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The team behind Yik Yak, a once-buzzy anonymous app aimed at college campuses, is back with a new take on the idea of a "Twitter feed for the college campus."

The new app: Hive, as it's called, quietly popped up in the App Store this month, registered under Richard Guy, Yik Yak's mobile development manager, according to his LinkedIn profile. The Verge first picked up on the app on Monday. On outset, Hive appears to be a new attempt at creating a social network exclusively for college students, where they can chat with their peers about classes, campus goings-ons, and anything else. (It's like Facebook in the early days, but made for smartphones, if you will.)

Joining the Hive: Only college students with a valid .edu email address can join the app, further ensuring that its remain a college-campus app. When a student joins, they'll be able to immediately find chat rooms for any class on their campus, and even access a directory of students (let's leave aside the privacy violation here for a moment).

What about Yik Yak? Despite garnering a lot of buzz in 2014 and 2015, Yik Yak's original app eventually lost its luster. In December, The Verge reported that the company laid off 60% of its staff, leaving it with about 20 employees. Months earlier, the company's CTO left the company. The company had tried a myriad of changes to the app, including forcing users to post with real names, though it eventually gave up and returned to anonymous posting. Hive, however, is not anonymous—likely a sign that the team found anonymity to be a bad idea.

What's next: Yik Yak raised nearly $75 million funding from top-tier VCs like Sequoia Capital and DCM Ventures, so it's likely it still has plenty of money to fund this new app.

Go deeper

Justice Department drops insider trading inquiry against Sen. Richard Burr

Sen. Richard Burr (R-N.C.) walking through the Senate Subway in the U.S. Capitol in December 2020. Photo: Stefani Reynolds/Getty Images

The Department of Justice told Sen. Richard Burr (R-N.C.) on Tuesday that it will not move forward with insider trading charges against him.

Why it matters: The decision, first reported by the New York Times, effectively ends the DOJ's investigation into the senator's stock sell-off that occurred after multiple lawmakers were briefed about the coronavirus' potential economic toll. Burr subsequently stepped down as chair of the Senate Intelligence Committee.

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth-quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. Photo: Alex Wong via Getty Images

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.