NEW
YORK, Sept. 30, 2024 /PRNewswire/ -- Moore
Law, PLLC, a shareholder litigation law firm located on Wall
Street, is investigating potential claims against:
- Bumble Inc. ("Bumble" or the "Company") (NASDAQ:
BMBL)
Shareholders should email Fletcher@fmoorelaw.com
The investigation concerns positive statements to investors
while, at the same time, disseminating materially false and
misleading statements and/or concealing material adverse facts
concerning Bumble's relaunch strategy, including: Premium Plus and
base tiers, focused engagement and more personalized experiences
for younger users, and enhancing premium offerings for paid
subscription members. The truth began to emerge on February 27, 2024, when Bumble issued a press
release reporting disappointing fourth quarter fiscal 2023 results
despite the recent launch of the Premium Plus subscription tier in
December 2022. During the subsequent
earnings call, management announced that the Premium Plus tier
would be revamped as part of the planned Bumble app relaunch, as it
"did not have a clear enough market fit" at launch.
On August 7, 2024, Bumble issued a
press release announcing second quarter 2024 results. During the
earnings call, Bumble disclosed that the app relaunch was not going
to plan and the Company would need to "reset" its outlook to
refocus on the "consumer ecosystem" and "rebalance Bumble
subscription tiers," including a pause in the revamp of the poorly
received Premium Plus tier.
On this news, Bumble cut its fiscal year guidance for a second
time. The price of Bumble stock declined from $8.06 per share on August
7, 2024 to $5.71 per share on
August 8, 2024.
If you own Bumble Inc. ("Bumble" or the
"Company") (NASDAQ: BMBL), please contact Fletcher Moore by
email at fletcher@fmoorelaw.com or (212)
709-8245.
ABOUT MOORE LAW PLLC
Moore Law is a NYC plaintiff litigation law firm for investors.
We hold officers and directors accountable for breaches of
fiduciary duty, fraud, insider trading, wasteful
spending, and other corporate malfeasance. There is no cost to you.
Our investor cases are contingency only.
Fletcher Moore, Esq.
Moore Law, PLLC
fletcher@fmoorelaw.com
www.fmoorelaw.com
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