Markets
Jonathan Gray
Blackstone President and COO Jonathan Gray (Patrick T. Fallon/AFP)

Bumble drops after big shareholder Blackstone and founder Wolfe Herd move to sell a huge chunk of the company

Together the sales, which come after disappointing earnings report, account for more than 17% of the company’s shares outstanding.

J. Edward Moreno
8/14/25 9:08AM

Shares of dating app Bumble plunged after big shareholder Blackstone and Bumble founder and CEO Whitney Wolfe Herd filed to sell more than 17% of the company.

Blackstone, which was listed in regulatory filings as several numerical holding companies with the title “BX Buzz” and an address “c/o the Blackstone Group,” registered to sell nearly 16.7 million shares, which would amount to about 16% of Bumble’s shares outstanding. The filings were signed by Robert Brooks, Blackstone’s senior managing director and head of private equity finance. According to the latest FactSet data, Blackstone recently owned more than 27% of the company.

Wolfe Herd, Bumble’s founder who recently returned as CEO, also filed to sell about 1.4 million shares, or $9.7 million worth, at the stock’s closing price. FactSet shows her stake was recently about 2.1 million shares.

Blackstone and Bumble didn’t immediately respond to requests for comment.

Shares of Bumble were down 18% to $5.88 in early trading.

Blackstone sold chunks of its position for about $6.50 a share, significantly less than the $7.15 the stock closed at on Wednesday, the filings show. The dating app, which has struggled to spark sales growth, recently reported a surprise loss for the second quarter of this year.

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Luke Kawa
21h

Robinhood, AppLovin, and Emcor pop on announcement of addition to S&P 500

Shares of Robinhood Markets, AppLovin, and Emcor are all rallying in post-market trading on Friday upon news that they’re being added to the S&P 500.

Shares of the brokerage popped 7.2%, the adtech company rose 7.8%, and the construction company was up a more modest 2.7% in the minutes following the announcement.

(Robinhood Markets, Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)

Strategy, another stock rumored to be in the running for inclusion in the benchmark US stock index that has been passed over, sank 2.5% in postmarket trading.

Nia Warfield, Luke Kawa
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S&P 500 falls as rate-cut optimism fizzles

The S&P 500 gave up early gains to close down 0.3%, while the Nasdaq 100 eked out a 0.1% advance and the Russell 2000 outperformed, rising 0.5%.

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Nia Warfield
23h

Kenvue plunges after reports suggest RFK Jr. may try to link prenatal Tylenol use to autism

Kenvue sank 15% Friday after a WSJ report said Health and Human Services Secretary Robert F. Kennedy Jr. may attempt to link prenatal Tylenol use to autism in an upcoming government report.

Kenvue, the maker of Tylenol and formerly a division of Johnson & Johnson prior to a 2023 spin-out, pushed back, saying the science shows “no causal link” between acetaminophen use during pregnancy and autism, and pointed to FDA and medical groups that agree on the drug’s safety.

The FDA itself has found no “clear evidence” of harm but advises pregnant women to consult providers before taking OTC meds.

The report is also expected to float a folate-derived therapy as a potential treatment.

Tylenol is just the latest well-established medication to face scrutiny under Kennedy, who has already stirred controversy by reshaping vaccine policy and amplifying doubts about mRNA shots.

Kenvue shares are now down over 18% year-to-date.

RFK Jr., HHS to Link Autism to Tylenol Use in Pregnancy and Folate Deficiencies

RFK Jr.

The FDA itself has found no “clear evidence” of harm but advises pregnant women to consult providers before taking OTC meds.

The report is also expected to float a folate-derived therapy as a potential treatment.

Tylenol is just the latest well-established medication to face scrutiny under Kennedy, who has already stirred controversy by reshaping vaccine policy and amplifying doubts about mRNA shots.

Kenvue shares are now down over 18% year-to-date.

markets
Max Knoblauch
23h

Lucid surges following 6 days of losses after headlines misidentify Cantor Fitzgerald’s lower split-adjusted price target as a good thing

It’s been a shortened week, but still a rough one for Lucid. Investor blowback to the luxury EV maker’s 1-for-10 reverse stock split has sent shares to all time lows this week.

After six straight days of closing lower, Wall Street appears to have decided enough is enough and is loading up on Lucid shares on Friday, sending them up 13% in recent trading. As of 2:10pm eastern, Lucid trading volumes were at more than 240% of their 30 day average.

Some of the move could be attributed to traders reading headlines that don’t take into consideration Lucid’s reverse split. Cantor Fitzgerald on Friday slapped a new price target on Lucid of $20, compared to its previous target of $3. Some news outlets (not us!) presented that as an increase. The problem: With the 1-for-10 reverse split in effect, a comparable price target would have been $30. The new $20 target is actually... a cut.

Matt Phillips
9/5/25
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