Bronstein, Gewirtz & Grossman, LLC Investigates Potential Securities Fraud Claims Against Bumble Inc.
New York, NY – Bronstein, Gewirtz & Grossman, LLC, a leading national securities fraud law firm, is investigating potential securities fraud claims on behalf of purchasers of Bumble Inc. (“Bumble” or “the Company”) (NASDAQ:BMBL). The investigation concerns whether Bumble and certain of its officers or directors have violated the federal securities laws.
Background
Bumble is a dating technology company that operates a portfolio of brands including Bumble, Badoo, and Fruitz. The Company’s apps allow users to swipe through potential matches and chat with them. Bumble went public on February 11, 2021, through a SPAC merger with IAC/InterActiveCorp.
The Allegations
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims that Bumble and certain of its executives or directors may have misrepresented or failed to disclose material information to investors. Specifically, the investigation focuses on whether the Company and its executives or directors::
- Overstated the Company’s user growth and engagement metrics;
- Failed to disclose the true impact of Apple’s App Tracking Transparency (ATT) policy on the Company’s business;
- Engaged in other misleading or deceptive business practices.
What Does This Mean for Investors?
If you purchased Bumble securities prior to November 7, 2023, and continue to hold to the present, you may be able to recover your losses through a securities class action lawsuit. You are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/BMBL. The investigation is ongoing, and the firm will provide updates as new information becomes available.
What Does This Mean for the World?
The potential securities fraud claims against Bumble could have significant implications for the tech industry and the broader market. If it is found that Bumble and its executives or directors misrepresented or failed to disclose material information to investors, it could lead to increased scrutiny of other tech companies with similar business models. It could also result in increased regulation of the tech industry and heightened investor skepticism towards tech stocks. Furthermore, it could potentially impact user trust in Bumble’s apps and other dating technology platforms.
Conclusion
Bronstein, Gewirtz & Grossman, LLC is dedicated to ensuring that investors receive compensation for their losses. The investigation into potential securities fraud claims against Bumble is ongoing, and the firm encourages investors who purchased Bumble securities prior to November 7, 2023, and continue to hold to the present to obtain additional information and assist the investigation. If you have any information or would like to discuss your rights and potential remedies, please visit bgandg.com/BMBL. The firm takes all inquiries seriously and will respond promptly.
Investors may also contact Peretz Bronstein or his team at 212-697-6484 or [email protected].
Bronstein, Gewirtz & Grossman, LLC, with offices in New York, Seattle, and California, is a corporate litigation boutique focusing on shareholder rights and securities class actions. Our attorneys have recovered billions of dollars for investors harmed by fraudulent corporate conduct or violations of securities laws.
