FINAL DEADLINE REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of …
If you’ve invested in Bumble Inc. (NASDAQ: BMBL) and suffered losses exceeding $75,000 between November 7, 2023, and August 7, 2024, you might be interested in a federal securities class action that has been filed against the company. The law firm Faruqi & Faruqi, LLP is investigating potential claims against Bumble and reminding investors of the upcoming deadline to seek the role of lead plaintiff in this case, which is November 25, 2024.
The complaint alleges that Bumble and its executives may have violated federal securities laws by providing investors with misleading information about the company’s fiscal year revenue in 2023 and expected guidance for 2024. While they made positive statements about the company’s growth and market expansion, they may have concealed material facts about Bumble’s relaunch strategy, including issues with their subscription tiers and user engagement.
The truth started to emerge when Bumble reported disappointing financial results in February 2024, leading to a decline in stock price. Subsequent announcements revealed further challenges with their app relaunch strategy, causing additional drops in stock value. Investors were left in the dark until August 7, 2024, when Bumble disclosed mixed results for the second quarter and the need to “reset” their outlook.
If you are a Bumble investor and want to learn more about this class action or discuss your legal rights, you can contact the law firm Faruqi & Faruqi directly. Remember, the deadline to seek the role of lead plaintiff is approaching, so it’s essential to take action if you believe you’ve been affected by these developments.
