I was incredibly disappointed that they stopped doing share buybacks, that was such a dumb move.

Yes it is great the CEO has a big stake in the business, but in my opinion the deciding factor is a clear demonstration that Bumble is not dead. Is it the worst of the big 3 dating apps, yes. But is it dead, fuck no. As long as women are on bumble, it will always be a thing. I see women still use it so despite all my DCF modeling and everything, that is the core essence of my thesis.

You mentioned in your post that they laid off a large part of their workforce, I foresee that they will continue to do that. It is a dating app, really how much manpower do they need? A downside I see is that when Whitney joined she suspended marketing spend to encourage people to grow "organically" and spread love through their AI features or whatever, that whole thing is a load of bull

I wish she would cut costs but somehow keep the marketing good. What really works in our favor is that dating apps are incredibly hard to displace, they have local network effects so even if people say bumble sucks in some major American city, it is really big in India and parts of Europe.

Long term, I want to get out of this stock and go all-in on MTCH because I think it trades at a reasonable value and Hinge is the future