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Blackstone acquires controlling stake in Bumble, valuing company at $3 billion

https://www.wsj.com/articles/blackstone-takes-controlling-st...
DrakeMallard
  11/08/19
it also owns badoo which has 10x the users
evil cslg
  11/08/19
how do they make money lmao
short man
  11/08/19
TBF I did pay $2.99 a month for Tinder for like 2 months onc...
ARE Reptile
  11/08/19
Didn't realize it but apparently they have a subscription se...
bowlcut autist
  11/08/19
all dating apps have this. honestly if you're a low to mid t...
evil cslg
  11/08/19
yeah they all have this though and i doubt that many people ...
short man
  11/08/19
tons use it (think: poasters) plus the marketing profiles th...
jafar
  11/08/19
ads + selling your data (swipe history, chat logs, pics, loc...
TRUMP rulez
  11/08/19
how much $ per user do they get?
short man
  11/08/19
prob depends on the user
zoomer
  11/08/19
making money is a boomer concept, all these worthless apps a...
'''"""'''"""'''
  11/08/19
LJL at valuing this at $3 billion.
ARE Reptile
  11/08/19
surprised it's not worth more. tons and tons of pretty intim...
TRUMP rulez
  11/08/19
Just do let like 5 cos own everything. Thats where we are he...
ARE Reptile
  11/08/19
Heh
self talk
  11/08/19
So if Bumble is worth $3bn does that mean Grinder is worth $...
ARE Reptile
  11/08/19
worth $30billion to makers of PrEP
I said RESEMBLE monkeys
  11/08/19
it was bought for a few hundred million by a chinese co last...
fantano
  11/08/19
*yahoo offering few hundred billion*
CapTTTainFalcon
  11/08/19
...
InTheZone
  11/08/19
did they disclose to the buyer that mpa has a gf now?
fantano
  11/08/19
...
A Jurisprudence is Performed
  11/08/19
...
evil cslg
  11/08/19
...
zoomer
  11/08/19
...
short man
  11/08/19
...
Mr. Psilly?s Antics
  11/08/19
...
TS Amanda
  11/08/19
The Material Phenomenon That Adversely Impacted Enterprise V...
Mr. Psilly?s Antics
  11/08/19
...
fantano
  11/08/19
MPA's divorce papers fading out of future picture
zoomer
  11/08/19
so some cunt creates a tinder clone that doesn't allow men t...
jonnyBlaze
  11/08/19
Valued at. Not worth
DrakeMallard
  11/08/19
it was a guy
evil cslg
  11/08/19
How do you value something like this at more than 3x EBITDA?...
..............;...................
  11/08/19


Poast new message in this thread



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Date: November 8th, 2019 10:22 AM
Author: DrakeMallard (Let's get dangerous)

https://www.wsj.com/articles/blackstone-takes-controlling-stake-in-owner-of-dating-app-bumble-11573225201

Blackstone Group Inc. BX +0.37% is taking a majority stake in the owner of dating app Bumble as part of the private-equity giant’s broader push to invest more in fast-growing companies.

The deal, expected to be announced Friday, values dating-site parent company MagicLab at about $3 billion, Blackstone said.

As part of the deal, Andrey Andreev, the founder and chief executive officer of MagicLab, will be selling his stake in the company to Blackstone and stepping down from his role. Thirty-year-old Bumble founder Whitney Wolfe Herd will retain the vast majority of her stake and will become CEO of the company.

Together the two MagicLab executives currently own roughly 80% of the company. Blackstone will be making a multibillion-dollar investment.

MagicLab, which is profitable and has annual revenue growth of around 40%, is considered a likely candidate for an eventual initial public offering, people familiar with the matter said.

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089090)



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Date: November 8th, 2019 10:27 AM
Author: evil cslg

it also owns badoo which has 10x the users

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089113)



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Date: November 8th, 2019 10:28 AM
Author: short man

how do they make money lmao

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089118)



Reply Favorite

Date: November 8th, 2019 10:32 AM
Author: ARE Reptile

TBF I did pay $2.99 a month for Tinder for like 2 months once like 5 years ago.

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089137)



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Date: November 8th, 2019 11:46 AM
Author: bowlcut autist

Didn't realize it but apparently they have a subscription service with "premium features"

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089507)



Reply Favorite

Date: November 8th, 2019 11:47 AM
Author: evil cslg

all dating apps have this. honestly if you're a low to mid tier guy and you're looking to become a provider cuck, why not spend $25/mo on 3 dating apps to get noticed? it'll be the least expensive thing you do to score pussy

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089511)



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Date: November 8th, 2019 12:16 PM
Author: short man

yeah they all have this though and i doubt that many people use it

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089620)



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Date: November 8th, 2019 5:25 PM
Author: jafar (πŸ‘β˜€οΈπŸ‘)

tons use it (think: poasters) plus the marketing profiles they build around your userID are very lucrative

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39090921)



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Date: November 8th, 2019 11:49 AM
Author: TRUMP rulez

ads + selling your data (swipe history, chat logs, pics, location data, etc.)

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089517)



Reply Favorite

Date: November 8th, 2019 12:16 PM
Author: short man

how much $ per user do they get?

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089621)



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Date: November 8th, 2019 12:18 PM
Author: zoomer (uspo)

prob depends on the user

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089627)



Reply Favorite

Date: November 8th, 2019 5:02 PM
Author: '''"""'''"""'''

making money is a boomer concept, all these worthless apps are just worth billions because

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39090847)



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Date: November 8th, 2019 10:29 AM
Author: ARE Reptile

LJL at valuing this at $3 billion.

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089124)



Reply Favorite

Date: November 8th, 2019 11:50 AM
Author: TRUMP rulez

surprised it's not worth more. tons and tons of pretty intimate data on demographics (shrews, beta dork UMC professions, etc.) that spend a ton of $$$

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089523)



Reply Favorite

Date: November 8th, 2019 10:29 AM
Author: ARE Reptile

Just do let like 5 cos own everything. Thats where we are headed.

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089129)



Reply Favorite

Date: November 8th, 2019 10:31 AM
Author: self talk

Heh

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089134)



Reply Favorite

Date: November 8th, 2019 10:31 AM
Author: ARE Reptile

So if Bumble is worth $3bn does that mean Grinder is worth $30bn?

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089135)



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Date: November 8th, 2019 10:32 AM
Author: I said RESEMBLE monkeys (https://imgur.com/a/hC9nsFQ)

worth $30billion to makers of PrEP

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089140)



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Date: November 8th, 2019 10:34 AM
Author: fantano (ggtp)

it was bought for a few hundred million by a chinese co last year

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089147)



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Date: November 8th, 2019 10:57 AM
Author: CapTTTainFalcon

*yahoo offering few hundred billion*

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089246)



Reply Favorite

Date: November 8th, 2019 9:49 PM
Author: InTheZone



(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39091912)



Reply Favorite

Date: November 8th, 2019 10:33 AM
Author: fantano (ggtp)

did they disclose to the buyer that mpa has a gf now?

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089142)



Reply Favorite

Date: November 8th, 2019 10:37 AM
Author: A Jurisprudence is Performed (Dictated But Not Read)



(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089157)



Reply Favorite

Date: November 8th, 2019 10:50 AM
Author: evil cslg



(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089214)



Reply Favorite

Date: November 8th, 2019 10:50 AM
Author: zoomer (uspo)



(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089217)



Reply Favorite

Date: November 8th, 2019 10:57 AM
Author: short man



(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089244)



Reply Favorite

Date: November 8th, 2019 12:52 PM
Author: Mr. Psilly?s Antics



(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089753)



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Date: November 8th, 2019 5:04 PM
Author: TS Amanda (π“€π“‚ΊπŸ‘©πŸ»‍🎀)



(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39090852)



Reply Favorite

Date: November 8th, 2019 9:38 PM
Author: Mr. Psilly?s Antics

The Material Phenomenon That Adversely Impacted Enterprise Value

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39091853)



Reply Favorite

Date: November 8th, 2019 10:10 PM
Author: fantano (ggtp)



(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39091989)



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Date: November 8th, 2019 10:51 AM
Author: zoomer (uspo)

MPA's divorce papers fading out of future picture

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089220)



Reply Favorite

Date: November 8th, 2019 12:17 PM
Author: jonnyBlaze

so some cunt creates a tinder clone that doesn't allow men to message first...and now it's worth 3 fucking billion

ljl

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089624)



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Date: November 8th, 2019 12:25 PM
Author: DrakeMallard (Let's get dangerous)

Valued at. Not worth

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39089648)



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Date: November 8th, 2019 5:00 PM
Author: evil cslg

it was a guy

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39090832)



Reply Favorite

Date: November 8th, 2019 8:29 PM
Author: ..............;...................


How do you value something like this at more than 3x EBITDA? After Match, PlentyofFish, OkCupid, Tinder, eHarmony, Hinge, etc?

Seems pretty clear this shit has a 3 year life cycle. Only a matter of time before the hot 19 year olds decide to use some new app, and everyone eventually follows.

(http://www.autoadmit.com/thread.php?thread_id=4378375&forum_id=2#39091616)