What Happened?
Shares of online dating app Bumble (NASDAQ: BMBL) jumped 47.8% in the afternoon session after Reuters reported that the company is in advanced talks to be taken private by technology investment firm Ithaca Holdings at roughly a $1 billion valuation.
In a dispatch carried by StreetInsider, a person familiar with the matter told Reuters that the proposed acquisition would take the Austin, Texas-based company private. Bumble and Ithaca—a holding company founded by technology executives Ravi Gupta and John Hegeman—did not immediately respond to Reuters' requests for comment.
The shares closed the day at $3.75, up 47.8% from the previous close.
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What Is The Market Telling Us
Bumble’s shares are extremely volatile and have had 42 moves greater than 5% over the last year. But moves this big are rare even for Bumble and indicate this news significantly impacted the market’s perception of the business.
The previous big move we wrote about was 14 days ago when the stock dropped 4% on the news that the benchmark U.S. 10-year Treasury yield climbed back above 5% to levels not seen since 2007, lifting discount rates on long-duration growth earnings.
According to CNBC, the 10-year yield surged to 5.23% on Friday, its highest level since 2007, after trading below 4.8% earlier in September. CNBC reported Monday that the yield was again pressing multiyear highs — above 5.23% in morning trade — as oil stayed elevated and investors braced for PCE, GDP, and jobs data. Macquarie strategist Thierry Wizman told CNBC the move reflects not only sticky inflation and Fed hike odds, but also heavy Treasury and corporate bond issuance, including AI-related borrowing. Higher yields raise borrowing costs and make distant cash flows look less attractive versus safer government bonds — a setup that tends to hit consumer-internet names such as DoorDash, Carvana, Reddit, Match, and Bumble harder than slower-growth sectors.
Morningstar, citing Dow Jones, similarly said technology shares led early declines as the selloff in Treasuries extended into jobs week.
Bumble is up 4.2% since the beginning of the year, but at $3.77 per share, it is still trading 35.9% below its 52-week high of $5.88 from October 2025. Despite the year-to-date gain, investors who bought $1,000 worth of Bumble’s shares 5 years ago would now be looking at only $75.06.
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