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Bumble's ID-Based Shares OK Under Del. Law, App Says

By Leslie A. Pappas ( June 13, 2023, 6:27 PM EDT) -- A shareholder voting structure that grants Bumble Inc. founder Whitney Wolfe Herd and the dating app's private equity sponsor Blackstone Inc. special stock with 10 times the voting power of common shares is not illegal, an attorney for the company told Delaware's Court of Chancery on Tuesday....

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