. It could, of course, be delayed. The valuation is one delay factor. The company is currently seeking a $1.5B IPO. Some analysts, however, have placed the company as low as $1.1B. The valuation is subject to change, however, as the company is exploring new ways to monetize, namely through advertising. Bumble has jumped to 40M users in 4 years, up from 12.5M in February of 2017. "We are at our annual run rate of $200M for 2018, and we're only in year three. We've been a profitable business since year two," Bumble co-founder Whitney Herd said.
Bumble and Moxy Hotels Launch ‘BumbleSpot #attheMoxy’
Whitney Wolfe Herd on Bumble New Snooze Feature
VOGUE – Nov 20 – On a recent trip to China, Whitney Wolfe Herd found herself inadvertently off social media. "I had a full panic for the first 48 hours and I was almost going through a withdrawal, which is terrifying in itself," she says, appalled, but laughing. "But after 48 hours, I didn't want it anymore. I was so present, it was like my senses were re-activated." Months later, Wolfe Herd launched a new feature on Bumble: Snooze. Snooze allows users to go offline very politely. "A lot of big companies have stayed away from this, because they don't want to cannibalize their business. It's a very courageous move as a company, but we truly believe that it's needed and necessary," she says firmly.
In the Elevator With Bumble CEO Whitney Wolfe Herd
