Integrity Operations Specialist

Investor alert: Bumble (BMBL) $6.05 per share merger with Ithaca Holdco is being Investigated for potential Breaches of Fiduciary duties. Oct 20, 2026, 05:36 ET BFA Law is investigating the announced $6.05 per share merger in which Ithaca Holdco, Inc. is set to acquire Bumble Inc.; current shareholders are notified to contact the firm. NEW YORK, Oct. 20, 2026 /PRNewswire/ - Leading securities law firm Bleichmar Fonti & Auld LLP announces that it is investigating the merger between Ithaca Holdings (Ithaca Holdco, Inc.) and Bumble Inc. (NASDAQ:BMBL). Bumble is incorporated in Delaware. If you are a current shareholder of Bumble, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/bumble-investigation. Key Details of the Bumble ($BMBL) Investigation: * Investigation Overview: Breaches of Fiduciary Duty in connection with the merger under which Ithaca Holdco, Inc. will acquire the public stock of Bumble for $6.05 per share * Action: Contact BFA Law to discuss your rights Why is the Bumble Transaction being Investigated? Bumble, Inc. is a company that is controlled by two majority stockholders - Blackstone Inc. and Bumble's founder, Whitney Wolfe Herd. Those two stockholders alone control 83.7% of the company's voting power. Bumble secured stockholder approval for the merger with Ithaca with the written consent of Blackstone and Whitney Wolfe Herd, with no further stockholder vote planned. Bumble's board of directors reportedly approved the merger on the recommendation of the special committee it formed to evaluate the merger. As a part of the merger agreement with Ithaca Holdco, Inc., Whitney Wolfe Herd's stock in Bumble is being allowed to rollover into the post-merger company - meaning she will continue to own stock in the company after the merger closes. The opportunity to rollover shares is not being extended to any other stockholders. BFA is investigating whether the terms of the merger, including the rollover, comply with Delaware law, including whether the $6.05 per share price is a fair price for the public stockholders' shares of Bumble stock. What Can You Do? If you are a current holder of Bumble stock, you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: Why Bleichmar Fonti & Auld LLP? BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space." One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients." Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd. Attorney advertising. Past results do not guarantee future outcomes. SOURCE Bleichmar Fonti & Auld LLP

Bumble's losing users: are dating apps losing their appeal among young people? Mikaelle de Oliveira October 16, 2026 Dating apps were meant to be the shortcut: no more hoping to catch someone's eye across a crowded room, just a thumb to scroll and a reasonably flattering photo. Bumble, the app that built its reputation on women making the first move, is losing paying users and has agreed to a $1.3 billion takeover by Ithaca Holdings. Its fortunes have changed quite a bit since its 2021 stock market debut, when it was valued at around $14 billion. For a generation raised on swiping, matching and messaging, finding someone can involve an awful lot of effort before an actual date happens. How many people fancy spending another evening keeping half-dead conversations alive and wondering why nobody has suggested a drink? Bumble is having a rough patch, but it isn't the whole market. Bumble's second-quarter 2026 results show that its decline is continuing. Paying users across Bumble and Badoo fell 16.4% year on year to 3.2 million, while revenue dropped 15.2% to $210.5 million. In 2025, annual revenue fell 9.9% to $965.7 million, with paying users declining 11.5% to 3.7 million. These figures cover both platforms and users of different ages, so they can't tell us whether young people are abandoning dating apps. They do show that Bumble is struggling to retain paying users, making its proposed takeover a significant moment for a company that's trying to turn its performance around. Dating has become a part-time job with no pay. Anyone who's used an app will know the routine: you swipe for an hour and end up no closer to meeting an actual person, then a match opens with "hey", you reply with something thoughtful and the conversation quietly dies around the third message. The talking stage can stretch on for weeks without anyone suggesting a date, which is a lot of effort for what is basically a pen pal. Keeping several chats going means explaining your job, hometown and opinion on pineapple on pizza from scratch. Then there's the temptation to keep swiping, just in case somebody better turns up. Why commit to a conversation when another hundred profiles are waiting? A match isn't a date, and a week of messages doesn't mean anyone's getting closer to one. Scrolling can become the activity rather than the means to an end. Young people haven't given up on love, just on the admin. Pew Research Center found that US adults aged 18 to 29 were almost evenly divided on whether online dating made finding a partner easier or harder: 35% said it made the search easier, while 33% said it made it harder. The survey was conducted in July 2022, so it doesn't capture young people's attitudes today, but it shows that online dating hasn't always made finding a partner feel simpler. Some people are burned out, some still enjoy the apps and others prefer meeting people through friends, university, work or hobbies, where they can get a sense of someone before deciding whether they fancy them. Can an algorithm find real chemistry? Two people can share the same interests and still find they have little in common in person. Equally, someone who doesn't fit your usual preferences on paper might turn out to be a good match. Profiles can help people identify potential partners, but they can't fully capture the compatibility that develops through face-to-face conversation. Bumble has introduced AI-suggested profile guidance to help users improve their bios and prompts, and has tested a Suggest a Date feature in Canada to encourage people to move from messaging to making plans. These features target some of the frustrations users face, but it's too early to know whether they'll help reverse the company's decline in paying users. Ghosting, scammers and the emotional scoreboard. Pew Research Center's survey also found that 54% of women who'd used dating platforms in the previous year felt overwhelmed by the number of messages they received, compared with 25% of men. Meanwhile, 64% of men said they'd felt insecure because of a lack of messages, compared with around four in ten women. It's quite an odd balance: too much unwanted attention for some and too little interest for others. Add ghosting, unsolicited messages and the risk of encountering misleading profiles or scammers; could make the experience can become frustrating rather than exciting. When likes and replies start affecting how people feel about themselves, it's clear to see why some choose to take a break. Where people are meeting instead. Singles events, speed dating and social groups built around hobbies offer ways to meet potential partners without relying on an app. Run clubs, padel sessions and book clubs also give people a chance to get to know each other through a shared activity, rather than making an initial judgement from a profile. These options aren't necessarily replacing dating apps, and there's no clear evidence that they are. But they offer a different starting point: people can build a connection in person before deciding whether there's romantic potential. Can Bumble win users back? Bumble's second-quarter results also reveal a contrast between its shrinking user base and the revenue it generates from those who remain. Average revenue per paying user rose 1.2% to $21.96, despite the 16.4% fall in total paying users. That increase hasn't been enough to offset the overall revenue decline. Bumble's proposed $1.3 billion takeover by Ithaca Holdings comes as it tries to improve the platform and attract users back. Nobody is boycotting love, they're just tired of the inbox. Bumble's decline doesn't prove that dating apps are finished or that young people have stopped wanting relationships. Its results show that fewer people are paying for its services, while Pew's research suggests younger adults have mixed experiences with online dating. People still want to meet potential partners, but there are different ways to go about it. Dating apps may have made finding people easier, but that doesn't mean they've made dating itself any less complicated. Until then, there's always still the run club