Bumble shares fall sharply after first-quarter report, dipping below IPO price

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Shares of Bumble fell sharply after the company released Q1 results Wednesday. CEO Whitney Wolfe Herd weighs in on the outlook for the company and the future of dating.

The dating company's stock dipped more than 17% to hit an all-time low of $38.91 apiece.

"We are being cautiously conservative due to the nature of the pandemic ... none of us can predict what happens later this year around the globe," CEO Whitney Wolfe Herd told CNBC's "." The company isn't "signaling we don't believe in the strength of our business," she added. Loop Capital Markets analysts said in a note Wednesday they viewed the results as a "mixed bag." The firm lowered its price target to $45 from $65 but maintained its hold rating.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Worst CEO ever. Absolute dumpster fire over there.

Did a bee sting her on the nose?

Good interview

In their defense, only women can buy stock unless a man is invited by a share holder.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves midday: Canada Goose, Bumble, Sonos & moreCheck out the companies making headlines in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »

Lyst Raises $85 Million Ahead of a Potential IPOThe funding follows a big audience and revenue growth for the shopping search platform during the pandemic, with more than 150 million shoppers now using its app and website.
Source: wwd - 🏆 24. / 68 Read more »

U.S. vaccination pace improves, averaging 2.2 million shots per day with an increase in first dosesThe U.S. is reporting 2.2 million shots per day over the past week, up slightly from the most recent low point on Saturday when the rate dipped below 2 million.
Source: CNBC - 🏆 12. / 72 Read more »

Dow Falls 300 Points: Stocks Slip A Third Day After ‘Huge’ Inflation ReadingThe Dow fell 300 points: Stocks are falling for the third-straight day this week after the highly awaited consumer price index report showed a staggering rise in prices last month hello captain obvious about time they payed attention.
Source: Forbes - 🏆 394. / 53 Read more »