Recently, the anonymous social network called Yik Yak announced it was shutting down.
The announcement was made by Yik Yak’s original founders, Tyler Droll and Brooks Buffington. The fast rise and precipitous fall of Yik Yak is an instructive story in just how difficult the social media business can truly be.
Yik Yak represented a bold experiment in social media. As they tried to build a new kind of social media audience, the developers of Yik Yak exemplified originality and a sense of purpose. Despite their best efforts, these stalwart professionals were not able to succeed in making Yik Yak commercially viable for the long term. This is one more demonstration of the fact that the business of social media is all too often unforgiving. I hope that the designers behind Yik Yak are able to succeed in whatever new jobs they ultimately find. Without doubt, people of this caliber offer a lot for the global economy.
When social media first became a big part of the modern economy, many people assumed that this type of online activity was a passing fad. As subsequent events demonstrated, this couldn’t have been further from the truth. The business of social media is creating wealth for thousands of entrepreneurs with vision and dedication. When it comes to social media apps, you can’t expect to succeed without great business skills. The people who ran Yik Yak need to hone their business skills if they hope to succeed in the future. Only time will tell if another social network will successfully monetize anonymous online socializing.