Bumble's Paying User Drop Sparks Concerns over Pace of AI-Driven Revamp

Bumble plunges as AI revamp strategy fails to woo investors amid falling paying users

(Reuters) -Bumble shares slumped 17% on Thursday after another quarter of declines in paying users raised questions about the dating app operator's turnaround efforts, including AI initiatives, and long-term growth prospects.

Bumble's paying user drop sparks concerns over pace of AI-driven revamp

Bumble's paying users fell in the second quarter, the dating app operator said on Wednesday, clouding hopes of a quick turnaround and sending its shares slumping 8 per cent in extended trading.The company, which operates an eponymous app, has turned to artificial intelligence to combat the "dating fatigue" th

Bumble User Decline Raises Doubts Over AI Strategy Amid Revenue Beat

Bumble reported a drop in paying users for the second quarter, sparking concerns over the effectiveness and speed of its artificial intelligence-driven revamp. The announcement sent shares down 8% in extended trading on Wednesday.

Bumble sees decline in paying users as focus on 'better swipes' yet to pay off

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