Bumble cuts revenue outlook and slows some monetization efforts
0
The company now expects its full-year revenue to grow between 1% and 2%, compared with an earlier forecast of 8% to 11%.
Bumble shares slumped nearly 36% to a fresh record low after the women-centric dating app slashed its annual sales growth forecast and paused some revenue-generation efforts, turning the spotlight on the pace of a turnaround.