Bumble Shares Soar on Takeover Talks Report
BBC News reports on a significant rise in Bumble shares, dating app giant, after reports emerged of potential $1bn (£757m) takeover talks with Ithaca Holdings.
Shares in Bumble surged by almost 50% on Monday, valuing the company at over $580m, though still below its peak of more than $14bn after listing on the Nasdaq in 2021.
Founded in 2014 by Whitney Wolfe Herd, Bumble gained popularity with its unique feature allowing only women to initiate conversations. However, the app recently abandoned this rule, sparking debate among users.
The dating app industry has faced challenges in recent years, with younger users losing interest and users turning to alternative methods for meeting potential partners, such as board game get-togethers and book clubs.
Bumble announced layoffs in 2025 due to an "inflection point" in online dating, and other dating apps, like Tinder, have also seen share price drops.
This story highlights the fluctuations within the dating app market and the potential for significant changes in the industry.
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