Is Yik Yak the next Facebook?

Early rumors of a $75 million round for the anonymous messaging app Yik Yak that were first reported by TechCrunch turned out to be a $62 million round led by Sequoia Capital. Though there is no official statement of the round, TechCrunch dug up the SEC filing yesterday.

It’s the second funding round for Yik Yak this year, having raised a $10 million Series A in June led by DCM.

From the start Yik Yak made people’s eyebrows raise, mine included. An anonymous messaging app for students seemed to be an invitation for disaster, making it easy for bullies to target their next victims.

TechCrunch just reported on a copycat app called After School that was banned from the iTunes App Store today due to cyberbullying and bomb threats posted using the app. The app also targeted high schoolers, a demographic Yik Yak pro-actively banned from using the service earlier this year as a result of similar events.

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