Not A Match: Bumble Has Lost 92% Of Its Value In 4 Years
Bumble stock plummeted Wednesday after shareholders were dismayed by the company’s forward guidance, with the stock extending a brutal decline that’s wiped out more than 90% of its market value in recent years.
Though the dating app company delivered a fourth-quarter revenue beat of $261.6 million, any positive reactions among investors were overshadowed by a weaker-than-expected outlook.
