Bumble Investors Who Suffered Losses Over $75,000: Faruqi & Faruqi Encourages Contact

Bumble Investors Encouraged to Contact Faruqi & Faruqi Following Potential Misleading Statements

Faruqi & Faruqi, LLP, a prominent national securities law firm, is currently investigating potential legal claims against Bumble Inc. (BMBL) and urging investors who experienced losses exceeding $75,000 to reach out directly. The firm is representing investors in a class action lawsuit alleging that Bumble, along with its executives, violated federal securities laws through misleading statements and omissions regarding its financial performance and growth prospects.

The lawsuit alleges that Bumble provided investors with overly optimistic statements about its 2023 fiscal year revenue and future outlook, while simultaneously concealing crucial information about its relaunch strategy and the effectiveness of its subscription tiers. These alleged misrepresentations led investors to believe Bumble was performing better than it actually was, resulting in inflated stock prices.

The truth began to surface in February 2024 when Bumble reported disappointing fourth-quarter results despite the recent launch of its Premium Plus subscription tier. The company then acknowledged that the Premium Plus tier was not resonating with consumers and would need to be revamped. As a result, Bumble revised its guidance for the full year 2024 downwards, causing its stock price to drop significantly.

Despite this, the lawsuit claims that Bumble continued to conceal the true extent of its struggles, leading to further negative news in May and August 2024. Each time, Bumble’s stock price suffered, leaving investors with substantial losses.

If you are an investor who purchased Bumble stock between November 7, 2023 and August 7, 2024, and suffered losses exceeding $75,000, Faruqi & Faruqi encourages you to contact the firm directly to learn more about your legal rights and options. The firm is committed to protecting the interests of investors and holding companies accountable for their actions.

To discuss your potential claim, you can reach out to Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You can also find more information about the class action lawsuit on Faruqi & Faruqi’s website: www.faruqilaw.com/BMBL.

The firm has a strong track record of representing investors in securities litigation and has recovered hundreds of millions of dollars for its clients. If you are a Bumble investor who has suffered losses, don’t hesitate to reach out to Faruqi & Faruqi to explore your legal options.

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