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Snacks / Tuesday, February 16, 2021

V-Day date on the Nasdaq... So romantic. Bumble stock popped 75% from its IPO price during the dating app's first three days as a public company. It's still not profitable, but says a higher percentage of its female swipers become paying customers than the market average. But don't call it a dating app: Bumble's focused on expanding to platonic services like Bumble Bizz for career networking, and Bumble BFF for friend-swiping. If it can successfully monetize those, it could keep you even after you DTR — and potentially gain an edge over dating leader Match Group (proud parent of Tinder and Hinge).

Got me Lyfted, shifted... higher than the Hyundai Sonata ceiling. Lyft shares jumped 9% for the week, after the ride-hailer revealed its net loss for 2020 shrank from 2019. Now it's aiming to make an (adjusted) profit by the end of 2021. Uber also reported a smaller annual loss thanks to Eats, which is bringing in more $$$ than rides — delivery bookings last quarter more than doubled from 2019. While rides are (slowly) recovering, Uber has an advantage over rides-focused Lyft.

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