Dating Site Called Bumble
Bumble can fairly be called one of the leading dating apps in the industry of online dating and hookup. According to official records posted on the App Store and Play Market, the platform has over 90 million active users. This number is growing by 700 thousand each month. The geography of users is wide. The dating platform discussed in the Bumble review can fairly be called one of the world’s most popular social networking platforms. Though it has both a website and mobile applications, Bumble is predominantly an app. Bumble is a relatively young online dating platform developed in 2014. Bumble is an online dating app developed in 2014 by Whitney Wolfe, a former Tinder employee. As such, the two apps share a lot of things in common except for one big difference - in Bumble, women are in control. Once matches are made, women get to message the men first, after which the men will reply if they are interested. 5 – Bumble isn’t just for dating. The app also has features to help you find friends and to network. By switching the app to BFF mode it provides the user with people of the same sex that.
Business
Online dating has a problem. Exactly what the problem is depends on whom you ask, but it’s either the men or the women. For men, online dating is a thankless grind of making approaches and being rejected. For women, it’s a hellscape of male entitlement and unsolicited penis pictures. Men do a lot of liking and make barely any matches; women like less often, and get more matches in return. And, crucially, neither side of this situation will ever see what the other one goes through.
The gendered experience of using a dating app is so disparate that you can perhaps best think of it as one platform occupied by two overlapping worlds: each invisibly shapes the other’s existence. It’s bleak-sounding, but it’s also unavoidable if you’re looking for a hookup or a partner—dating apps overtook introductions through friends as the main way for heterosexual couples to meet in 2013, and the pandemic has only entrenched that by removing practically all opportunities for casual in-person contact.
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Is Bumble A Dating Site
© Provided by The Motley Fool Why Is Dating App Bumble Opening a Restaurant?With restaurants and bars reopened, dating doesn't have to be done just virtually anymore. You can actually meet a real person face-to-face again.
Expecting such venues to be the preferred option, female-oriented dating app Bumble(NASDAQ: BMBL) is opening its own restaurant to facilitate meetups. Bumble Brew will offer 'the convenience of a casual all-day cafe by day with the ambiance of an intimate restaurant and wine bar at night.' It will open its doors in New York City on July 24.
Investors, though, might wonder: What's a dating app doing running a restaurant?
Creating unique experiences
There's a certain sense to the project. Because Bumble is a female-focused brand where it's up to women to make contact first with a potential partner, a branded cafe could offer women a greater sense of security and safety in meeting with someone new.
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Bumble has some experience with this sort of thing. A few years ago it launched Bumble Hive, a series of pop-up spaces in cities like New York, London, and Los Angeles where guests received complimentary entertainment, drinks, and snacks while participating in a live seminar.
Bumble Brew was originally supposed to open in 2019 and offer 'date-friendly' food, meaning you wouldn't make a mess of yourself while eating. That concept was postponed and the menu was eventually reimagined under the tutelage of Delicious Hospitality Group, the operator of several intimate cafes in New York's upscale neighborhoods of SoHo, Nolita ('northern Little Italy'), and Hudson Yards. Bumble Brew will now serve Italian food. Mangia!
Not the buzz it expected to generate
Bumble, though, has been struggling as a publicly traded company. Despite shares currently trading some 26% above their February initial public offering price, the stock opened at $76 per share that day. This means that initial investors have lost 28% since first buying in.
It reported first-quarter earnings of $1.69 per share on revenue of $171 million compared to Wall Street's expectations of $165 million in revenue generating a net loss of $0.03 per share.
Even on an adjusted basis, Bumble was doing much better than forecast, but analysts weren't moved by the beat or by its rosy outlook for the current quarter and the full year. Bumble and its Badoo sister brand didn't move the needle nearly as much as they should have, and valuation remains a concern.
Bumble regained a lot of the ground lost after its tumble, which means its valuation isn't much better than it was. The stock trades at nosebleed levels compared to future earnings expectations (not unheard of for a company transitioning from losses to profits), and also at more than 10 times sales, and it still isn't producing any free cash flow yet, which opening a restaurant likely won't help.
Staying in its lane
The restaurant itself shouldn't be a deal breaker for investors, since it's just a single location. The risk, of course, comes if Bumble decides to scale up its culinary ambitions and run a chain of cafes.
Bumble at its heart is a tech stock, which is a very different from a restaurant chain. Similar concerns arose when rival Match Group launched a video miniseries for its Tinder service.
At least with Bumble Brew, the situation is more like that of mall operator Simon Property Group acquiring bankrupt retailers, but handing off operations to brand management firm Authentic Brands Group, because running a retail store is not the same as owning a mall.
It's smart that Bumble is partnering with a company that specializes in creating unique dining experiences, though replicating them is not easy; Delicious Hospitality has built only a handful of locations.
Bumble could still sting
Investing legend Peter Lynch had a term for when companies pursue dreams far afield from their circle of competence. He called it 'deworsification,' meaning the business is not diversifying to build strength but is instead engaging in empire building, a pursuit that could bring the whole enterprise down.
Bumble hasn't entered diworsification territory yet, but investors should keep an eye on whether it tries to roll out this concept to more locations or if it goes off on other tangents, undertaking projects that have little to do with its core virtual matchmaking business.
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Dating Site Called Bumble
Rich Duprey has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Match Group. The Motley Fool has a disclosure policy.