Whitney Wolfe Herd Leaves as Bumble CEO After a Decade

Whitney Wolfe Herd Leaves as Bumble CEO After a Decade

Whitney Wolfe Herd, who founded female-focused dating app Bumble a decade ago, is stepping down and will be replaced by Lidiane Jones, chief executive of workplace messaging platform Slack, Bumble said Monday.

Ms. Jones will succeed Ms. Wolfe Herd as Bumble’s chief executive on Jan. 2, the company announced. Ms. Wolfe Herd will remain at Bumble as Executive Chairman. The news was reported earlier by the Wall Street Journal.

Ms. Wolfe Herd, 34, who is also a co-founder of the dating app Tinder, said in a statement that she was passing the baton to a leader and a woman she deeply respected.

“This move to Executive Chairman gives me the opportunity to step into an exciting new role, return to my roots as a founder and bring immense passion and focus to this next chapter of growth,” she said. -she declared.

Bumble, which requires women to make the first move, went public in 2021, briefly making Ms. Wolfe Herd one of the world’s few female billionaires, according to Bloomberg. As of June, the dating app had 2.5 million paying users, according to to Bumble’s second quarter earnings report. bumblebee goes publish its third quarter results Tuesday.

About a third of adults in the United States have used a dating app, according to a Pew Research Center survey conducted last year. But dating apps reported a slow rise in revenue and slowing user growth last year, underscoring some investors’ concerns about the sector becoming oversaturated, according to a report. Morgan Stanley Report.

The stock price of Match Group, which owns dozens of online dating services including Tinder, Match.com, OkCupid, Hinge and Plenty of Fish, fell more than 15% on Wednesday, a day after the Company lowered its revenue forecast for 2023 in its third quarter earnings report. The number of users paying for Tinder fell 6% from the same period a year earlier, Match said.

Ms. Jones, originally from Brazil, took over as CEO of Slack, a workplace communications platform owned by Salesforce, in January. Before that, she was an executive at Salesforce and spent nearly 13 years at Microsoft. She told the Wall Street Journal that she was focused on how Bumble could use artificial intelligence to speed up matchmaking on the app.

“As a woman who has spent her career in technology,” Ms. Jones said in a statement, “it is a gift to read about my experience leading a company dedicated to women and encouraging equality, integrity and kindness, all deeply personal and inspiring. take.”

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David B.Otero

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