BUMBLE'S STOCK BUZZING WHILE STOCKS ARE UP & COMMODITIES ARE DOWN!

Bumble is an online dating app where the girls take the initiative. Recently, like many other companies, conveniently went public just last year. Since opening at a price of 76, the stock has dropped over 70% reaching 15.92 March 8th after the markets took a big hit. Today stocks are looking very optimistic with the S & P 500 up over 2.7%, NASDAQ up over 3.5%, and DOW up 2.4%. Inversely, bonds, oil, gold, and most commodities are retreating a few percentages after rallying from the controversy caused by Russia (Also, inflation is at 7.5%, shipping issues are still holding companies back and interest rate increases are right around the corner). Bumble released earnings that were under expected, one factor, omicron did not help the social interaction company. today showing a 26% increase in revenue which was only 208.2 million while 209.6 was expected. Paying users grew 1% to 2.98 million while analysts expected 3 million. Bumble recovered 40% of the 50% loss a day prior after releasing this news. Is this an industry even worth being in? In my opinion no, use opportunity cost cost to you advantage, you can diversify in sectors that are actually more profitable as well as more reliable.

https://finance.yahoo.com/news/bumble-optimistic-forecast-reassures-investors-230037693.html