Credit card processing company Square is rumored to have hired many people directly from the Yik Yak engineering team, which is about five to 10 people.
Those close to the deal say that the entire move to acquire these former Yik Yakkers is $3 million, which doesn’t include the anonymous app’s CEO, Tyler Droll.
While this has not been confirmed yet, Yik Yak’s lack of activity seems to indicate a less-than-stellar outlook. There has not been any updates to the app since January, and all blog posts on the company’s site stopped back in December 2016.
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