Investigation announced for Investors in Bumble Inc. (NASDAQ: BMBL) over potential Wrongdoing

An investigation was announced for long-term investors in shares of Bumble Inc. (NASDAQ: BMBL) concerning potential breaches of fiduciary duties by certain directors of Bumble Inc..

Investors who are current long term investors in Bumble Inc. (NASDAQ: BMBL) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: BMBL stocks follows a lawsuit filed against Bumble Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: BMBL stocks, concerns whether certain Bumble directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims 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) have certain options and should contact the Shareholders Foundation.

Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.