Skip to content
Subscriber Only

Square Said to Acquire Team From Struggling Social App Yik Yak

  • Company pays less than $3 million for small team of engineers
  • The deal is a sign of the once high-flying app’s decline

Square Inc. acquired the engineering team of Yik Yak, according to a person familiar with the matter, marking the decline of the once-popular anonymous social network.

The payments processor paid less than $3 million for between five and ten of Yik Yak’s engineers, according to the person. Atlanta-based Yik Yak’s Chief Executive Officer Tyler Droll will not join Square, the person added, asking not to be identified talking about a private matter.