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Yik Yak shuts down after Square paid $1 million for the engineers

Yik Yak co-founders Tyler Droll and Brooks Buffington published a farewell note to users on Friday, announcing they would close down their once-popular anonymous amicable network this week. The app authorised people to bond with other users within a certain radius, and was widely marketed in and used on college campuses.

According to an SEC filing released on Apr 16th, Square, has concluded to hire several of Yik Yak’s employees and acquire a universal permit to some of a company’s intellectual skill for $1 million. That’s a deeply disappointing result for a startup that garnered lots of support from try investors and users.

According to Crunchbase, Yik Yak had lifted $73.4 million in try appropriation given it was founded in 2013, with a gratefulness approaching $400 million in 2014, a serene days.

The app faced problems that were predicted for any forum charity users anonymity and a means of chatting with one another. It was tormented by cyberbullies of any kind and even banned by some schools. But all a collateral and recommendation in a universe couldn’t assistance it say a buzz.

In 2015, Yik Yak had to acknowledge to users that they were usually masked from any other, not police officers or other authorities with a warrant. And afterwards in 2016, security researchers with NYU, led by mechanism scientist and professor Keith Ross, found other ways to penetrate users’ privately identifiable information out of Yik Yak. Around a same time, their CTO bailed. 

All a while, cyberbullies and unpalatable content drove down a app knowledge for others. By a finish of 2016, user downloads had declined 76 percent contra a same duration in 2015, as TechCrunch reported then, and a association began laying off many of a employees.

In their note, a co-founders reflected on happier accomplishments by their now-faded startup. Yik Yak is not a initial unknown discuss app to strike a deadpool. Secret also went out of business in 2015. And a association won’t be withdrawal a hole in a market, exactly.

Other discuss apps, including anonymous, semi-anonymous and fleeting options among them, abound. Yik Yak competitors still in business include: Whisper, the anonymous discuss and pity app; Kik, which usually requires usernames; Blind, a unknown workplace discuss app where Uber employees have recently aired grievances; and 7 Cups, where people can go for “active, non-judgemental listeners.”

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