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Anonymous App Yik Yak Raises $62 Million

Yik Yak, an anonymous messaging app popular on college campuses, has raised $62 million in new venture funding, according to a company spokesperson. The round was led by Sequoia Capital, and comes less than six months after the Atlanta-based company raised $10 million in a different round. The app, which allows users to share thoughts anonymously with others in their geographic area, is extremely popular with college students but has been troublesome for middle and high schools across the country because of bullying. Last week, threats on Yik Yak closed two separate California high schools. The funding was first reported by the Wall Street Journal.

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