Whitney Wolfe Herd is set to reclaim her role as CEO of Bumble following Lidiane Jones’ resignation

California: Whitney Wolfe Herd is back in charge at Bumble. She’s stepping in as CEO again after Lidiane Jones decided to resign for personal reasons. Jones had been leading Bumble since Wolfe Herd left the role just over a year ago.
Wolfe Herd expressed her gratitude for Jones’ leadership during a crucial time for the company. She noted that Jones helped build a solid foundation for Bumble’s future. It’s nice to see that kind of respect in the business world.
Bumble, the dating app that empowers women to make the first move, was founded by Wolfe Herd in 2014. The app went public in 2021, but its market value has dropped significantly since then. It went from a high of $7.7 billion to about $847 million now.
Despite the challenges, Bumble is optimistic. They expect to report revenue that exceeds their earlier forecasts for the fourth quarter. That’s a good sign for the company moving forward.
After the announcement, Bumble’s shares jumped 6% in premarket trading. Plus, Ann Mather, who has been a lead director, will now take on the role of chair of the board. Sounds like Bumble is gearing up for some exciting changes!