![]() Initial attempts to settle failed and the war appeared poised to rage on, but a statement released by Match Group in early November indicated that Bumble will drop its lawsuit. The countersuit was filed in response to a lawsuit from Match that claims Bumble infringed on several patents related to Tinder. Is the end in sight for the legal battle between Match Group and Bumble?Īccording to documents filed in Texas last month, Bumble is looking to drop its $400 million countersuit against Match Group, which alleged Match interfered with its business operations, fraudulently obtained trade secrets, and intentionally tried to make Bumble less appealing to other potential acquirers. It’s been in the air for ages, but the serious consideration has happened only recently - in the past month.”īumble Moves To Drop $400 Million Lawsuit Against Match Group ![]() “We’re now in very deep discussions with banks,” including JPMorgan Chase & Co., he said. Andrey Andreev, the majority shareholder of Bumble’s parent company, publicly discussed a possible Nasdaq listing with Bloomberg in October. Plans for the IPO appear to be moving forward. This would allow us to really spread our wings at a new level.” “There is a need for a new IPO in this space, and we offer something that nobody else offers. “Our revenue is remarkable, and it is only going to get better,” Bumble founder Whitney Wolfe Herd told Forbes in September. Bumble also revealed that it is exploring an IPO, a rare move in the dating space. In recent months, the company continued its high-profile legal battle with Match Group, debuted in India with the help of actress Priyanka Chopra, launched a fund to invest in women-founded companies, and announced an upcoming line of beauty products. Bumble wants to remove as many barriers as possible for women to feel more empowered in the online dating process - not only to reach out via a dating app, but also initiate meeting in person.īumble IPO Moves Forward, Could Value The Company At $1.1 Billionīumble continues to dominate dating industry headlines. This is especially tough for female daters, who feel unsafe meeting strangers at locations or neighborhoods that are unfamiliar. Tinder and Hinge have been trying different approaches to get users to meet face to face, but it’s still a difficult proposition. Getting people to meet in person instead of messaging each other over a dating app is no small feat. ![]() It’s a new way for the female-friendly dating app to appeal to its prime market: single women. “The idea for BumbleSpot is to create a network of physical locations across the US and Canada that support our mission to end misogyny and empower women in their relationships across all aspects of life.”īumble Launches BumbleSpots to Help Its Members Meet IRLīumble disclosed in an exclusive to website Bustle that they will soon be launching a new feature called BumbleSpots to help its members meet face-to-face.īumbleSpots offers Bumble-verified locations where its members can meet so they feel safe grabbing a drink with a match for the first time IRL. We’ve worked so hard to cultivate a safe and empowering community online and we’re always looking for opportunities to help our users bring those connections to life,” said Andee Olson, director of partnerships at Bumble. “At Bumble, we’re more than just a dating app – we’re a mission-driven platform that connects people across the most important relationships in their lives in love, friendship and business. BumbleSpots are places that have been verified by Bumble as inclusive environments in which to meet connections from Bumble’s dating, friendship and professional networking services. Certain Moxy locations will host "BumbleSpot #attheMoxy” events where Bumble users can bring their connections from the digital sphere to real life. Earlier this year, Bumble teamed up with HBO on a "Stay Home To The Movies" activation set in a New York City brownstone that aimed to recreate the experience of a romantic night in.īumble’s latest move to bring the dating experience offline is a partnership with Marriott International's Moxy Hotels. ![]() Last year, the company launched a series of roving pop-up spaces that debuted in New York City and has since made stops in London, Los Angeles, and Vancouver. Bumble has made experiential marketing a core part of its strategy to expand its user base.
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