Bumble Acquires Social Platform Geneva
- Friday, June 07 2024 @ 02:30 pm
- Contributed by: kellyseal
- Views: 499
Bumble is expanding its focus with the acquisition of Geneva, a platform built around connecting people with groups and clubs to help “build community.”
According to Tech Crunch, the acquisition further expands Bumble’s platform beyond dating in the hopes of gaining new users and growing revenue. As Tech Crunch noted, the company laid off a third of its workforce earlier this year, and has been struggling to increase its paying userbase along with other dating apps.
The terms of the deal were not disclosed with the announcement according to Tech Crunch, but as it pointed out, Bumble CEO Lidiane Jones has said that the company will be pursuing acquisitions to drive growth. This new purchase indicates the company is interested in community-building on its platform, likely to drive engagement.




