$460M market cap company that did $284M cash flow last year, with only $300M net debt. That's a 1.5x cash flow multiple, compared to 8x for ADBE, 6.5x for LULU.
The catch is their users have been dropping 5% every quarter...
I did a full writeup here: [https://gregw134.substack.com/p/bumble-buyout-rumors](https://gregw134.substack.com/p/bumble-buyout-rumors)
