Bumble (BMBL) Founder & CEO Is Stepping Down

Bumble (BMBL) founder and CEO Whitney Wolfe Herd is stepping down. BMBL stock is down more than 35% year-to-date. The market will be looking for a turnaround, notes JR Gondeck. He discusses BMBL and highlights how BMBL’s costs continue to rise faster than its revenue and we need to see more A.I. integration. He talks about how BMBL will need to drive costs lower or risk a buyout at a lower valuation in the future. Tune in to find out more about the stock market today.

The Watch List

07 Nov 2023

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