Mar. 13 at 7:32 PM
Bumble stock surged 34% to
$3.81, marking its largest one-day gain in four years, after the company unveiled new AI-driven features aimed at revitalizing its dating platform.
CEO Whitney Wolfe Herd said Bumble is integrating AI into its matching algorithm and developing an AI-powered assistant called “Bee,” designed to act as a personalized matchmaker that learns about users through conversations and suggests compatible matches. The feature is currently being tested internally and is expected to enter beta soon.
Dating apps have struggled with “dating app fatigue,” as many users shift toward meeting people in person. Bumble’s shares are still down about 22% over the past year, while rival Match Group has been roughly flat and the Nasdaq Composite has gained around 25%.
$BMBL $COMP