00:00 It's Benzinga, and here's what's on the block.
00:02 Dating app Bumble faced backlash for a billboard ad campaign that seemingly shamed women for not
00:07 being sexually active and mocked celibacy. Bumble apologized, saying the ads were meant
00:12 to appeal to those frustrated by modern dating, but instead did the opposite.
00:16 The company will remove the ads and donate the billboard space to organizations supporting women,
00:21 including the National Domestic Violence Hotline.
00:23 This follows Bumble announcing layoffs in February and its stock price falling 45%
00:28 since last July, as young adults opt for in-person or social media connections over dating apps.
00:33 For all things money, visit Benzinga.com.
