Is Nextdoor the next big social network?

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At $1bn valuation, reaching 1/3 of U.S. communities, private social network Nextdoor has come a long a way. The company’s targeted, private approach has enabled it to build a tight community of engaged users. The platform has strong network effects and multiple options for monetization. What remains to be seen is whether Nextdoor’s network strengthens or weakens post monetization.