Faced with falling user engagement driven by persistent inflation and stagnant innovation, Bumble and its larger rival Match are revamping their apps to win back subscribers
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Shares of dating app Bumble fell over 6% in premarket trading on Thursday, August 7, as investors reacted to a drop in subscribers and concerns about its ability to boost spending amid doubts over the pace of its AI innovation. “While we’re not overly optimistic on the industry, sentiment in the space is already anemic,” analysts at RBC Capital Markets said. “..It may not yet be the darkest before the dawn,” they added.
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