Bumble's 31-year-old CEO, who left Tinder over sexual harassment becomes billionaire

WION Web Team
New Delhi, Delhi, India Published: Feb 12, 2021, 02:03 PM(IST)

Whitney Wolfe Herd Photograph:( AFP )

Story highlights

The dating app which gives a woman the upper hand earlier raised USD 2.2 billion in an initial public offering

Whitney Wolfe Herd, at 31 has become a billionaire after her dating company Bumble's market debut saw a 67 per cent jump in shares on Thursday, 

On Thursday at 01:03 pm in New York, the dating app's shares soared 67 per cent to debut at USD 72 on the Nasdaq, taking Herd's stake at USD 1.6 billion. 

Also read | Dating app Bumble to remove body-shamers off the platform

"Hopefully this will not be a rare headline," the CEO told Bloomberg after stamping her name in the high-profile list. 

The dating app which gives a woman the upper hand earlier raised USD 2.2 billion in an initial public offering. 

"It's the right thing to do, it's a priority for us and it should be a priority for everyone else," she said on company's unique women-led management. 

Bumble is among a number of Silicon Valley tech startups, which are seeking to capitalise on record-breaking demand for new shares on US markets.

The company was founded in 2014 by Herd, who is also the co-founder of rival app Tinder.

She left Tinder 2014 and sued the co-founders of the company over sexual harassment. 

Match Group Inc, Tinder's parent ground, denied the allegations but paid nearly USD 1 million to settle the issue. 

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