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

Core Viewpoint - The Bumble class action lawsuit alleges that Bumble Inc. and its executives misled investors regarding the company's market position and growth prospects, leading to significant stock price declines following disappointing financial results [4][5][6]. Company Overview - Bumble Inc. operates in the online dating and social networking industry [3]. Allegations and Financial Impact - The lawsuit claims that Bumble's management created a false impression of confidence in the relaunch of the Bumble app and its Premium Plus subscription tier, which was expected to drive growth [4]. - 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 and lowering its guidance for full year 2024 [5]. - On August 7, 2024, Bumble announced 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 after cutting fiscal year guidance for a second time [6]. Legal Process - Investors who purchased Bumble securities during the class period from November 7, 2023, to August 7, 2024, can seek appointment as lead plaintiff in the class action lawsuit [1][7]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in securities-related class action cases [8].