BMBL INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Bumble Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit

Core Viewpoint - The Bumble class action lawsuit alleges that Bumble Inc. and its executives misled investors regarding the company's market performance and growth prospects, leading to significant stock price declines following disappointing financial results [3][4][5]. Group 1: Class Action Details - The class action lawsuit is titled Holzer v. Bumble Inc., No. 24-cv-01131 (W.D. Tex.), and it involves purchasers of Bumble securities from November 7, 2023, to August 7, 2024 [1]. - Investors have until November 25, 2024, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lawsuit claims that Bumble's management created a false impression of reliable market information, which contributed to overconfidence in the relaunch of the Bumble app and its Premium Plus subscription tier [3]. Group 2: Financial Performance Allegations - On February 27, 2024, Bumble reported disappointing fourth quarter fiscal 2023 results, leading to a nearly 15% decline in stock price after announcing a need to revamp the Premium Plus tier due to poor market fit [4]. - On August 7, 2024, Bumble disclosed mixed second quarter 2024 results, stating that the app relaunch was not proceeding as planned, resulting in a more than 29% decline in stock price [5]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Bumble securities during the class period to seek lead plaintiff status, representing the interests of the class [6]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in class action cases, and is recognized for securing significant monetary relief [7].