Bumble Founder Returns As CEO Amid a Dating App Decline

An anonymous reader quotes a report from The Verge: Bumble founder and executive chair Whitney Wolfe Herd, who stepped down as CEO at the beginning of 2024, is returning to the post in mid-March. Former Slack CEO Lidiane Jones, who succeeded Herd, has resigned for 'personal reasons' and will remain in the role until Wolfe Herd takes over. 'As I step into the role of CEO, I'm energized and fully committed to Bumble's success, our mission of creating meaningful, equitable relationships, and our opportunity ahead,' Wolfe Herd says in a statement. 'We have exciting innovation ahead for Bumble in this bold new chapter.' Bumble's share price has dropped by half since the app introduced a redesign and feature in April that let men send the first message in response to prewritten questions. 'Bumble gained popularity in part because it was set up for women to message their matches first,' notes The Verge.

'In Bumble's most recent earnings report, it said that the number of paying users had increased from 3.8 million to 4.3 million over the last year, however, average revenue per paying user dropped from $23.42 to $21.17, and its total revenue dropped slightly.'

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