According to Forbes, the company was valued at more than $1 billion in November 2017.[1] When private equity firm The Blackstone Group purchased a majority stake in Bumble's parent company MagicLab, Bumble and its sister apps were valued at $3 billion.[18] Bumble and its sister apps earned $162 million in net revenue for 2018.[18] In April 2019, Bumble launched its own lifestyle magazine called Bumble Mag.[19][20] In 2020, Bumble replaced MagicLab as the parent company of both Bumble and Badoo.[21] As of 2020, Bumble has over 100 million users worldwide.[21] Bumble was listed on the Nasdaq exchange on Thursday, 11 February 2021, with shares initially valued at $43 but increasing during trading to $76, valuing the company at more than $13bn.[22][23]