The Renren-backed social media platform, once valued at up to $400m, is in talks with Square for an acqui-hire deal.
Payment technology provider Square has entered talks to acqui-hire the team of Yik Yak, the US-based anonymous microblogging platform backed by social media company Renren, The Verge has reported.
Founded in 2013, Yik Yak has developed an anonymised online message board that initially experienced rapid growth on university campuses. However, breaks in term times served as a lag on its progress and a decision to transition to fixed user names led to existing users leaving.
Yik Yak laid off some…
