Bumble creator Whitney Wolfe Herd steps down as chief of dating app
Whitney Wolfe Herd, who created the company in 2014, will become Bumble Inc's executive chair.
In an interview with the Wall Street Journal, Ms Wolfe Herd said she wanted to "innovate for the future of Bumble Inc and to take us 10 years ahead".
She will be replaced by Slack boss Lidiane Jones, who starts in January.
The 34-year-old Ms Wolfe Herd became the world's youngest self-made female billionaire when she took Bumble public in February 2021.
Ms Wolfe Herd has said she was inspired to create a platform where women "make the first move" by her frustration with archaic gender norms controlling dating.
Unlike most dating apps, only female users can make the first contact with matched male users, while in same-sex matches either person can send a message first.
Just after its flotation, Bumble Inc's shares hit a high of $75 but have since tumbled and, following the announcement that Ms Wolfe Herd is stepping down, they dropped to an all-time low of $12.77.
Match Group, Bumble's rival which owns Tinder and Hinge, has also seen its share price drop in that time.
Ms Jones is taking over as the boss of Bumble Inc, the parent company of Bumble and its other products which include friendship and business networking apps.
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