As the popular messaging service is shutting sown, it is going to return huge sums of money to its investors. Co-founder David Byttow tweeted that he is closing the app “with a heavy heart”.
The application was announced to open about a year ago. It promised millions of users an ability to share their secrets without revealing their name.
As the popular messaging service is shutting вown, it is going to return huge sums of money to its investors.
Co-founder David Byttow tweeted that he is closing the app “with a heavy heart”. He also claimed that he would do his best to delete all content and data. The application became popular due to the Silicon Valley startup scene as first gossips were shared there.
Google Ventures and Ashton Kutcher financed the app, helping it to raise millions. But very soon it faced troubles.
As it is not allowed in Brazil to speak anonymously for free, the app was banned there. Soon it was also overtaken by competitors like Whisper and Yik Yak.
Mr Byttow said in his blog post that Secret didn’t expressed the vision he had when starting it all. He also added that he believed the decision to close the company was right for him, his team and investors. Byttow said he was so proud of everyone who got involved in developing the program which was used by more than 15 million people all over the world.
Co-founder said that all funds will be given back to investors. He thinks that all innovations fail time by time but we should consider them as new chances to go on and make new mistakes.