Yik Yak, founded by Droll and fellow Atlantan Brooks Buffington, created an app that enabled anonymous chat groups within small geographic areas, such as a college campus.
The app was a big hit initially but its popularity fell off. The app’s image was hurt by cases of cyber-harassment and threats, and some universities debated whether to ban it, according to Bloomberg.
The app reportedly changed its policy to require usernames.
Late last year the company laid off about 60 percent of its staff, according to reports at the time.