Bumble Explores Potential Sale as Dating Industry Slowdown Deepens
Bumble is working with Morgan Stanley to explore a sale as revenue fell by around 10%, paying users dropped more than 20% in Q1, and its stock price plunged.
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#News-Driven Stocks↓
Wendy’s Surges in Premarket as Retail Traders Launch “Save Wendy’s” Meme Campaign
High short interest, new CFO appointment, and activist investor Trian fuel the rally.
Varonis Shares Surge as Blackstone, Thoma Bravo, and Vista Eye Potential Takeover
Varonis Systems shares jumped after Bloomberg reported the data security company is exploring a potential sale to major private equity firms including Blackstone, Thoma Bravo, and Vista Equity.
SPS Commerce Explores Sale After Activist Investors Turn Up the Heat
The company is working with Morgan Stanley, with private equity firms expected to show interest.
Edgewell Rebuffs Yellow Wood’s $30/Share Acquisition Proposal Amid Portfolio Shift
Shares surged 10% after the news as the company focuses on its core grooming and sun care portfolio.
Citi Stays Bullish on Roblox Despite Stock Drop and Weak CCU Trends
Despite launching Grow a Garden 2, Roblox saw a 5% year-over-year decline in users. Citi maintains a Buy rating and a $70 price target amid Q2 concerns.