Bumble forecasts weak fourth-quarter revenue, shares fall

Bumble forecast fourth-quarter revenue below Wall Street estimates on Tuesday in a sign that sticky inflation and growing competition were weighing on user spending on its dating apps, sending shares down more than 6% in extended trading.

The lackluster forecast comes a day after Bumble said its founder Whitney Wolfe Herd would step down as CEO, the second major executive departure at the company, and will be succeeded by Slack Chief Executive Lidiane Jones.