Bumble shares surge as investors swipe right on AI-powered reboot

Bumble shares jumped more than 40% in early trading on Thursday after the company posted upbeat fourth-quarter revenue and unveiled an AI-driven overhaul of its apps to lure back younger users.

The rebound comes after years of losses and battered investor confidence, with the stock losing half of ‌its value last ⁠year as ⁠growth in the online dating market slowed amid stiff competition.

CEO Whitney Wolfe Herd is betting that a revamped product could reinvigorate growth and appeal to younger users who complain of swiping fatigue.