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EBay's stock is rising after strong Q4 results and guidance, beating revenue and EPS estimates. The company increased its quarterly dividend and authorized a $2 billion stock repurchase program. Bumble, on the other hand, reported Q4 revenue slightly below estimates and plans to lay off 350 employees, signaling a slowdown in spending on dating apps.
eBay Shares Rally as Earnings and Guidance Top Estimates https://t.co/qFuPpyaPcM
Bumble reports Q4 revenue up 13% YoY to $273.6M, a $32M net loss, vs. $159.2M YoY, and plans to eliminate 350 roles, about 37% of its workforce (@ashleycapoot / CNBC) https://t.co/AccM9KmGbe 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/CNZ7wV7Gwy
Bumble is cutting about one-third of its workforce after a recent executive shakeup as the online dating app company seeks to overhaul its app to revive slowing user growth. https://t.co/WEjDlLR18l via @technology