Whitney Wolfe, CEO of dating app Bumble, has become the youngest female billionaire. He started dating app Bumble in 2014.
Whitney Wolfe Herd, CEO and co-founder of online dating app Bumble, has become the youngest female billionaire. After her company Bumble went public in the US, her name became the record to become the youngest female billionaire.
Bumble is the second largest online dating company. Wolfe Herd holds about 12 per cent stake in the company. 31-year-old Whitney Wolfe Herd accumulated $ 1.5 billion in net worth by the end of the day. Bumble shares rose from a starting price of $ 43 per share to an IPO rate of $ 76 per share.
IRCTC’s new service: Book your train tickets in no time through IRCTC iPay here the details
Wolfe Herd tweeted that today Bumble has become a public company. This became possible because 1.7 billion Brave women took the first move on our app. Who opened the way for us for the business world. Thanks everyone for making today’s day possible.
Significantly, Wolfe Herd founded Bumble in 2014 after leaving Tinder, the world’s most popular dating app. On Tinder, he had filed a case regarding sexual harassment. In his charge, he surrounded his old boss and his boyfriend Justin Metten.
He said that he was threatened with being removed from Tinder’s co-founder. Tinder denied these allegations and the case was resolved. Wolfe Herd then worked with London-based Russian billionaire André Andreev. Who were creating dating apps for the European and Latin American markets to create Bumble.
The important role given to women in the Bumble App makes it special. Only women can do outreach first on this app.
Match Group, whose dating app is Tinder, has a market cap of $ 45 billion. In 2017, Match Group tried to buy Bumble for $ 450 million. Which was refused by Wolfe Herd-led company Bumble.
Bumble reported revenue of $ 417 million in the first nine months of 2020. Which earned $ 363 million a year ago. On the other hand, the Match Group earned $ 1.7 billion in the first nine months of 2020 and $ 1.5 billion a year earlier.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
