Bronstein, Gewirtz & Grossman, LLC Investigates Potential Claims Against Bumble Inc.
New York, NY – March 5, 2025
Bronstein, Gewirtz & Grossman, LLC, a leading national securities fraud law firm, is investigating potential claims on behalf of investors of Bumble Inc. (“Bumble” or “the Company”) (NASDAQ:BMBL).
Background
Bumble is a technology company that operates a social networking platform for romantic relationships and platonic friendships. The Company’s most popular product is its dating app, which allows users to make connections based on mutual interests and location. Bumble went public through a direct listing on November 10, 2023.
Investigation
The investigation concerns potential securities laws violations (specifically the Securities Act of 1933 and the Securities Exchange Act of 1934) with respect to certain statements made by the Company regarding its business, operations, and prospects prior to the IPO. The investigation focuses on whether the Company and certain of its executives and directors made false and/or misleading statements and/or failed to disclose material adverse information to investors.
Who is Affected?
The investigation applies to all persons or entities who purchased or otherwise acquired Bumble securities prior to November 7, 2023, and continue to hold to the present.
Next Steps
If you are a Bumble investor and wish to discuss your legal rights and potential remedies, you can visit the firm’s site at bgandg.com/BMBL or contact the firm directly.
Impact on Individual Investors
If the investigation results in a settlement or a court finding that the Company violated securities laws, affected investors may be entitled to recover their losses. The amount of damages that may be recoverable will depend on the specific circumstances of each case. It is important for investors to preserve their documentation and remain in contact with their brokerage firm.
Impact on the World
The outcome of this investigation could have implications for the technology sector and the IPO market as a whole. If it is found that Bumble and its executives misrepresented the Company’s financial situation, it could lead to increased scrutiny of other technology companies preparing for IPOs. It could also result in increased investor skepticism towards new offerings, potentially impacting market sentiment and investor confidence.
Conclusion
Bronstein, Gewirtz & Grossman, LLC is dedicated to ensuring that its clients receive compensation for their losses. The firm encourages Bumble investors who believe they may have a claim to come forward and assist in the investigation. The investigation is ongoing and the firm will provide updates as more information becomes available.
Investors who purchased Bumble securities prior to November 7, 2023, and continue to hold to the present, are encouraged to visit the firm’s site at bgandg.com/BMBL or contact the firm directly to discuss their legal rights and potential remedies.
