Faruqi & Faruqi, LLP Investigating Claims – Final Deadline Reminder
Investors in Bumble Inc. have until November 25, 2024, to take action if they suffered losses exceeding $75,000 between November 7, 2023, and August 7, 2024. The law firm Faruqi & Faruqi, LLP is investigating potential claims against Bumble Inc. (NASDAQ: BMBL) in a federal securities class action.
The investigation alleges that Bumble and its executives may have violated federal securities laws by making false or misleading statements. This includes information about Bumble’s 2023 fiscal year revenue and expected guidance for fiscal year 2024. The complaint suggests that positive statements made by the Company were not entirely accurate, leading to inflated stock prices.
When Bumble reported disappointing fourth-quarter fiscal 2023 results in February 2024, following the launch of the Premium Plus subscription tier, the stock price dropped significantly. Further negative results were reported in May and August 2024, leading to a decrease in stock price and a revision of the Company’s financial guidance.
Investors who believe they have suffered losses and meet the criteria are encouraged to contact Faruqi & Faruqi, LLP to discuss their options. The court-appointed lead plaintiff will represent the class action, and any member of the class can choose to participate or remain an absent class member without affecting their ability to share in any potential recovery.
If you have information about Bumble’s conduct related to this case, whistleblowers, former employees, shareholders, and others are encouraged to come forward. For more details on the class action or to contact the law firm, visit www.faruqilaw.com/BMBL or reach out to Faruqi & Faruqi directly. Remember, prior results do not guarantee similar outcomes, and all communications will be treated confidentially.
