In investing, it can be hard to discern between legitimate moneymakers and fads. In an age where the intersection of smartphones and social media is becoming increasingly crowded, some may wonder what investment opportunities, if any, exist.While mobile apps are used daily by consumers across all demographics, one area may be quietly emerging as a lucrative investment opportunity. Below is a breakdown of the market for mobile apps and an assessment of the areas worth paying attention to and those you may wa ...

Investors know that what is bad news for the economy can often be good news for stocks. That’s usually the case when companies announce layoffs. But usually, does not mean always. And in a volatile market, it’s a good time to look at stocks to sell after layoffs.  Remember, a company will prioritize shareholder value over retaining employees. And “cutting the fat” is a way to boost earnings. However, sometimes, even a short-term boost to the bottom line isn’t enough. Some companies have a combination of acu ...

Retail investors have started moving back into equities, buying a net $5.6 billion worth of stocks in January as major U.S. indices reached fresh record highs. While institutional investors are taking profits, retail traders are returning to the market, and reports indicate they remain optimistic overall. This suggests that overlooked meme stocks could regain popularity, seeing further momentum should retail sentiment remain favorable.Stocks achieve meme status when their share price experiences extraordina ...

Bumble is giving 350 of its workers the ax.  The job cuts, announced Tuesday, are meant to "better align [Bumble’s] operating model with future strategic priorities and to drive stronger operating leverage," the dating app company said in a press release accompanying its fourth-quarter earnings.They add to the over 45,000 workers that Layoffs.fyi has found tech firms around the world have slashed since the start of the year and to workforce reductions conducted by companies in other sectors like finance, re ...

97 Consolidated Balance Sheets Information | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------|--------------|-----------------------|-------|--------------------------------| | Legal liabilities | December \n$ | 31, 2023 \n65,761 | $ | December 31, 2022 \n20,501 | | Payroll and related expenses | | 23,603 | | 20,814 | | Marketing expenses | | 22,622 | | 19,874 | | Other accrued expenses | | 14,487 | | 14,536 | | Lease liabilities | | 1,171 ...

Bumble announced plans to lay off 350 employers on Tuesday, reducing its headcount by 30% as part of a larger restructuring plan.Job cuts across dating app — whose defining feature is that only women can initiate chats with male suitors — is the first big move by CEO Lidiane Jones, who took over in January after serving in the chief executive position at Slack Technologies. (For users looking for a same-sex match, either person can reach out first.)Bumble said expects to incur about $20 million to $25 milli ...

Bumble (NASDAQ:BMBL), which owns the popular dating platform of the same name, just disclosed that it will dismiss roughly 350 employees. According to the firm, roughly 30% of its workers will be affected by the Bumble layoffs.Importantly, Bumble also reported weaker-than-expected fourth-quarter results with the news. The company also provided guidance that came in below analysts’ average estimates. Now, BMBL stock is sinking by more than 8%.The Bumble Layoffs and Q4 ResultsBumble decided to carry out the j ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

bumble inc. February 2024 Q4 2023 Earnings Supplemental Presentation This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements reflecting the current views of management of Bumble Inc. with respect to, among other things, our operations, our financial performance, our industry, our business and other non-historical statements, including without limitation the in ...

Bumble Inc. (NASDAQ:BMBL) Q4 2023 Results Earnings Conference Call February 27, 2024 4:30 PM ET Company Participants Cherryl Valenzuela - Vice President, Investor Relations Lidiane Jones - Chief Executive Officer Anuradha Subramanian - Chief Financial Officer Conference Call Participants Alexandra Steiger - Goldman Sachs Andrew Marok - Raymond James Cory Carpenter - J.P. Morgan Shweta Khajuria - Evercore ISI Ygal Arounian - Citigroup Miles Jakubiak - KeyBanc Capital Markets Benjamin Black - Deutsche Bank Ke ...