Bumble shares fall over 6% on subscriber decline, AI strategy concerns
Shares of dating app Bumble fell over 6% in premarket trading on Thursday, as investors reacted to a drop in subscribers and concerns about its ability to boost spending amid doubts over the pace of its AI innovation. Faced with falling user engagement driven by persistent inflation and stagnant innovation, Bumble and its larger rival Match have been revamping their apps to win back subscribers.
