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Bumble Drops Below IPO Price

Bumble Drops Below IPO Price

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Bumble Inc. ( BMBL , Financial), the parent company of popular dating apps Bumble and Badoo, came under pressure last Thursday as the company’s recent earnings report disappointed investors because of lackluster paid subscriber additions. At the closing market price of $36.60 on Nov. 12, Bumble stock is now trading at a discount to its IPO price of $43 as well, which suggests the going has been difficult for the online dating company since its market debut last February.

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