Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Sept. 04, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Bumble Inc. (“Bumble” or “the Company”) (NASDAQ: BMBL) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Bumble investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: info@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The investigation focuses on whether Bumble misled investors concerning the company’s revenue guidance and profitability. On August 7, 2024, Bumble reported its second-quarter 2024 results, falling short of analysts' expectations and lowering its revenue growth forecast for 2024 to between 1% and 2%, a significant drop from the previous quarter’s forecast of 8% to 11%. As a result of this announcement, Bumble’s stock price plummeted by over 29%.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bars
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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