February 20, 2025
Tech News
Bumble’s shares plunged 27% on Wednesday after the dating app operator signaled a slow turnaround with a disappointing revenue forecast for the first quarter. This decline marks a significant 40% drop in the company’s stock over the past year, with key changes in leadership recently announced.
In an effort to attract younger users, Bumble is optimizing its app’s features, including the “make the first move” initiative, which now integrates “opening moves” to encourage engaging conversations. However, despite layoffs and operational shifts, analyst concerns persist about the company’s long-term profitability and competitiveness with Tinder’s parent, Match Group.
In other corporate news, Apple has stopped selling the iPhone 14. The discontinuation follows the launch of the iPhone 16E, which offers updated features, including an A18 chip and a USB-C port, prompting Apple to phase out older models, particularly due to regulatory changes in Europe.
Meanwhile, SAP has appointed Simon Davies as its new regional president for Asia Pacific, effective immediately. With extensive experience in leading IT solutions at organizations like Splunk, Davies aims to drive cloud and AI innovations for SAP, supporting its growth in diverse sectors across the region.
In the semiconductor sector, Analog Devices has reported stronger-than-expected first-quarter revenue, boosted by a recovery in chip demand across consumer electronics. The company’s revenue reached $2.4 billion, surpassing estimates, and indications suggest continued growth as demand for AI, premium smartphones, and electric vehicles rises.
Tech Explained
Shares – In the context of Bumble’s news, shares represent portions of ownership in the company traded on financial markets. A decline in share value indicates a loss of investor confidence, often resulting from disappointing financial forecasts or performance.
Earnings per share (EPS) – EPS is a financial metric that indicates the profitability of a company, calculated by dividing net earnings by the number of outstanding shares. Adjusted EPS figures can provide a clearer view of a company’s operational performance, excluding certain one-time expenses.
USB-C – This is a versatile and unified connector for charging and data transfer, increasingly adopted for its efficiency and ability to deliver power and high-speed data. Apple’s transition from the Lightning port to USB-C reflects compliance with new European regulations mandating standardized charging solutions.
Artificial Intelligence (AI) – AI refers to computer systems that simulate human intelligence processes, enabling devices to learn and adapt. The integration of AI into consumer electronics is driving demand for advanced semiconductors, as seen in Analog Devices’ increased revenue.
Cloud Computing – Cloud computing allows users to access and store data on remote servers rather than on local computers. This technology is essential for companies like SAP to provide scalable solutions, enhance collaboration, and support the transition of businesses towards digital transformation.
