Startup shuts after Square hires its staff for $1 million
Anonymous social network Yik Yak, which was once valued at nearly $400 million, has shut down after Twitter CEO Jack Dorsey-led startup Square announced it would hire some of Yik Yak's employees for $1 million. Yik Yak laid off around 60% of its staff in December of last year after facing flak for allowing cyberbullying on its platform.