Will Courting Young Daters Abroad Bear Fruit for Bumble?
In Feb. 2021, while retail investors were in the midst of a love affair with meme stocks and short squeezes, Bumble (NASDAQ: BMBL) soared 64% on its first day of trading. Evidently, early investors weren't overly concerned about whether the Bumble app would be able to compete against Match Group's (NASDAQ: MTCH) better-known dating app, Tinder.
However, it didn't take long for investors to treat Bumble stock like a jilted lover. While the tech wreck of late 2021 and early 2022 has undoubtedly created headwinds, the horrendous first-year performance of Bumble stock raises questions about the company's value proposition.
Still, as Bumble's financials improve -- and as the company expands into new markets -- Bumble stock could be a good match for risk-tolerant traders.
Source Fool.com
