Bumble Shares Fall Sharply After Q1 Results, Dipping Below IPO Price

CNBC - May 14 - Bumble's stock dipped ~17% to hit an all-time low of $38.91 apiece. The company reported first-quarter results on Wednesday and issued what some analysts considered cautious guidance. "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 said. "The company isn't signaling we don't believe in the strength of our business," she added.

by Jessica Bursztynsky
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