Whitney Wolfe Herd, Founder and CEO, Bumble speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California.
umble Inc. Chief Executive Officer Whitney Wolfe Herd will step down from the company she founded nearly 10 years ago.
Wolfe Herd, 34, founded the women-centered dating app, which later expanded to include a professional social network, in 2014 and took the company public in 2021. She briefly became one of the world’s few women billionaires. Valued at more than $20 billion at its peak, Bumble shares have dwindled since its trading debut and the company is now worth $2.7 billion.
Evercore ISI analysts led by Shweta Khajuria said in a note that they are “incrementally negative on the news, and will be awaiting more details on the analyst call after its third-quarter earnings report on Tuesday.”
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