Bumble Inc.

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Investigation Details

Bumble announced on August 7, 2024, its second-quarter results and adjusted guidance for the full year, significantly lowering its revenue growth expectations. The company now anticipates a year-over-year total revenue growth of 1% to 2% for 2024, a sharp decline from the previous forecast of 8% to 11% issued in May.

Following this news, Bumble stock dropped over 40% during pre-market trading on August 8, 2024.