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    BMBL   US12047B1052

BUMBLE INC.

(BMBL)
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Bumble : Match CEO, Bumble create funds for Texas staff after strict abortion law

09/02/2021 | 06:17pm EST
FILE PHOTO: The Bumble Inc. (BMBL) app is shown on an Apple iPhone in this photo illustration

(Reuters) - Tinder-owner Match Group's Chief Executive Officer and rival dating platform Bumble are setting up funds to help Texas-based employees seeking abortion care outside the state following its strict new law.

The state's ban on abortions after six weeks of pregnancy took effect early Wednesday morning after the U.S. Supreme Court did not act on an emergency request by abortion rights groups to block the law enabling the ban.

The fund will assist all Texas-based employees impacted by the legislation and their dependents and cover any additional costs incurred, Match CEO Shar Dubey said in an internal memo on Wednesday.

"The company generally does not take political stands unless it is relevant to our business. But in this instance, I personally, as a woman in Texas, could not keep silent", Dubey said in the memo.

Dallas-based Match, which owns a flock of dating apps, including Hinge and OkCupid, declined to comment beyond the CEO's memo.

Austin, Texas-based Bumble said in a tweet https://twitter.com/bumble/status/1433195884435681287 on Wednesday that the fund would support people seeking abortions in the state.

"Bumble is women-founded and women-led, and from day one we've stood up for the most vulnerable."

(Reporting by Mehr Bedi in Bengaluru; Editing by Sriraj Kalluvila)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BUMBLE INC. -1.70% 31.74 Delayed Quote.0.00%
MATCH GROUP, INC. -1.63% 126.19 Delayed Quote.-16.54%
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Analyst Recommendations on BUMBLE INC.
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Financials (USD)
Sales 2021 768 M - -
Net income 2021 314 M - -
Net Debt 2021 334 M - -
P/E ratio 2021 19,4x
Yield 2021 -
Capitalization 4 102 M 4 102 M -
EV / Sales 2021 5,78x
EV / Sales 2022 4,50x
Nbr of Employees 700
Free-Float 99,4%
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Technical analysis trends BUMBLE INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 31,74 $
Average target price 58,07 $
Spread / Average Target 82,9%
EPS Revisions
Managers and Directors
Whitney Wolfe Herd Chief Executive Officer & Director
Tariq M. Shaukat President
Anuradha B. Subramanian Chief Financial Officer
Ann Mather Chairman
Laura Franco Chief Legal & Compliance Officer
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