Summary: Bumble is one of the most popular dating platforms. To buy Bumble stock, investors can register an account with a reputable online stock broker such as eToro.
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About Bumble
Bumble (NASDAQ: BMBL) is one of the largest dating platforms. It was founded in 2014 and has since gained widespread popularity thanks to its unique online dating model that empowers women to take the lead and initiate the first contact with their matches. As of 2023, Bumble has over 12 million monthly users and more than 700 employees.
Note
How to buy Tinder stock;
How to buy OkCupid stock;
How to buy Match.com stock.
Bumble IPO
In February 2021, Bumble went public and generated $2.2 billion in capital during its initial public offering (IPO), which pushed the company’s value to over $7 billion. The company is traded on the NASDAQ under the ticker symbol BMBL, and its stock is available to the general investing public through a number of online stock brokers, such as eToro.
To buy Bumble stock, you can follow these four simple steps:
Step 1: Find a broker
To start investing in Bunble, you first need to register an account with a reputable online broker.
Our recommended broker for Bumble stock is eToro, a well-regulated platform that features:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Since selecting the right online broker can significantly shape your investment journey and influence the outcomes of your trades, you might want to explore some other options. To make an informed choice and find a broker that will meet your trading needs, it’s essential to consider a variety of factors, such as:
- Asset availability: Begin by confirming that the broker can provide you access to the specific financial assets you plan to trade or invest in (in this case, the Bumble stock);
- Security measures and regulations: Prioritize the safety of your data and funds by looking for brokers that implement robust security measures and hold licenses issued by reputable financial institutions;
- Fees and account minimums: Understand the broker’s fee structure and see how it may impact your overall returns. For example, you can consider factors such as commission and account maintenance fees and any other charges associated with trading or account management. Moreover, take note of any minimum deposit or balance requirements set by the broker;
- Account types: Check if the broker offers different types of accounts to cater to your specific needs. That includes individual accounts, joint accounts, retirement accounts, etc.;
- Customer support: Reliable customer support can be invaluable when you encounter issues or have questions about your account or trading activities.
Step 2: Register and fund your account
Once you’ve found a broker, you can open a trading account. To do so, you’ll need to provide your personal and banking details, choose a preferred payment method, and make an initial deposit you can use to trade.
Note
Most major brokers nowadays offer multiple funding options, including:
- Bank account transfers.
- Wire transfers.
- Third-party payment systems like PayPal.
- Transfers from other accounts.
Note
Step 3: Place your order
After you’ve registered an account, you can proceed with your order. To do that, you can:
- Locate the Bumble stock by looking it up on your broker’s platform (you can usually search for the ticker symbol or the company’s somewhere within the main trading interface by using the search bar function);
- Determine your order type (e.g., choose a market order for an immediate purchase or limit order to set a specific price at which you wish to buy the stock in the future);
- Specify the number of shares you want to buy;
- Review all details and confirm the transaction.
Step 4: Monitor your investment
Once you’ve got the Bumble stock in your portfolio, you should try reviewing your investment regularly. You can do it on a weekly, monthly, or any other basis, depending on your investment strategy and goals. No matter what, though, be sure you follow the performance of not only the Bumble stock but some other similar platforms as well. By keeping track of broader industry trends, you will be in a better position to adjust your investing strategy and spot new potentially profitable opportunities as they present themselves to you in the future.
Bumble stock price today
How to buy Bumble stock safely
Investing in Bumble and similar stocks can lead to lucrative returns. However, it’s crucial to understand that all investments are risky, so profits are never guaranteed. Still, there are a few things you can do to minimize risks and increase your chances of profit. For starters, you can steer clear of some common investment mistakes, such as:
- Insufficient Research: Thoroughly research the companies you intend to invest in and assess their financial stability by conducting fundamental analysis;
- Overtrading: Avoid excessive buying and selling, as it can result in higher fees and diminished returns;
- Following hype and letting emotions influence your decisions: Making investment decisions based on emotions can lead to impulsive buying or selling. Instead, try to follow a well-defined investment strategy;
- Neglecting diversification: Don’t waste all your capital on a single stock. Instead, diversify your investments to distribute risk effectively.
Pros and cons of investing in dating platforms
Pros
- Growth: The online dating industry has been experiencing significant growth over the years, especially recently in the wake of the COVID-19 pandemic;
- Solid revenue: Many dating platforms offer premium accounts, so users often pay monthly or annual fees for additional features. In addition, dating platforms generate revenue through ads and in-app purchases, which contribute to platform profitability;
- User engagement: High user engagement is typical of dating apps. That is, people actively use these platforms to find partners, which increases their time spent using the app;
- Global reach: Popular dating platforms can have a huge global user base.
Cons
- Competition: The online dating market is highly competitive, and some of Bumble’s rivals include highly popular platforms such as Tinder;
- User retention issues: Maintaining a user base can be hard for dating platforms. That is, many users join and leave dating platforms quickly, so constant innovation is a must;
- Brand reputation: Negative experiences related to user privacy and safety can easily be detrimental to the stock’s performance;
- The stock has been falling in the light of CEO Wolfe Herd’s departure: Bumble CEO and founder Wolfe Herd announced she would be stepping down from her position in November 2023, knocking the stock prices down to a record low.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Bumble stock
How can I invest in Bumble?
You can invest in Bumble by buying its stock through a regulated online stock broker such as eToro.
How to buy Bumble stock?
To buy eToro stock, you can register an account with a regulated online stock trading platform such as eToro.
Does Bumble have a direct stock purchase plan?
No, Bumble does not have a direct stock purchase plan. However, you can buy its stock from a regulated stock broker such as eToro.
Does Bumble pay dividends?
No, Bumble does not pay dividends.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
