> Yik Yak fires 30 of 50 employees, still has no business model Oh, so what? Ars is trying to spin it off like the former caused the latter, while it's definit

> Yik Yak fires 30 of 50 employees, still has no business model Oh, so what? Ars is trying to spin it off like the former caused the latter, while it's definitely the opposite. They hired too many people and realized it was time to let some go. There's absolutely nothing wrong with a company trying to rectify its mistakes. Instagram had 13 employees at acquisition, Yik Yak might have expanded too fast, but they're fixing it. > still doesn’t have any obvious source of meaningful revenue. Yet somehow ... valued ... at $400 million in December 2014" Plenty of companies have no revenue model initially, and can be valued at millions of dollars: Snapchat $800m in 2013[1], Instagram acquired at $1b. Maybe i'm too naive, but a company makes plenty of epic mistakes throughout its lifetime, and can do some pretty outrageous things (Zuck's business cards [2]) but that doesn't mean they're incompetent, just learning. This article's trying to shovel as much dirt as it can on the company with cherry picked incidents about trouble the company's run into, and it's not a lot of trouble honestly. How is a company's experimentation with mandatory user handles part of a post on its downsizing? [1]: http://qz.com/97467/snapchats-complete-inability-to-make-money-is-the-reason-its-worth-800-million/ http://qz.com/97467/snapchats-complete-inability-to-make-mon... [2]: http://nextshark.com/heres-the-story-behind-mark-zuckerbergs-im-ceo-bitch-business-card/ http://nextshark.com/heres-the-story-behind-mark-zuckerbergs...