Investor Notice: March 25th deadline in lawsuit for investors in Bumble Inc shares announced by Shareholders Foundation

The Shareholders Foundation, Inc. announced that a deadline is coming up on March 25, 2022, in the lawsuit that was filed for certain investors in NASDAQ: BMBL shares.

On January 24, 2022, a lawsuit was filed against Bumble Inc. The plaintiff alleges that SPO’s registration statement contained inaccurate statements of material fact because they failed to disclose that Bumble’s paying user growth trends had abruptly reversed in 3Q21 and Bumble had actually lost tens of thousands of paying users during the quarter, that paying users had been more reluctant to sign up for the Bumble app during 3Q21 because of the recent price hike for paid services on the app, that 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 that as a result, Bumble’s business metrics and financial prospects were not as strong as the registration statement had represented.

Those who purchased shares of Bumble Inc. (NASDAQ: BMBL) should contact the Shareholders Foundation, Inc. The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal-related news to the stock/financial market.

The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

This article was shared with Prittle Prattle News as a Press Release.
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