Paltalk is a strange company. All startups risk it all to realize their vision, but 15-year-old Paltalk will live or die for something you probably haven’t thought about in a while: chat rooms.

This story was written by David Kaplan. Video-based social net Paltalk is repurchasing the 20 percent stake it sold to Softbank for $6 million in its second round five years ago. Jason Katz, CEO of ...