Reply To: US Weekly IPO and SPAC Monitor: Lab-grown Diamond Producer Adamas One


Barron’s mentions:

Bumble (NASDAQ:BMBL) received a positive writeup in this week’s issue after shares took an earnings tumble earlier a few days ago. The breakdown is that Bumble’s numbers might be better than they look at first glance considering the strong U.S. dollar shaved about $6M off the company’s guidance and product delays are expected to work themselves out. The publication noted that Bumble grew its total paying user base by 400K to 3.3M and has launched new features and options. Bumble’s place in the dating-app ecosystem is said to be strong and the stock trade at an attractive valuation.

The cover story delves into used auto dealer Tricolor Auto Group, which serves Spanish-speaking communities in Texas and California. While BlackRock (BLK) took a $90M stake in the private company last year and its ESG credentials have helped it raise money from some of the nation’s highest-profile banks, the customer service record shows a litany of complaints that undercut the ESG distinction.