(NASDAQ GS: BMBL)
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Bumble Inc. ("Bumble") on behalf of stockholders. A class action complaint has been filed against Bumble. The complaint alleges that Bumble's secondary public stock offering registration statement contained inaccurate statements of material fact because it failed to disclose that: (i) Bumble's paying user growth trends had abruptly reversed in the third quarter of 2021 and Bumble had actually lost tens of thousands of paying users during the quarter; (ii) paying users had been more reluctant to sign up for the Bumble app during the third quarter of 2021 because of the recent price hike for paid services on the app; (iii) a material number of paying users were leaving the Badoo app and/or could not make payments through the Badoo app due, in substantial part, to problems arising from Bumble's transition of its payment platform; and (iv) as a result, Bumble's business metrics and financial prospects were not as strong as the registration statement had represented.