All articles tagged with #bumble
Originally Published 3 months ago — by Deadline
Whitney Wolfe Herd, founder of Bumble, was initially opposed to the Hulu biopic 'Swiped' about her but is now honored that Lily James portrays her, despite feeling terrified and slightly flattered. James praised Herd as a trailblazer and found the role inspiring, though Herd had asked her lawyer to shut down the project two years ago.
Originally Published 3 months ago — by Fortune
Whitney Wolfe Herd, founder of Bumble, is uneasy about a Hulu biopic dramatizing her life without her involvement, feeling a loss of control over her story despite some appreciation for the casting. The film, which premiered on September 8, is based on public records and media accounts, and has received mixed reviews. Wolfe Herd's story, marked by early success and a billion-dollar IPO, fits the Hollywood trend of dramatizing Silicon Valley entrepreneurs, but she remains conflicted about her portrayal.
Originally Published 6 months ago — by Fortune
Bumble announced a 30% workforce reduction, surprising analysts given prior cost cuts, as the company struggles with declining user engagement and revenue, but raised its Q2 revenue forecast, indicating ongoing challenges in the online dating industry. Despite cost-cutting efforts, the company is reinvesting savings into strategic areas, with CEO Whitney Wolfe Herd planning an overhaul to revitalize growth.
Originally Published 6 months ago — by BBC
Bumble is cutting nearly a third of its staff to address financial struggles and industry challenges, aiming to reduce costs and focus on growth and innovation, amid declining investor confidence and a tough dating app market.
Originally Published 6 months ago — by CBS News
Bumble plans to lay off 30% of its workforce, approximately 240 employees, to cut costs and reinvest in product development, as part of a strategic restructuring to strengthen its core business and prepare for future growth, following challenges in customer traction.
Originally Published 6 months ago — by Reuters
Bumble plans to lay off 30% of its global workforce, affecting 240 roles, as part of a strategic shift to enhance user experience amid industry struggles. Despite the layoffs, Bumble raised its Q2 revenue forecast and aims to reinvest savings into product development. The company's market value has declined significantly since its IPO in 2021, reflecting broader challenges in online dating.
Originally Published 6 months ago — by TechCrunch
Bumble is laying off 30% of its workforce, about 240 jobs, to optimize its operations and reinvest savings into product development, with the move coinciding with a positive revision of its revenue forecast and the return of founder Whitney Wolfe Herd as CEO.
Originally Published 1 year ago — by The New York Times
Dating apps like Tinder and Bumble, which once enjoyed immense popularity and investor favor, are now struggling to meet revenue expectations, with both companies losing over $40 billion in market value since 2021. The main challenge lies in convincing young users to pay for subscriptions, as platforms like Snapchat and TikTok increasingly compete for their attention. Despite generating billions in revenue from subscriptions, the companies are facing stagnant growth and are under pressure to innovate and attract more paying users to satisfy investor demands.
Originally Published 1 year ago — by TechCrunch
Apple cancels its autonomous electric car project, Bumble posts weak Q4 results and plans to lay off 30% of its workforce, Google apologizes for an AI model that injected diversity into pictures with a disregard for historical context, Tumblr owner Automattic's CEO argues with users over a content moderation decision, and a group of Byju’s investors vote to remove the edtech group’s founder and chief executive. Additionally, Inkitt, a self-publishing platform using AI to develop bestsellers, raises $37 million, and Lapse raises $30 million for its smartphone app that has users wait for photos to be “developed” before sharing them.
Originally Published 1 year ago — by Fox Business
Bumble is reducing its workforce by 37%, with 350 workers being laid off as part of a restructuring to align with future strategic priorities. CEO Lidiane Jones stated that the company needs to centralize teams, remove layers, and address duplicate efforts to accelerate innovation. Impacted workers will receive enhanced severance pay, yearly performance bonuses, and health care stipends. The company anticipates layoff-related costs of $20-25 million and plans to relaunch the Bumble app with a modern experience in the second quarter.
Originally Published 1 year ago — by TechCrunch
Bumble, a major player in online dating, reported a $32 million net loss and $273.6 million in revenue for Q4 2023, leading to a 10% stock drop in after-hours trading and the announcement of a significant workforce reduction of about 350 employees. The company plans to revamp its app with a focus on AI, enhanced safety measures, and features targeting younger audiences to address slowing growth and increased competition from Match Group's aggressive marketing tactics. CEO Lidiane Jones aims to strengthen Bumble's capabilities and deliver new user experiences while facing challenges following the departure of founder Whitney Wolfe Herd and declining revenue from younger users reluctant to pay for premium features.
Originally Published 1 year ago — by CNBC
Bumble plans to lay off about 350 employees, or 37% of its workforce, as part of a restructuring plan to drive stronger operating leverage and align its operating model with future strategic priorities. The dating app reported increased revenue of $273.6 million for the quarter but posted a net loss of $32 million. Bumble CEO Lidiane Jones stated that the company is taking significant action to accelerate its product roadmap, while the tech sector continues to see companies like Google and Amazon trimming headcount in response to investor pressure for efficiency.
Originally Published 1 year ago — by Daily Mail
Ana Knezevich, a Florida woman who went missing in Spain, had been using the dating app Bumble and had been in contact with at least two men before she disappeared. Her estranged husband, David Knezevich, had been going through a tough divorce with her. Investigators found surveillance footage of a suspicious man in a motorcycle helmet near Ana's building, and her family and friends received strange WhatsApp messages from her after she vanished. Spanish police are urging anyone with information about Ana's whereabouts to come forward.
Originally Published 1 year ago — by TechCrunch
Bumble has introduced a new AI tool called Deception Detector to identify and block scam accounts and fake profiles, reducing user reports of spam and scams by 45% in testing. The tool automatically blocks 95% of identified spam or scam accounts and operates alongside Bumble's human moderation team. This move comes as Bumble's research revealed that fake profiles and scams are top concerns for users, particularly women, in online dating. The Federal Trade Commission reported that romance scams cost victims $1.3 billion in 2022, with Bumble's new tool aiming to make the app safer by addressing these issues.
Originally Published 2 years ago — by KTRK-TV
Andrew Taake, a Houston man involved in the Jan. 6 Capitol riot, pleaded guilty to assaulting police officers using a dangerous weapon. Taake had bragged about his involvement on the Bumble dating app, leading to his identification and subsequent arrest. He admitted to using bear spray and a whip-like weapon on Capitol police officers. Taake is scheduled to be sentenced in March 2024.