• The Class Action Law Suit claims Bumble misled investors in its 2024 relaunch strategy, leading to a drop in Bumble shares by 14.9% and 29.2% on two separate occasions: https://www.nasdaq.com/articles/class-action-lawsuit-against-bumble-inc-nasdaq-bmbl#:~:text=A class action lawsuit was filed,learn about joining the lawsuit
• The suit is similar to the September 2021 Secondary Public Stock Offering suit which Bumble settled it for $18 million in cash. The plaintiffs claimed that Bumble misled investors in its 2021 SPO offering by not disclosing a decline in paying users on its Badoo app, which later came to light and caused a stock drop in November 2021: https://www.bumblesecuritieslitigation.com/#:~:text=Update on the Distribution of,following date%2Fs%3A July 24%2C 2025
• Bumble’s shares fell 19.25% on November 11, 2021 when Bumble released its first earnings results post-IPO, which indicated that total paying user count had declined to 2.86 million from 2.9 million highlighted in the SPO. By January 24, 2022, the shares had declined by more than 50%: https://www.businesswire.com/news/home/20220209006049/en/Kirby-McInerney-LLP-Reminds-Investors-That-a-Class-Action-Lawsuit-Has-Been-Filed-on-Behalf-of-Bumble-Inc.-BMBL-Investors-and-Encourages-Investors-to-Contact-the-Firm-Before-March-25-2022?utm_source=chatgpt.com