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Sequoia-Backed Yik Yak Shuts Down And Sells Off Engineers For $1M

by theverge.com posted 1year ago 514 views
Yik Yak, an anonymous messaging app for college students, announced that it would finally be shutting down. The company recieved $73.5 million in venture capital funding and was once valued at $400 million. Square, mobile payments company, looted Yik Yak for its engineering talent and some minor intellectual property for just $1 million.