Bumble cofounder Whitney Wolfe Herd will step down as the dating app company’s chief executive, the firm announced on November 6th, as the former billionaire Wolfe Herd slides into a new role while Bumble’s growing pains as a public company continue.<br /><br />Formerly the youngest self-made female billionaire ever, the firm announced on November 6th that Wolfe Herd will exit her current post as chief executive and become Bumble’s executive chairwoman on January 2nd. <br /><br />The move follows an extended slide for Bumble stock since the company’s initial public offering in February 2021. At that time, the dating app held a nearly $9 billion valuation. But at Friday’s market close, Bumble’s $13.67 share price was 83% below its all-time high of $78.89, achieved in its first week of trading. <br /><br />Stepping in as CEO will be Lidiane Jones, who currently serves in the same capacity at workplace messaging service, Slack.
