Bumble Inc. ($BMBL) faces significant challenges as it reports a net loss of $1.9 million on $1 billion in revenue, highlighting a slowdown in growth. The online dating company, under the leadership of new CEO Lidiane Jones, is navigating through sluggish user spending in an industry lacking recent innovation. In response to the disappointing earnings and the need for a strategic overhaul, Bumble announced a workforce reduction of approximately 350 roles and projected weak revenue for the first quarter. This series of events has led to a sharp decline in Bumble's stock value, with shares falling as much as 11% to a record low, marking a 10.8% decrease in pre-market trading.