https://finance.yahoo.com/news/bumble-shares-rally-earnings-beat-102036107.html
"March 12 (Reuters) – Bumble shares jumped more than 40% in early trading on Thursday after the company posted upbeat fourth-quarter revenue and unveiled an AI‑driven overhaul of its apps to lure back younger users.
The rebound comes after years of losses and battered investor confidence, with the stock losing half of its value last year as growth in the online dating market slowed amid stiff competition.
CEO Whitney Wolfe Herd is betting that a revamped product could reinvigorate growth and appeal to younger users who complain of swiping fatigue.
The company is preparing to launch Bumble 2.0 that uses artificial intelligence to enhance quick photo swipes with a scrollable profile of short chapters that outline a user's interests, lifestyle and personality. Herd also said that Bumble could experiment with a "no‑swipe" experience in some markets."
Bumble shares surge 40% as investors swipe right on AI-powered reboot
byu/zuckzuckonit inwallstreetbets
Posted by zuckzuckonit
11 Comments
The whole fun is to swipe left on a bunch of losers
that’s not the reason for stock surge.. MM’s and Hedgies shorted it way too much and now they are covering it a bit.. It will eventually lose all these gains in short time..
Puts
40% up on “personality summaries”. The AI hype can be really ridiculous.
Fuck me. And not on bumble either.
How I met your AI mother
Lmao. There was a post by some poor regard saying going all in on bumble puts was guaranteed free money. RIP.
Better Recommendation System based on User Interests, investors ❌
AI based right swipe based on User Interests, investors ✅
Investors have lost touch with reality in short.
Dead cat bounce.
Even more bots is definitely what dating apps need.
4 years account a tried Bumble and i shared that im on WSB
i got nothing
This is legit dystopian lmao. Calls on bumble