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Bumble вЂ” the dating application that promotes itself as empowering ladies and maintaining them safe вЂ” has finally ended its embarrassing relationship with a controversial Russian billionaire.
Andrey Andreev вЂ” a London-based technology tycoon that has been accused of presiding over a sleazy workplace tradition at BumbleвЂ™s sister dating app Badoo вЂ” announced Friday he’s offered their bulk stake into the appsвЂ™ parent company MagicLab to Blackstone Group in a deal that values it at $3 billion.
BumbleвЂ™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 and also to have them from being stalked and harassed.
During the exact same time, however, Wolfe Herd offered a managing stake to Andreev, whom apparently tolerated an workplace tradition at MagicLabвЂ™s UK-based hookup application Badoo, where ladies had been regularly objectified, in accordance with a Forbes report early in the day this season.
Rampant hedonism at Badoo included a ongoing celebration where вЂњeveryone had been nude and doing lines of coke,вЂќ 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 all over business of a male Badoo employee receiving dental intercourse from 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 compared to AndreevвЂ™s 59- to 79-percent cut, had defended her company partner, saying in a declaration at that time which he had become her household and something of her close friends.
вЂњWhat IвЂ™ve seen firsthand from Andrey is innovative and motivating behavior,вЂќ Wolfe Herd said. вЂњAndrey has not been certainly not kind and respectful in my experience.вЂќ
On Friday, Wolfe Herd, that will be CEO of MagicLab underneath the deal, stated she вЂњwill make an effort to lead the team having a continued values-based and mission-first focus, exactly the same one which happens to be core to Bumble since we founded the organization five years ago.вЂќ
Andreev stated in a declaration Friday that he’s attempting to вЂњensure a smooth and successful transitionвЂќ before he embarks on home based business ventures.
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