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| VIEW EVENT INFORMATION: Bumble |
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Bumble’s 31-Year-Old CEO Becomes A Rare Female Billionaire |
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Status: Available Now!
Type: News
Date: Thursday 11 February 2021, 12:00 AM
Media: Yahoo!
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About the organization Bumble:
Type: Business
Sub-Types: Website, Application Software, Social Networking Agent, Telecommunication, Telecommunication Software, Online Dating, Geolocation |
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Notable Organizations: Yahoo!, Bumble
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| A company catering to women and led by women has made its 31-year-old female founder a billionaire.
Shares of Bumble Inc., the owner of the dating app where women make the first move, soared 67% in its trading debut to $72 at 1:03 p.m. in New York, valuing Chief Executive Officer Whitney Wolfe Herd’s stake at $1.5 billion.
The listing caps a saga that’s both inspiration and cautionary tale for women tech founders. Wolfe Herd capitalized on an underserved market and built a multibillion-dollar company that was in a sense born from one of the most vexing obstacles to women entrepreneurs: sexual harassment.
“Hopefully this will not be a rare headline,” Wolfe Herd said Thursday in an interview with Bloomberg Television, referring to the uniqueness of Bumble’s women-led management. “Hopefully this will be the norm. It’s the right thing to do, it’s a priority for us and it should be a priority for everyone else.” |
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