BUMBLE FORECASTS
When the stock market is a one-way street
Post-pandemic central bank policies have spurred a robust, seemingly perpetual equity rally, challenging traditional cycles. Despite economic growth concerns, instability, and geopolitical risks, markets remain resilient due to low interest rates and high liquidity. Household investments and mutual funds, driven by past returns, fuel this illusion of growth, defying expectations of a market correction.
The rise of Airchat & growing debate over navigating Internet with voice: can it gain momentum?
Voice input technology faces challenges despite widespread adoption in internet products. Smart speaker shipments decline, while the voice recognition market is poised for significant growth. Users with visual disabilities encounter accuracy issues with voice commands.
Wall St eases as investors brace for inflation data
Evidence of sticky inflation, a robust U.S. economy and pushback from some Fed officials have already led traders to delay bets of the first interest rate cut to June from March.
Bumble falls 5% as CEO signals need for app revamp after poor earnings
Bumble shares fell about 5% on Wednesday after its downbeat quarterly revenue forecast underscored the need for a revamp of the dating-app experience to attract newer generations seeking companionship.
Bumble to lay off 350 employees, forecasts weak first-quarter revenue
Bumble, led by CEO Lidiane Jones, cuts jobs and expects disappointing Q1 revenue due to a slowdown in user spending. The company plans to relaunch apps, target younger users, drive revenue growth, expand globally, and revamp the eponymous app to meet analysts' expectations.
Bumble forecasts weak fourth-quarter revenue, shares fall
The lackluster forecast comes a day after Bumble said its founder Whitney Wolfe Herd would step down as CEO, the second major executive departure at the company, and will be succeeded by Slack chief executive Lidiane Jones.
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Tinder-owner Match issues dour forecast; shares tumble
To revive growth in its main apps and counter the threat from Bumble, Match has rolled out several new features, including weekly subscription plans and new engagement and privacy features across Tinder and Hinge.
Bumble shares decline as higher expenses fan concerns about Tinder competition
The operator of Bumble, Badoo, and Fruitz apps said its total operating costs rose more than 7% in the June quarter as it spent more on product development and marketing.
Bumble posts robust quarterly revenue on sustained user spending
The parent company of Bumble, Badoo, and Fruitz, benefited from strong user growth during the quarter as more people opted to pay to find love and companionship.
US stock market: Wall Street finishes topsy-turvy day higher, S&P snaps losing run
Helping provide confidence to buyers, Nvidia Corp posted positive earnings and surged 14% after forecasting quarterly sales above estimates and reporting a surge in the use of its chips to power artificial intelligence services.
Bumble positive on 2023 as user growth defies economic gloom
The owner of the app where women make the first move has in recent months benefited from a pullback in the U.S. dollar and new features such as "Compliments", which allows users to engage with each other before they decide to connect by sending a note.
Will Sam Bankman-Fried be jailed for FTX’s collapse?
It’s a question that seems preposterous to even ask, given the catastrophic fallout from FTX’s failure, but investigations, lawsuits and trials are the domain of cold reason, not seething emotion.
Nasdaq retreats as rate hike fears cool stock rally
According to preliminary data, the S&P 500 lost 3.19 points, or 0.08%, to end at 4,207.05 points, while the Nasdaq Composite lost 74.73 points, or 0.58%, to 12,780.08. The Dow Jones Industrial Average rose 32.20 points, or 0.10%, to 33,341.71.
The Fed’s moves pumped up stocks. In 2022, it may pull the plug
Shares soared as interest rates stayed low and stimulus programs helped the economy. But expected changes could make investors wary.
Bumble going strong as pandemic love endures Delta concerns
Shares of Bumble jumped 3% in extended trading, as the Texas-based company also surpassed quarterly revenue estimates after total paying users rose 20% to 2.9 million.
View: Why it's unwise to declare countries as victors and losers in the middle of a fight against the virus
Vaccines may indeed be the miracle weapon that finally wins this battle. The US Centres for Disease Control is however very careful to send a message that while vaccines are highly effective, whether they will work against all variants is not yet fully understood. It has not declared victory. Others would be wise not to either.
A tech billionaire and the case of the bumbling blackmailers
Even by UP's standards, the extortion plot that’s surfaced stands out for its sheer outlandishness.
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