Is Nextdoor the next big social network?
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.