George Raymond Zage III was a top executive at Farallon Capital in Asia before turning the page to make a fortune on the LGBTQ dating app. Now to build his next billion. https://t.co/EKFXyswH6f (Photo: Munster Cheong for Forbes Asia) https://t.co/yBrph1pL4t ...

Shares of Grindr were up as much as 11% on Monday afternoon after Semafor reported shareholders are considering taking the company private in a deal that would value the LGBTQ dating app at $3 billion. https://t.co/lL0FHPGGoS https://t.co/8SqZqxC9F8 ...

Dating apps are in crisis. But everyone still wants to join Raya. https://t.co/jXwwQ4raAX ...

Dating app companies’ hefty investments in artificial intelligence could be in vain as Gen Z users remain wary of the new AI features, a new Bloomberg Intelligence survey found https://t.co/1ECHy3kO3x ...

The dating app industry is in a rough spot. Bumble announced a 30% layoff of its entire workforce, about 240 people in total.And the market is sadly but not surprisingly embracing the decision, with its shares jumping up by 20% following the announcement. Just last month, Bumble's rival, Match, laid off 13% of its own staff in a similar cost-cutting measure. Both companies have previously conducted layoffs, as user willingness to pay apps to find companionship declines year-over-year.Get more details here: ...