Yik Yak co-founders Tyler Droll and Brooks Buffington printed a farewell notice to customers on Friday, announcing they would shut down their as soon as-in style nameless social network this week. The app allowed folks to connect with other customers inside a undeniable radius, and used to be widely marketed in and used on school campuses.
according to an SEC submitting issued on April sixteenth, sq., has agreed to rent several of Yik Yak’s staff and procure a non-unique license to one of the crucial firm’s mental property for $ 1 million. That’s a deeply disappointing result for a startup that garnered a whole lot of beef up from project traders and users.
in step with Crunchbase, Yik Yak had raised $ 73.4 million in project funding because it was founded in 2013, with a valuation approaching $ four hundred million in 2014, its halcyon days.
The app confronted issues that have been predictable for any forum providing users anonymity and a method of chatting with one any other. It used to be stricken by cyberbullies of every form and even banned by way of some faculties. however all the capital and advice on this planet couldn’t help it handle its buzz.
In 2015, Yik Yak had to admit to users that they were only masked from each different, now not police officers or other authorities with a warrant. after which in 2016, safety researchers with NYU, led by pc scientist and professor Keith Ross, found other the right way to hack users’ in my view identifiable data out of Yik Yak. around the comparable time, their CTO bailed.
all of the while, cyberbullies and unsavory content material drove down the app expertise for others. via the end of 2016, person downloads had declined 76 p.c versus the identical period in 2015, as TechCrunch said then, and the corporate started shedding most of its workers.
in their word, the co-founders mirrored on happier accomplishments through their now-pale startup. Yik Yak is just not the first nameless chat app to hit the deadpool. Secret also went out of industry in 2015. And the corporate received’t be leaving a hole out there, exactly.
other chat apps, together with anonymous, semi-nameless and ephemeral options among them, abound. Yik Yak opponents still in industry embody: Whisper, the nameless chat and sharing app; Kik, which best requires usernames; Blind, the nameless workplace chat app the place Uber staff have not too long ago aired grievances; and seven Cups, where folks can go for “active, non-judgemental listeners.”
mobile – TechCrunch