Will Bumble Be Worth More Than Match Group by 2030?
Bumble (NASDAQ: BMBL) and Match Group (NASDAQ: MTCH) have a complicated and acrimonious relationship. Bumble's founder and CEO, Whitney Wolfe Herd, previously co-founded Match's flagship dating app, Tinder, with Sean Rad, Justin Mateen, and Jonathan Badeen.
But Tinder then stripped Wolfe Herd of her co-founder title. In response, she filed a sexual harassment and discrimination lawsuit against Tinder, which was settled for over $1 million.
In 2014, Wolfe Herd partnered with Andrey Andreev, the Russian founder of a dating app called Badoo, to launch Bumble as a female-first dating app. However, Tinder sued Bumble in 2018, claiming that Wolfe Herd stole trade secrets and violated its patents, and Bumble counter-sued. That war finally ended last June, with both companies settling all their litigation for undisclosed terms.
Source Fool.com
