1. Bumble faces investigation for possible securities law violations. 2. Bumble's stock dropped 30.4% after app discontinuation announcement. 3. Investors urged to contact Kirby McInerney LLP for rights. 4. The firm's focus is on shareholder securities litigation.
The significant drop in stock price indicates strong negative sentiment; past examples show similar cases led to further declines.
The investigation and stock drop can severely affect investor confidence and market perception.
Immediate investor reactions are likely; issues from investigations can affect stock in the near term.
The law firm of Kirby McInerney LLP reminds investors its investigation on behalf of Bumble Inc. ("Bumble" or the "Company") (NASDAQ:BMBL) investors concerning the Company's possible violation of the federal securities laws or other unlawful business practices.
[LEARN MORE ABOUT THE INVESTIGATION]
What Happened?
On February 19, 2025, Bumble released its 2025 fourth quarter earnings release announcing, amongst other things, the discontinuation of its two acquired apps, Fruitz and Official. On this news, the price of Bumble shares declined by $2.46 per share, or approximately 30.4%, from $8.10 per share on February 18, 2025 to close at $5.64 on February 19, 2025.
What to Do Next?
If you acquired Bumble securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20251003427258/en/
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-699-1171
https://www.kmllp.com
investigations@kmllp.com