Key facts: Goldman Sachs analysts reported a decline of over 35% in Bumble's app downloads year-over-year, citing reduced marketing efforts and heightened competition from rivals such as Hinge and Tinder.
Goldman Sachs analysts reported a decline of over 35% in Bumble's app downloads year-over-year, citing reduced marketing efforts and heightened competition from rivals such as Hinge and Tinder.1
Goldman Sachs has reduced its price target for Bumble shares from $8.00 to $7.00.2
