{"id":2092204,"date":"2023-11-06T18:10:02","date_gmt":"2023-11-06T23:10:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bumble-shares-down-amid-leadership-change\/"},"modified":"2023-11-06T18:11:51","modified_gmt":"2023-11-06T23:11:51","slug":"bumble-shares-down-amid-leadership-change","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bumble-shares-down-amid-leadership-change\/","title":{"rendered":"Bumble&#8217;s shares drop due to leadership shift."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbumble-shares-down-amid-leadership-change%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2092204&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Founder and CEO \u2063of Bumble Whitney Wolfe attends Bumble Presents: Empowering \u200dConnections at Fair Market on March\u200d 9, 2018 in Austin, Texas.  (Photo by Vivien Killilea\/Getty Images for Bumble)<\/figcaption><\/figure>\n<h2>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/stephanie-stahl\">Stephanie Stahl<\/a><br \/>3:09 PM \u2013 Monday, November 6, 2023<\/h2>\n<p>Bumble, a \u2064dating\u2063 app that boasts about 12.3 million active users, has seen \u2063its shares plunge in value after\u200c the company\u2019s founder and chief executive Whitney Wolfe Herd announced she\u200d will be stepping\u2064 down. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>This change in leadership\u200b will take effect January 2<sup>nd<\/sup>. Wolfe Herd will\u200c step down from her\u2062 role as CEO and assume the position as \u200bexecutive chair. The young entrepreneur founded Bumble in 2014,\u00a0which is built on the principle \u2063of empowering women by enabling them to take the first step in online dating.<\/p>\n<p>With its initial public offering in\u200d 2021, Bumble propelled Wolfe Herd, who was 31 at the time, into the\u200b ranks of \u2062the world\u2019s \u200cyoungest self-made female billionaires. Bumble\u2019s stock price surged 63% to\u2064 $70.31, \u2062with a \u2063market cap \u200cof $20 billion. <\/p>\n<p>However,\u200c the Texas-based company\u2019s shares have decreased dramatically since Wolfe Herd\u2019s announcement, closing \u2064down 4.4% on \u200cMonday. <\/p>\n<p>Lidiane Jones, a longtime tech executive who has been\u200b serving since December \u200bas the CEO of the workplace communication \u2062service Slack, will be taking Wolfe Herd\u2019s place.<\/p>\n<p>In a\u2062 statement, Wolfe Herd referred to the title change as integral to a new chapter of \u201cgrowth.\u201d <\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cThis \u2064move to Executive Chair gives me the ability \u2063to step forward into a new and exciting \u200brole, get back to my founder roots and bring immense passion and focus to this\u2062 next chapter of \u2062growth,\u201d Wolfe Herd said\u200b in a statement, adding that she and Jones would be \u201cfantastic partners.\u201d<\/p>\n<\/blockquote>\n<p>Wolfe Herd began her professional journey by co-founding Tinder, one of the earliest dating apps to gain popularity. She left\u200d Tinder in 2014, filing\u200c a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/lizzo-responds-to-outrageous-lawsuit-alleging-sexual-harassment-body-shaming\/\" title=\"Lizzo reacts to 'outrageous' lawsuit over harassment, body-shaming.\">lawsuit alleging sexual harassment<\/a> and discrimination, which was eventually settled. \u200c <\/p>\n<p>She went on \u200cto\u2062 establish Bumble in\u200d collaboration with Andrey Andreev, the\u2064 former proprietor of \u200dBadoo, another dating app. In\u200d 2019, she assumed leadership of the \u200bmerged company when Andreev faced accusations of racism and sexism.<\/p>\n<p>Currently, Bumble serves as the parent entity for four apps\u2014Bumble, Official, Badoo, \u200band Fruitz. The Bumble\u2064 app has expanded its offerings to facilitate not only romantic connections but also friendships and professional networking. <\/p>\n<p>Stay informed! Receive\u200d breaking news blasts directly to your\u2064 inbox for free. Subscribe here. <a href=\"https:\/\/www.oann.com\/alerts\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\t\u2062\t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Voters\u200b in Kentucky and Mississippi are preparing to\u2062 head to \u2064the polls to decide\u200b their governors\u2063 for the next\u2063 four years. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Ohioans will head to the polls Tuesday to determine the status of two <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/arizona-gov-doug-ducey-signs-bills-addressing-hot-button-social-issues\/\" title=\"Arizona Gov. Doug Ducey Signs Bills Addressing Hot Button Social Issues\">hot button social issues<\/a> in the Buckeye State.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>On Tuesday, the Supreme Court is set to hear arguments regarding how courts can \u200btreat Second Amendment \u2064rights in civil matters. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Since the White House confirmed it will be working towards multiple humanitarian pauses in \u200bthe war\u200c in Israel, the Biden \u200dAdministration has been facing massive backlash. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Over <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/7000-illegal-caravan-making-its-way-to-u-s\/\" title=\"Over 7,000 illegal caravan heading to U.S.\">100 social media studies<\/a> on X (formerly Twitter)\u2064 disrupted by\u2062 Elon Musk\u2019s platform access restrictions.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>NTT partners with Toyota for driverless tech tests and U.S. self<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musks-x-restructuring-curtails-disinformation-research-spurs-legal-fears\/\" title=\"Elon Musk's X restructure hampers disinformation research, raises legal concerns.\">-driving startup investment<\/a>.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The British PM\u2062 championed a series of landmark agreements after the first AI safety summit, but a global plan for overseeing the technology remains a long way \u2064off.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Elon Musk\u2019s artificial intelligence startup xAI will release its \u200bfirst\u2063 AI model to a select group on\u200b Saturday.<\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> How has Bumble evolved since its founding in 2014, \u200cand what role\u2063 does\u200d it currently play in the online dating industry<\/h2>\n<p><span>  Bumble, a popular dating app that \u2063boasts around 12.3 million active users, is experiencing a significant \u200cdecline \u200bin its shares \u200dfollowing the\u2063 announcement of\u2062 its founder and chief executive\u200c Whitney Wolfe Herd \u200dstepping down from her role. This leadership change is set to take effect on January 2nd, with Wolfe Herd transitioning\u200b to\u200c the position of executive chair.<\/p>\n<p>Wolfe Herd, a young entrepreneur, founded \u200bBumble\u2063 in\u2062 2014 with \u2062the aim of empowering women in the online dating world by allowing them to make the first move. The company&#8217;s initial public offering in 2021 catapulted Wolfe \u2062Herd into the ranks of the world&#8217;s youngest self-made \u200dfemale billionaires, with Bumble&#8217;s stock price surging \u2062by 63% \u200dto $70.31 and a market cap of $20 billion.<\/p>\n<p>However, since the announcement of Wolfe Herd&#8217;s departure, Bumble&#8217;s shares\u200b have taken a sharp decline, closing\u2062 down 4.4% on\u200b Monday. Lidiane Jones, a seasoned tech executive\u2063 who\u2064 has been serving as the \u2062CEO \u2064of workplace communication service Slack since December, will be stepping into Wolfe Herd&#8217;s role.<\/p>\n<p>In a statement, Wolfe Herd expressed that the title change is integral to a new chapter \u200dof growth\u2064 for the company. She emphasized her excitement about returning to her founder roots and bringing immense passion and focus to\u2064 this next phase, highlighting that she\u200d and Jones \u2063will make fantastic partners.<\/p>\n<p>Wolfe \u200bHerd&#8217;s professional journey \u200cbegan with her co-founding\u200b Tinder, one of the earliest dating\u200d apps to\u200c gain popularity.\u2063 However, she\u2063 left Tinder in 2014,\u200b filing a lawsuit alleging sexual harassment and\u200d discrimination, which was eventually settled. She then went on to establish Bumble in collaboration with Andrey \u200cAndreev, the former proprietor of Badoo, another dating \u200dapp. In 2019, Wolfe Herd assumed leadership of the\u200b merged\u200c company when \u200bAndreev faced accusations of racism and sexism.<\/p>\n<p>Currently, \u200dBumble \u200cserves \u2062as \u200bthe parent entity\u2063 for four apps &#8211; Bumble, Official, Badoo, and \u2063Fruitz. The Bumble app has expanded its offerings beyond \u200bromantic connections to include the facilitation of friendships \u200dand \u2063professional\u200d networking.<\/p>\n<p>Despite\u200d Wolfe Herd&#8217;s departure, Bumble remains a significant player in the online dating sphere, and with Jones taking over as CEO, the\u2062 company is poised to continue \u2063its growth\u2062 and innovation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whitney Wolfe, the Founder and CEO of Bumble, was present at Bumble Presents: Empowering Connections event in Austin, Texas. The dating app, with around 12.3 million active users, experienced a significant drop in its shares.<\/p>\n","protected":false},"author":2416,"featured_media":2092205,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2092204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2092204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2416"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2092204"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2092204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2092205"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2092204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2092204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2092204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}