Bumble didn't find its match on the stock market
Marketplace Tech

Bumble didn't find its match on the stock market

B2Upper-intermediateOctober 21, 20269 min

When Bumble went public five years ago, the dating app known for being a friendlier place for women was valued at $14 billion. But the dating business, the tech industry and the stock market have changed a lot since then. And shares declined 90% from their peak. Now, the company is going private again. It's being acquired by private equity firm Ithaca Holdings, with two new CEOs taking the helm. Sarah Kunst, managing director at the venture firm Cleo Capital and former senior advisor at Bumble, explains what this all means. More on this: <...

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Sentence 12 of 12 · 0:27

from getting LA to pull its money

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B2

B2 · Upper-intermediate

Comfortable if you already follow TV news

A1 33%A2 28%B1 17%B2 22%C1 1%
  • 77% of the words are B1 or easier.
  • 213 words a minute: natural, fairly fast speech.
  • 65 harder words (B2 and up) in the whole episode.

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0:00

Money ultimately decides what gets built, what survives. Money decides what future becomes possible. So change where money goes and who controls it, then you change what becomes possible.

0:11

That's Trinity Tran, Ted Fellow and co-founder of the California Public Banking Alliance and Public Bank LA. A public bank is owned by the people through their local government.

0:21

And Trinity's spent nearly a decade pushing to make that a reality, from getting LA to pull its money out of a large-scale private bank

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