Founded in Austin, Texas in 2014, Bumble is the second-largest dating app by market share in the US. In a crowded industry, it found success by positioning itself as female-centric, with its defining feature being that only women could initiate conversations on the app.
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Whitney Wolfe Herd founded dating app Bumble in her 20s after co-founding Tinder. She was inspired to create Bumble partly due to an experience she had with female friends who made fun of her for making the first move with a man she went on a date with.
That year, Bumble Founder Whitney Wolfe Herd became the youngest female CEO to ever take a company public. The company pivoted during 2020's COVID-19 pandemic lockdowns, focusing its marketing strategy on promoting social-distanced dating and its video chat features.
Whitney Wolfe Herd founded Bumble as a female-focused alternative to Tinder in 2014, inspired by the harassment she saw women on Tinder facing when she worked there. Instead of both parties being able to message each other first, on Bumble, women had to make the first move.
The ads were meant to promote a new option on the dating app that allowed men to message first in opposite-sex matches—a significant change to the app's signature "women make the first move" feature. Bumble later apologized for the ads on Instagram. Bumble shares fell 54% after the brand removed the signature feature and allowed men to message first.
When Wolfe Herd stepped down as CEO in 2024, assuming an executive chair role, she said she was eager to return to her "founder roots" and do more big-picture thinking. However, when her replacement as CEO, the former Slack CEO Lidiane Jones, left the company "for personal reasons," Wolfe Herd once again assumed the CEO role. (Some users may experience a paywall.)
CEO and Founder Whitney Wolfe Herd said the company is still performing very well. She added that the business makes $1B per year and referred to it as profitable. She went on to say "who knows what people trade stock on?" and that she believes the stock market has written Bumble off as if it were debt
As of April 17, 2026, its market cap was roughly $550M. Experts attribute the decline to a multitude of factors, including slowing user growth and increased competition from Match Group-owned dating apps like Hinge.
Wolfe Herd, who cofounded Tinder and was its VP of marketing, left the company in April 2014 after dating a Tinder cofounder who became "verbally controlling and abusive." In September of that year, she received a more than $1M settlement from her lawsuit against the company.
While Tinder took up about 25% of US dating app market share as of 2024, Bumble wasn't far behind at 24%. Up-and-comer Hinge sat in third place with 18% of US market share.
Founder Whitney Wolfe Herd was criticized at the time for telling staff to "calm down" during a company-wide call informing staff of the layoffs. "I see a lot of freaking-out emojis, y'all need to calm down … everyone's going to have to be adults in dealing with this," she said on the call. (Some users may experience a paywall.)
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