Bumble

Whitney Wolfe Herd, the 31-year old Founder of dating app, Bumble, has trailblazed her way to Wall Street in a milestone moment for her business, as well as female founders.

Her company, Bumble, is expected to begin trading on the Nasdaq from today, under the stock ticker ‘BMBL’.

In a breakthrough moment for young female leaders, Wolfe Herd’s company has signalled strong investor demand as its stock price rose on Wednesday to $43, after the firm’s value reached $7 billion.

Bumble was launched in 2014, an app not only targeting women in the dating world, but also launched and led by women. The majority of the company’s board is female, and so are its investors.

Wolfe Herd, who previously worked at another dating service, Tinder, joins a small but growing list of US companies founded by women to take their companies public, which includes Katrina Lake, founder of Stitch Fix, and Julie Wainwright, founder of The RealReal.

The CEO has taken many public stances against misogyny and body shaming, among other pertinent issues. In 2019, she and Bumble succeeded at enacting a new law in Texas that prohibits digital sexual harassment.

Featured Image:

Roman.makhmutov via Instagram

Related

Malta investment insights: MCConsult Founder Miriam Camilleri

3 March 2024
by Robert Fenech

She sheds light on the nuances surrounding the maritime industry in Malta as part of the latest edition of Malta ...

The Convenience Shop planning to make international expansion by 2025, says CEO Martin Agius

1 March 2024
by Fabrizio Tabone

He was speaking as the retail chain marks 15 years since it opened its first outlet in Żebbug, back in ...

New AQA SURE FUND seeks to focus on how ‘fish behave in your pond’ for high returns

1 March 2024
by MaltaCEOs

An actively managed strategy will focus attention on market behavior for a high yielding investment product.

How many airports is Malta connected to in 2024?

1 March 2024
by Fabrizio Tabone

MaltaCEOs.mt takes a look at the options available to travellers, as well as key business destinations, in the wake of ...

Close Bitnami banner
Bitnami