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Tag: whitney wolfe herd

  • ‘Shut it down!’ — Bumble founder Wolfe Herd is terrified that there’s a new Hulu biopic about her life and wanted to block it two years ago | Fortune

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    Bumble founder Whitney Wolfe Herd is facing a situation that few tech executives ever encounter: watching her own life story dramatized on screen — without her involvement.

    Hulu’s new biopic about the 35-year-old entrepreneur premiered on Sept. 8. Swiped stars Lily James as Wolfe Herd and traces her dramatic rise from Tinder cofounder to Bumble CEO and youngest woman to take a company public. But Wolfe Herd herself says the project has left her deeply uneasy.

    In an interview with CNBC’s Julia Boorstin, Wolfe Herd admitted she only learned of the film once it was already “off to the races,” with a script in hand and production underway. Her discomfort ran so deep that she asked her lawyer to intervene.

    “I even was asking my lawyer two years ago, ‘What do I do? I don’t want a movie made about me. Shut it down!’” Herd recalled.

    As she acknowledged, public figures often have little legal recourse to stop projects based on publicly known stories.

    The experience has been unsettling. Wolfe Herd said she finds the idea of a movie about her life “too weird,” confessing she hasn’t been able to watch the trailer all the way through. At the same time, she expressed some appreciation for the casting choice, calling it an “honor” to be portrayed by James. Still, the mix of emotions has left her conflicted.

     “I’m obviously both terrified and maybe slightly flattered,” she said. “But the strangeness and the fear of it outweighs any flattery.”

    The film arrives at a moment when Hollywood has increasingly turned to Silicon Valley for inspiration. Hulu’s The Dropout chronicled Elizabeth Holmes and Theranos, Apple TV+’s WeCrashed dramatized Adam Neumann and WeWork, while older films put the lives of Steve Jobs and Mark Zuckerberg on screen.

    These projects try to infuse the adrenaline of Silicon Valley invention with the staidness of business reality. And Wolfe Herd’s career—with its combination of early success, controversy, and ultimately a billion-dollar IPO—fits neatly into the genre.

    Indeed, Wolfe Herd’s story is, in many ways, cinematic. Born in Salt Lake City, Utah, to a family invested in both philanthropy and property development, she launched her first business before 21, which was a bamboo tote bag project to raise funds for those affected by the BP oil spill of 2010. She was instrumental in Tinder’s meteoric rise but left following a high-profile lawsuit, only to cofound Bumble in 2014—a dating app premised on women making the first move. 

    In 2021, Wolfe Herd became the youngest woman in history to take a company public, ringing the Nasdaq bell with her son on her hip. Today, Bumble boasts millions of users and a reputation for promoting safer, more empowering online interactions.

    But success doesn’t always mean control over your own story. Hulu’s film, directed by Rachel Lee Goldenberg and drawing extensively from public records, lawsuits, and media accounts, bypassed Wolfe Herd’s participation from the start. Some critics have described the movie as entertaining but “thin,” relying on the broader narrative of girlboss ascent while acknowledging the lack of deep input from its subject.

    It currently has a 37% rating on Rotten Tomatoes. 

    For Wolfe Herd, the challenge is less about accuracy than about the loss of agency. As someone who built her career by upending traditional dynamics and giving women more control over their interactions online, having no say in how her own story is told feels dissonant. 

    She admits she may eventually watch the film, but not without hesitation.

     “I guess I gotta get some popcorn and stay tuned,” she said with a wry resignation.

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    Eva Roytburg

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  • Whitney Wolfe Herd’s Net Worth Revealed After Losing Her Billionaire Status When She Temporarily Left Bumble

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    She’s the youngest self-made billionaire in the world. Whitney Wolfe Herd is the woman behind two of the most well-known dating apps in the world: Bumble and Tinder. And now her life story is immortalized in the new Hulu film, Swiped.

    Making two dating apps was an unexpected journey for Wolfe Herd, but she persisted nonetheless. “I didn’t go to business school to take a formal job at a formal company, nor did I code a brand-new product in my dorm room,” she told Thought Economics. “I don’t come from the kind of background that would ever lead me, from a historical standpoint, to the career I’m in.  Credentials don’t always define who someone is, or who they’re going to be.”

    Related: Elizabeth Holmes’ Net Worth Plummeted to $0 After Her Imprisonment For Fraud

    So how exactly did she build her dating app empire? Swipe down below.

    What is Whitney Wolfe Herd’s net worth?

    Whitney Worlfe Herd’s net worth is estimated to be $400 million according to Forbes and $600 million according to Celebrity Net Worth. At her peak, she was worth about $1.5 billion in early 2021. However, when Bumble’s capitalization slipped to below $2 billion, her fortune also plummeted.

    Whitney Herd Wolfe was named Tinder’s Vice President of Marketing after she helped out the app during the early days. She left the company after disagreements with executives and she accused workers of sexual harassment. “I was inundated with hatred online, lots of aggressive behavior, people calling me names, really painful things that I’d never experienced,” Wolfe Herd told The Times in 2018. “I felt like my entire self-worth, any confidence that I had, had been sucked away. There were dark times when I thought, ‘Well, this is it. I won’t have a career ever again. I’m 24, coming out of one of the world’s hottest tech companies, but the internet hates me.’ It was a horrible time. Then I woke up one morning and thought, ‘I’m going to rebuild myself.’” She won

    The following year, she teamed up with London-based Russian billionaire Andrey Andreev to create a female-focused dating app that lets them swipe and start the conversation first. By 2018, 22 million users had used the app, and a little over 10% were paying users. Several companies eyed the growing dating app in its early years, as Herd turned down a $450 million buyout offer from the Match Group in 2017. The founder owns 21% of Bumble’s outstanding, which proved to be beneficial when Bumble went public.

    Herd Wolfe left Bumble for a short period after experiencing complete “exhaustion” in 2024. She rejoined the company in early 2025 after the company was experiencing more financial losses after optioning the choice for men to reach out for. “Ultimately, even if it’s not what I necessarily would have signed up for, I felt like it was happening for me,” she told The New York Times about her return. “Bumble needs me back. Watching it fall from its peak has been very hard. And so I raised my hand to the board and said, ‘Listen, I’d like to put my hat back in the ring.’”

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    Lea Veloso

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  • Match and Bumble Dominate Online Dating. But Do They Make Good Investments?

    Match and Bumble Dominate Online Dating. But Do They Make Good Investments?

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    Bumble is one of the fastest growing dating apps. Unsplash

    With Valentine’s Day quickly approaching, it’s time to talk about whether you’re getting your bang for your buck when it comes to dating apps, many of which charge a monthly fee to use and have shares publicly traded on stock exchanges. If you’re lucky, hours spent swiping on Tinder will pay off in the form of a soulmate, but we are not just talking about dividends in romance. 

    Online dating is the most popular way that couples meet, according to a 2019 study by Stanford sociologist Michael Rosenfeld. With more than 300 million people using dating apps around the world, the business of swiping left and right is expected to grow rapidly and reach $14.42 billion in revenue by 2030. The largest two players in the dating app market today are Match Group and Bumble (BMBL). Match, which owns Match.com, Tinder, Hinge and several other dating apps, alone accounts for about 30 percent of the market

    While publicly traded dating apps have lagged behind the Dow Jones and S&P 500 indexes over the past few years and Silicon Valley investors are reluctant to bet on this category altogether, the largest dating app companies actually perform fairly well financially. Match, for example, has seen its revenue and profit grow in recent years. In 2022, its host of dating apps brought in $3.1 billion in revenue, 62 percent of which came from subscription. 

    During the third quarter of 2023, the most recent time period with available financial information, Match’s revenue rose 9 percent year-over-year to $882 million with an operating profit of $244 million, giving it a profit margin of nearly 20 percent.

    One item of concern in Match’s financial report, however, is a decline in the number of paying users. Subscribers to all Match-owned apps fell 5 percent in the September quarter year-over-year to about 15.7 million, with Tinder feeling the brunt of the loss as a result of a 50 percent price hike last year. Tinder now charges $24.99 per month for its platinum membership, inching closer to Bumble’s $39.99 monthly plan, one of the most expensive on the market.

    Read Also: Match Group CEO Mandy Ginsberg Deciphers the Business of Love

    After the pandemic spurred the busiest year of online dating in Tinder’s history, the app took note of what attracted Gen Z users, observing that the younger generations value authenticity, boundaries, and fluidity when seeking relationships. On a call with analysts in November 2023, Match CFO Gary Swidler said the company has adapted to Gen Z users’ preferences in the form of weekly subscription. “What management is trying to do there is create an app refresh and change the product to try to give the Gen Z audience more of what they’re looking for, which is to be more self-expressive,” Ygal Arounian, an analyst with Citigroup, told Observer. 

    Meanwhile, Hinge remains a standout in Match’s portfolio of dating apps. With user numbers exploding in recent quarters, the relationship-centered app is on pace to reach $400 million in sales this year, according to Match’s latest quarterly earnings report. 

    Match’s leading competitor, Bumble, came onto the online dating scene in 2014 offering a female-focused experience. While a younger company, Bumble’s niche has allowed for consistent revenue and user growth. The company’s total revenue increased 18.4 percent to $275.5 million in the third quarter of 2023 from a year prior. Paying users also increased to 3.8 million from 3.3 million year-over-year.

    While these are impressive numbers, monetizing dating apps that are “designed to be deleted” has proved to be a challenge. Most dating apps utilize a “freemium” model where the service and platform are free but users can pay to improve their experience. Match, Tinder, Hinge and Bumble each offer tiered membership plans with prices ranging from $9.99 to $500 per month. According to an analysis by Morgan Stanley, about 32 percent of the U.S.’s single population use online dating and, of those, slightly more than a quarter pay. 

    “It’s a balance,” said Arounian. “Both Match and Bumble are trying to convert free users to paying users, but they need to maintain the quality of the experience while being careful about putting too many things behind a paywall and hurting the experience.”

    While the Match family of dating apps remain the largest in the market, Bumble is growing fast, on track to secure 20 percent of dating app users in the U.S., according to InvestorPlace. However, recent leadership changes could mean uncertainties down the road. In November 2023, Lidiane Jones, former CEO of Slack, took over as CEO of Bumble, replacing the app’s founder Whitney Wolfe Herd. 

    As for Match, the company may be facing shareholder activism in the coming months. Activist hedge fund firm Elliott Management has been slowly increasing stake in the company to $1 billion to become its third largest shareholder, suggesting a push for some sort of governance or strategic changes. 

    Match and Bumble Dominate Online Dating. But Do They Make Good Investments?



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    Maddie Whitaker

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