this post was submitted on 29 Feb 2024
140 points (98.6% liked)
Technology
57453 readers
4164 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the best summary I could come up with:
While up from the same period a year ago, earnings came in below Wall Street expectations and were paired with a disappointing Q1 2024 forecast — sending Bumble’s stock tumbling ~10% in after-hours trading.
The near-term product roadmap will focus on AI and enhanced safety measures, Jones said, as well as features designed to appeal to younger audiences.
“We believe these actions will strengthen our foundational capabilities and enable us to continue delivering new and engaging user experiences that create healthy and equitable relationships,” Jones said during a call on today’s earnings.
Bumble has also had to contend with internal organizational shifts in the wake of founder Whitney Wolfe Herd stepping down as CEO last November and transitioning into the role of executive chair.
Dating apps generally — including Match Group’s — have seen declining revenue from users reluctant to fork over cash for premium add-ons.
Hinge, among others, meanwhile, is embracing the move to IRL meetups, launching a fund and promotions to sponsor singles events.
The original article contains 450 words, the summary contains 166 words. Saved 63%. I'm a bot and I'm open source!