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A Nobel Peace Prize Winner Was Refused Medical Care In Prison Because She Wouldn’t Wear A Headscarf. Now, She’s On A Hunger Strike.Monday morning, as the former billionaire Wolfe Herd slides into a new role while Bumble’s growing pains as a public company continue.Wolfe Herd will exit her current post and become Bumble’s executive chairwoman Jan. 2, handing over the CEO reins to Lidiane Jones, who currently serves in the same capacity at workplace messaging service Slack.
The move follows an extended slide for Bumble stock since the company’s February 2021 initial public offering; Bumble’s $13.67 share price at Friday’s market close was 83% below its all-time high of $78.89 achieved in its first week of trading.Bumble stock slid 9% to about $12.40 in early Monday trading following the news of the CEO transition, trading well below its all-time low closing price of $12.90 set last week.
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