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Bumble is in advanced talks to go private in a deal worth about $1 billion, Reuters reported on Monday, October 12, 2026. Ithaca Holdings is the prospective buyer. The talks come as Bumble tries to win back users with AI. Neither company has confirmed a deal. Both declined to comment. Still, Bumble shares surged roughly 50% to $3.80 that Monday, their biggest one-day percentage gain on record. A $1 billion price tag for a $14 billion debut Founded by Whitney Wolfe Herd in 2014, Bumble went public in 2021 at a valuation of about $14 billion. Five years later, the proposed price tells a very different story. Paolo Pescatore, an analyst for PP Foresight, said the potential agreement is proof of Bumble’s difficulties, adding that: Going private looks less like a strategic masterstroke and more like an admission that Bumble’s current strategy is failing. The numbers a buyer would inherit Bumble’s Q2 results indicate the reasons for the investors’ concerns. Its revenue declined by 15.2% year-over-year to $210.5 million. The number of paying users also dropped by 16.4% to 3.2 million. Bumble reported a net loss of $127.9 million of which $169.3 million were impairment charges, even though the adjusted EBITDA represented $72.9 million. The slide started earlier. In 2025, the company registered a near 10% drop in revenue that amounted to approximately $966 million, while its paying user base declined by more than 11% to approximately 3.7 million. Bumble Revenue and Paying Users Decline in 2025 and Q2 2026 Industry fatigue, or a Bumble problem Bumble’s competitor, Match Group, appears to be doing better as revenue fell only 1% to $853 million in the second quarter. Meanwhile, net income increased by 36% to $171 million. Tinder also showed signs of improvement. Daily active users dropped by only 4% year-on-year, which was the smallest decline in the last 10 quarters. Hinge’s revenue has increased by 22%. Match aims to bring Hinge’s annual revenue to $1 billion by 2027. Dating-app fatigue remains a challenge. But Match’s results suggest Bumble’s issues range beyond just the users getting bored with swiping. Bumble vs Match Group Q2 2026: Revenue, Profit and User Trends Can AI pull users back, or push them away Bumble hopes its AI-led Bumble 2.0 can change that. The redesign brings richer, chapter-style profiles and the possibility of swipe-free dating. Its March unveiling helped send shares up more than 40%. Wolfe Herd had earlier floated AI dating concierges, as Cryptopolitan reported. Whether users want that help is less clear. A peer-reviewed study suggests confidence in algorithms can encourage AI dating adoption. Yet an SSRN working paper reported 54% fewer usage minutes and 62% fewer app openings among the AI adopters studied. Those findings do not represent all daters. At the same time, less expensive AI will make companion chatbots more attractive than dating apps. However, the use of these chatbots raises privacy and security issues, as noted by the Congressional Research Service. The opportunity remains substantial: Grand View Research estimates a $10.7 billion global dating-app market in 2026, reaching $17.9 billion by 2033. The challenge is converting AI features into users who stay, pay, and trust the platform Micah Abiodun | usagoldmines.com
October 13, 2026

Crypto News | Pi Network’s Vague 2026 Goals Trigger Backlash as PI Misses Market Rally Jordan Lyanchev | usagoldmines.com

The Core Team behind the popular project recently published its own 2025 recap, in which it praised the significant progress it has achieved, perhaps most notably of which was the actual mainnet and token launch.

However, it also failed to provide any actual goals for next year, aside from some vague words, which were quickly criticized by some of its fan base.

The Backlash

In its yearly recap, Pi Network’s team said 2025 was a “defining” one for the project due to the Open Network and PI token launch in February. This opened the door for “Pi’s ecosystem to interact with the broader blockchain world – a milestone achieved after more than six years of building Pi’s infrastructure and community, ensuring real utility was ready at launch.”

It continued by highlighting the subsequent updates, AI introductions, progress on the KYC scene, the release of the Pi App Studio, Pi Network Ventures, and so on. It also outlined several of its community-focused initiatives, such as the Q3/4 Hackathon, the ecosystem directory staking, and the .pi Domains Auction.

When it came to setting 2026 goals, though, the post was rather imprecise and perhaps equivocal. It reads:

“The Pi community’s efforts this year enabled the launch of Open Network and the many apps, utilities, and features that will continue to be worked on. Pi Network in 2026 will be shaped by Pi’s long-term strategies and planning, in addition to Pioneers, developers, and partners building and using the ecosystem together.”

Given the lack of specifics, a significant portion of the comments below the X post turned negative. One user said that “years of hype, delays, vague timelines, and zero accountability have destroyed market confidence.” Another added, “talking to the Pi team is like someone painting in the air! Useless!”

A third one claimed “nothing good comes out of the Pi ecosystem,” while OLOBO had some painful predictions for the project’s native token:

“The slowest project in history. The hypes have faded. By June 2026, Pi would be trading at $0.001.”

PI Misses the Rally

After several days of sideways action, many altcoins have posted impressive gains today. Some of them are even placed around Pi Network’s PI in terms of market cap, such as ENA, which has rocketed by 10%. However, PI’s price action has remained muted as the asset continues to fight to stay above the $0.20 support despite some promising signs.

What could be somewhat worrisome for PI’s short-term performance is the fact that more than 6 million tokens will be unlocked today, which could increase the selling pressure. After the middle of the month, the number will gradually decline to under 4 million at times, which could provide some market stability.

PI Token Unlock Schedule. Source: PiScan
PI Token Unlock Schedule. Source: PiScan

 

The post Pi Network’s Vague 2026 Goals Trigger Backlash as PI Misses Market Rally appeared first on CryptoPotato.

  The community backlash was quite evident after the latest Pi Network post. Crypto Bits, Crypto News, Pi Network (PI) 

This articles is written by : Nermeen Nabil Khear Abdelmalak

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Bumble is in advanced talks to go private in a deal worth about $1 billion, Reuters reported on Monday, October 12, 2026. Ithaca Holdings is the prospective buyer. The talks come as Bumble tries to win back users with AI. Neither company has confirmed a deal. Both declined to comment. Still, Bumble shares surged roughly 50% to $3.80 that Monday, their biggest one-day percentage gain on record. A $1 billion price tag for a $14 billion debut Founded by Whitney Wolfe Herd in 2014, Bumble went public in 2021 at a valuation of about $14 billion. Five years later, the proposed price tells a very different story. Paolo Pescatore, an analyst for PP Foresight, said the potential agreement is proof of Bumble’s difficulties, adding that: Going private looks less like a strategic masterstroke and more like an admission that Bumble’s current strategy is failing. The numbers a buyer would inherit Bumble’s Q2 results indicate the reasons for the investors’ concerns. Its revenue declined by 15.2% year-over-year to $210.5 million. The number of paying users also dropped by 16.4% to 3.2 million. Bumble reported a net loss of $127.9 million of which $169.3 million were impairment charges, even though the adjusted EBITDA represented $72.9 million. The slide started earlier. In 2025, the company registered a near 10% drop in revenue that amounted to approximately $966 million, while its paying user base declined by more than 11% to approximately 3.7 million. Bumble Revenue and Paying Users Decline in 2025 and Q2 2026 Industry fatigue, or a Bumble problem Bumble’s competitor, Match Group, appears to be doing better as revenue fell only 1% to $853 million in the second quarter. Meanwhile, net income increased by 36% to $171 million. Tinder also showed signs of improvement. Daily active users dropped by only 4% year-on-year, which was the smallest decline in the last 10 quarters. Hinge’s revenue has increased by 22%. Match aims to bring Hinge’s annual revenue to $1 billion by 2027. Dating-app fatigue remains a challenge. But Match’s results suggest Bumble’s issues range beyond just the users getting bored with swiping. Bumble vs Match Group Q2 2026: Revenue, Profit and User Trends Can AI pull users back, or push them away Bumble hopes its AI-led Bumble 2.0 can change that. The redesign brings richer, chapter-style profiles and the possibility of swipe-free dating. Its March unveiling helped send shares up more than 40%. Wolfe Herd had earlier floated AI dating concierges, as Cryptopolitan reported. Whether users want that help is less clear. A peer-reviewed study suggests confidence in algorithms can encourage AI dating adoption. Yet an SSRN working paper reported 54% fewer usage minutes and 62% fewer app openings among the AI adopters studied. Those findings do not represent all daters. At the same time, less expensive AI will make companion chatbots more attractive than dating apps. However, the use of these chatbots raises privacy and security issues, as noted by the Congressional Research Service. The opportunity remains substantial: Grand View Research estimates a $10.7 billion global dating-app market in 2026, reaching $17.9 billion by 2033. The challenge is converting AI features into users who stay, pay, and trust the platform Micah Abiodun | usagoldmines.com