SCRIPPS NEWS - Bumble, a women-focused dating app based in Austin, Texas, supports a lawsuit challenging Texas' strict abortion law. The lawsuit, led by the Center for Reproductive Rights on behalf of 22 plaintiffs, aims to clarify medical exemptions under the Texas abortion ban. Bumble joined an amicus brief alongside other Texas businesses, highlighting the law's negative impact on business costs, talent retention, and workforce diversity. The case, heard by the Texas Supreme Court, seeks clarity rather than overturning the ban.
697 posts categorized "Bumble"
Bumble Supports Legal Challenge to Clarify Texas Abortion Law
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Bumble For Friends Wins Google Play Best of 2023 User's Choice Award for Fun
LINKEDIN - Bumble For Friends has been recognized with the prestigious Google Play Best of 2023 User's Choice award for the Best for Fun category, a significant achievement celebrated in the US, Canada, Australia, and Great Britain. This award highlights the exceptional efforts and creativity of the Bumble For Friends team.
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Match and Bumble Suspend Ads on Instagram Amid Concerns Over Algorithm Serving Inappropriate Content
WALL STREET JOURNAL - The Wall Street Journal's testing revealed Instagram's algorithm served inappropriate content, including sexualized videos of children and adults, to users following young influencers. Ads from major brands, including dating apps Bumble and Match Group, appeared alongside this content. Bumble and Match responded by suspending their ads across Meta's platforms, with Match cancelling its Meta advertising due to dissatisfaction with Meta's response to the issue. The tests raised concerns about child safety and the misuse of algorithms, prompting Meta to state it was investigating and would pay for brand-safety audits. The situation highlighted the need for stricter content regulation on social media platforms.
by Jeff Horwitz & Katherine Blunt
See full article at Wall Street Journal
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AI Apps Assist Singles in Dating Through Text Analysis and Response Suggestions
KVUE - AI is being increasingly used in dating apps to help users improve their communication skills. Apps like Keys AI and Your Move AI analyze text conversations and suggest responses to enhance user interaction. A Bumble survey found that 46% of U.S. users feel more confident with AI assistance in messaging. Keys AI, gaining half a million users since early 2022, offers response suggestions based on conversation analysis. Your Move AI, similarly, helps users manage repetitive interactions on dating apps. However, this technology also raises concerns about authenticity and the impact on genuine human connection.
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Bumble for Friends Introduced AI-Powered Icebreakers
BUMBLE - Bumble For Friends has added a new feature that uses AI to generate personalized icebreakers for users. When starting a chat with a new match, users can tap a button to receive up to three AI-crafted conversation starters based on their public profile information. Users can choose and edit these prompts before sending.
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Whitney Wolfe Herd: Championing Female Empowerment in the Tech and Dating Industries
BBC - Whitney Wolfe Herd, who recently stepped down as CEO of Bumble, is recognized for her significant impact on the dating scene, particularly in empowering women. In an interview with the BBC before she made her announcement, Ms Wolfe Herd lamented that, as a group of young women who came up in tech in the 2010s, not many are left. "It is disappointing to see just how little women have advanced," she said. However, Bumble will still be led by a woman - Lidiane Jones, the former boss of Slack, will take over as CEO while Ms Wolfe Herd will stay on as executive chair. Whitney actively championed women in business, hosting panel talks and creating networking events. The majority of the company's staff in the early days were women - a rare sight in the tech world.
by Imran Rahman-Jones & Shiona McCallum
See full article at BBC
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Bumble Ad Highlights Dating Experiences of Black Women
THE DRUM - Bumble's new ad campaign, 'My Love is Black Love', focuses on the dating experiences of Black British women, addressing the stereotypes and preconceptions they often face. Featuring prominent figures like Amber Gill, Whitney Adebayo Nella Rose, Shantania Beckford, and Tolly T, the campaign aims to amplify Black women's voices and challenge misconceptions. Naomi Walkland, Bumble's VP of Marketing, emphasizes the importance of representation in overcoming stereotypes in dating, from expectations to fetishization.
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Bumble Announces Q3 2023 Results, Revenue up 18%
PRESS RELEASE - Bumble reported an 18% revenue increase to $276M for the Q3 of 2023. Bumble App's revenue rose by 23% to $222M, with its paying users up by 25% to 2.6M. The company experienced a net earning of $23.1M and an Adjusted EBITDA of $75.3M. Reflecting confidence in its long-term growth, Bumble also boosted its share repurchase program to $300M. Badoo App and Other Revenue increased 3.3% to $53.7M, compared to $52M. Total paying users increased to 3.8M, compared to 3.3M.
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Dating Apps Need to Rekindle Romance With Wall Street
WALL STREET JOURNAL - Bumble's share price slid ~5% on Monday morning after the company said that founder Whitney Wolfe Herd is stepping down from the CEO role. She will remain as executive chair, while Lidiane Jones will take over as CEO on Jan 2. She currently heads up Slack Technologies, where she became CEO almost a year ago under the ownership of Salesforce. Shweta Khajuria of Evercore ISI wrote: "We view Whitney's departure as a near to midterm headwind for business operations and a negative for overall company morale." Investors weren't exactly hot for Bumble anyway, or Tinder owner Match for that matter. Bumble's share price was already down 35% for the year ahead of Monday's news, while Match was down 31%. The latter's stock slid more than 15% after it reported third-quarter results last week that showed a continued decline in the number of "payers" on the Tinder app.
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How Bumble's New CEO Lidiane Jones Plans to Use AI
FAST COMPANY - Lidiane Jones, who is currently CEO of the workplace-messaging platform Slack, will succeed Wolfe Herd starting January 2. As executive chair, Wolfe Herd expects to stay focused on the 10-year strategy for the brand, including areas like public policy and social impact. Jones, for her part, said, "I'm a product leader to the bone," one with crucial experience in AI and managing global teams. Jones's role is to bring Bumble into its next chapter, especially as AI takes center stage. She intends to look for ways to use AI "to continue to augment the perfect match, but also create experiences that are more natural for members to discover their match." She noted that AI can support Bumble's longstanding emphasis on user safety.
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Bumble CEO Whitney Wolfe Herd Steps Down
WALL STREET JOURNAL - Whitney will become exec. chair and will be replaced by Lidiane Jones, the Slack CEO, on Jan 2. Bumble reports Q3 earnings Tuesday. Bumble Inc. comprises Bumble, Bumble for Friends, Badoo, Fruitz (for Gen Z) and Official, a newly acquired app that helps couples relationships. Jones, 44, worked for Microsoft for a decade, then Salesforce, which acquired Slack in 2021. Jones will be based in Cambridge, MA. (Bumble's HQ is in Austin, Texas). "We really want to embark big on AI," she said. "AI can play such a big role in accelerating people finding the right person, finding the right friends and the right community." Blackstone is the largest institutional shareholder in Bumble Inc. Whitney is the largest individual shareholder.
by Sara Ashley O'Brien
See full article at Wall Street Journal
Mark Brooks: Jones brings the culture of Slack and Microsoft to the dating space. Seems like a good potential match for the #2 player in the dating industry.
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Bumble BFF Launches in Germany
CASCHYS BLOG - Bumble has launched "Bumble For Friends" in Germany, a standalone app focused on making friends rather than dating. The app functions similarly to the original, where users swipe to match based on interests. It includes a group meet-up feature, allowing users to plan group activities. The app is available on both the App Store and Google Play, but has received mixed reviews, particularly regarding gender-based matching and subscription clarity.
by André Westphal
See full article at Caschys Blog
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Festival Romance: Bumble's Insight Into India's Dating Trends and Preferences
HINDUSTAN TIMES - Bumble's study reveals that 63% of Indians are interested in festival dating. During India's festive season, 36% prefer celebrating with friends, and 27% with their partners. 18% are open to finding a festive date when away from home. For couples, 48% enjoy festive shopping together, and 42% attend festive parties as a duo. However, 30% feel self-conscious about being single during festivals. Another 32% feel pressured to find a date, with Millennials feeling this more than GenZers. Tips for festival dating include normalizing feelings, prioritizing self-love, and enjoying the experience without undue pressure. The survey was conducted among 2,003 adults in India.
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Veteran Tech Exec Sissie Hsiao Joins Bumble Board of Directors
BUSINESSWIRE - Sissie Hsiao, VP and GM for Google Assistant and Bard, has been appointed to the Company's Board of Directors. In her current role at Google, Ms. Hsiao is leading many of Google's advancements applying AI, natural language, and speech technologies to consumer products. Prior to this role, she was responsible for Google's Display, Video, and App Advertising businesses.
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Chancery Sends Bumble Insider Trade Suit Toward Trial
LAW360 - A Delaware vice chancellor refused to dismiss Bumble derivative stockholder suit accusing the online dating platform's board of lining up a secondary offering that allowed controlling shareholder Blackstone to sell ahead of a bad news-fueled stock drop, netting an extra $328M.
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