StockNews.AI
BMBL
TechCrunch
181 days

Bumble sunsets acquired apps, Fruitz and Official, to cut costs

1. Bumble discontinues Fruitz and Official apps to refocus on core businesses. 2. CEO Lidiane Jones anticipates a $12 million revenue loss this year. 3. Revenue fell by 4.4% to $261.6 million, missing guidance expectations. 4. Bumble shares dropped 27% due to disappointing forecasts and financial challenges. 5. New features aim to enhance user experience amid increased scrutiny.

4m saved
Insight
Article

FAQ

Why Bearish?

Discontinuing apps may suggest strategic failure; significant revenue loss anticipated.

How important is it?

Strategic decisions directly affect Bumble's operations and future revenue potential.

Why Short Term?

Immediate revenue concerns likely to influence stock price in upcoming quarters.

Related Companies

Related News