The jump pushed Bumble's stock market valuation to more than $580m but that is still far below their peak of more than $14bn.

Bumble announced on October 13 that it had agreed to be acquired by technology investment firm Ithaca Holdings for $1.3 billion.

Austin-based Bumble, one of the world's largest dating app companies, is reportedly in advanced talks to go private in a deal that would value the 12-year-old company at around $1 billion

Struggling dating app Bumble has a suitor. The company is in advanced talks to go private through a newly formed investment firm for roughly $1 billion — a fraction of the more than $14 billion it was worth following its 2021 stock market debut.

Bumble, the beleaguered dating app whose stock has lost 90% of its value since going public in 2021, is axing 30% of its workforce. The company announced in a regulatory filing Wednesday that the layoffs amount to 240 positions and will save Bumble $40 ...