FORBES - A steep drop in Bumble shares since the dating app owner's quarterly earnings call on Nov 10 has knocked the fortune of CEO Whitney Wolfe Herd - previously the world's youngest self-made woman billionaire - below $1B, Forbes calculates. The 32-year-old Wolfe Herd was worth ~$940M at Monday's closing price of $35.03 per share. Her net worth has fallen by ~$200M since Q3 earnings were released three weeks ago, as Bumble stock has tumbled by 26%. Wolfe Herd has a 21% stake in the company. Bumble is far from the only company to struggle after its IPO. An analysis published Sunday by the Financial Times found half of the companies that raised $1 billion at IPOs this year are trading below their listing prices.
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