Wolfe of Wall Street: Dating application CEO has become a billionaire after IPO

Bumble — the dating application that promotes itself as empowering females and maintaining them safe — has finally ended its embarrassing relationship by having a controversial billionaire that is russian.

Andrey Andreev — A london-based technology tycoon that has been accused of presiding over a sleazy workplace tradition at Bumble’s sister dating app Badoo — announced Friday he has got offered their bulk stake into the apps’ parent business MagicLab to Blackstone Group in a deal that values it at $3 billion.

Bumble’s creator Whitney Wolfe Herd, whom famously left hookup app Tinder after accusing a male colleague of intercourse harassment, established Bumble in 2014 with features to give ladies more control of conversations with dating leads also to have them from being stalked and harassed.

During the time that is same but, Wolfe Herd offered a managing stake to Andreev, whom apparently tolerated an office tradition at MagicLab’s UK-based hookup software Badoo, where females were regularly objectified, in accordance with a Forbes report earlier in the day this current year.

Rampant hedonism at Badoo included celebration where “everyone ended up being nude and doing lines of coke,” in line with the report. The celebration ended up being apparently photographed and delivered on the email system that is internal.

Another worker stated that a video clip circulated across the business of the male Badoo employee receiving sex that is oral a prostitute, with one feminine employee saying she ended up being forced by male peers into viewing it.

Badoo denies such a video clip exists.

Wolfe Herd, who may have a 20-percent stake in Bumble weighed against Andreev’s 59- to 79-percent cut, had defended her company partner, saying in a declaration during the time that he had become her household and another of her close friends. (more…)