July 6th 2025 – Bumble CEO Whitney Wolfe Herd has announced that her company would eliminate about 30 per cent of its global workforce, with more than 160 roles in London to be cut. The online dating group’s founder who returned to the business in March, stated that “dating apps are feeling like a thing of the past”, reports the Financial Times.
Trend’s Analysis (click chart to expand): Trend Intelligence uses a customized collection of trend-following signals, expressed in aggregate as a Trend Score, to demonstrate ongoing price trends across financial market instruments and indices.
In our Bumble chart, Trend Intelligence uses its R* Momentum Indicator to indicate that its R* Area (blue) and R* Signal Line (yellow) trade below the critical zero (horizontal) cutoff line. This is, and has shown over time to be, a negative trend signal.
In addition to our R* Momentum Indicator, Bumble’s price continues to trade far below Trend’s medium-term (yellow) moving average and our Japanese Cloud indicator, shaded in blue. With respect to all signals, Trend Intelligence remains negative on Bumble until the trend shows signs of ending.
Downside News: Bumble’s market capitalisation has shrunk almost 30 per cent over the past year to about $700m, down from its $13bn IPO in 2021. Investors are concerned with Bumble’s falling revenues and industry surveys have shown that many Gen Z users suffer from dating “burnout”.
Upside News: Bumble is set to announce a series of new products, such as a photo and phone number verification system, in an attempt to convince users to stick with the service, reports the Financial Times.
- Click here to view Trend’s full report on Bumble
Authored by Trend Intelligence, London
