Nextdoor
Social/consumerUSA
New to Unitard
π Public < $1B
PeakΒ $5 BillionToday
β81%
from peak
- π¦Became a unicorn2015
- πPeak valuation$5 Billion β21
- πBecame a Unitard~2022
- πΈLast valuation~$967M
Current status
Public (NXDR)
Live Β· NXDRΒ· NYSE
as of 2026-09-22
$2.50β² 1.63% today
βΒ $967 Million market cap Β· β80.7% from peak
The rise & fall
9 moments Β· 2011β2024The key moments, with employee sentiment along the way.
2011
2011
The neighborhood network launches
Nirav Tolia and co-founders open an invite-only social network for verified neighbors.
Wikipedia
2015
2015
Joins the unicorn club
A funding round values the hyperlocal network above $1B.
TechCrunch
Nov 2021
Nov 2021
The peak: a ~$5B SPAC debut$5B
Lists on the NYSE by merging with Khosla Ventures' SPAC; the debut values Nextdoor around $5B.
CNBC
2022
2022
The consumer-internet selloff
User growth underwhelms and SPAC-era social stocks fall out of favor.
CNBC
2022
2022
Slips out of the club
The market cap drops below $1B within a year of listing.
Macrotrends
2022β24
From the inside Β· Glassdoor reviews, 2022β24
Glassdoor reviews from the post-SPAC years tracked morale sliding with the share price: employees said their stock grants had lost most of their value, pointed to the 2023 layoffs, and described friction over a return-to-office mandate and repeatedly reshuffled product and ad-revenue strategies.
2023
2023
Cuts about a quarter of staff
A late-year restructuring trims roughly 25% of the workforce.
TechCrunch
Nov 7 β23
Nov 7 β23
More neighbors, a larger net loss
Q3 2023 weekly active users reach 40.4M, up 6% year over year. Net loss grows to $38M from $35M a year earlier.
Today
Today
Still in the club β and still trading
Live Β· NXDR Β· NYSEas of 2026-09-22
$2.50β² 1.63% todayβ $967M cap Β· β80.7% from peak
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
Nextdoor is a hyperlocal social network connecting neighbors and local communities, valued at ~$5B when it listed via SPAC in 2021. After going public, weak user growth and broader pressure on consumer-internet stocks drove a steep market-cap decline; it now trades around $0.6B (NXDR), roughly 88% below its peak.
Source: stockanalysis.com Mar 2026
Founder
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
