Category: General|Sep 25, 2019 | Author: Admin

Thanks for everything, Kik

Share on

Shuts down the app used by millions.

Shuts down the app used by millions.

Kik Messenger was launched in 2010 and quickly became popular. "This is a super success," we wrote at the time.

Some of the reason for the popularity was because users did not have to register with a mobile number or other sensitive information.

But now Kik Messenger is shut down, despite the service has millions of users worldwide. It appears from a blog post on the Medium website.

"This is a very difficult decision. Kik is one of the largest apps in the US. It has an industry-leading commitment and is still growing. Over 100 employees and families are affected by this. People have been putting their soul and heart into Kik and Kin for over a decade. "

Concentrates on cryptocurrency
The company says they choose to shut down the service because they want to concentrate on the new cryptocurrency they have created.

In reality, the decision is probably forced by a legal dispute between the company and the US Securities and Exchange Commission (SEC). The dispute is about the cryptocurrency Kin.

Kin was originally created to bring in cash for Kik Interactive. The company was running out of money. But now Kik has to shut down to be able to afford to take up the fight against the SEC in the courtroom. The SEC believes that Kik Interactive has broken the law when they launched Kin.

«From May to September 2017, Kik offered and sold 1 trillion digital tokens called 'Kin'. More than 10,000 investors worldwide bought Kin for about $ 100 million in US dollars and digital assets. More than half of this sum comes from investors located in the United States. But Kik's offer and sale of Kin was not registered with the SEC, and investors did not receive the information required by the federal securities laws, "the SEC writes.

Many lose their jobs
Kik has so far been run by hundreds of people. Most of these are now losing their jobs. Only 19 people will remain in the company after the closure, says Kik chief Ted Livingston.

The date when Kik is closed for good has not yet been set, but it will probably happen in the near future.

Do you use Kik?

Sponsored Ads:

Comments:


Now the support is complete

Category: Apple|Mar 31, 2023 | Author: Admin

Shouldn't it happen anyway?!

Category: Apple|Mar 30, 2023 | Author: Admin

Does not have a single screw

Category: IT|Mar 29, 2023 | Author: Admin

If you do not switch to the new Windows, you will be denied Steam next year

Category: General|Mar 28, 2023 | Author: Admin

This may be the requirement for Windows 12

Category: Microsoft|Mar 27, 2023 | Author: Admin

Fixed the nasty Windows 11 privacy bug

Category: Microsoft|Mar 26, 2023 | Author: Admin

How to disable Bing button in Microsoft Edge?

Category: IT|Mar 25, 2023 | Author: Admin

This totally changes ChatGPT

Category: General|Mar 24, 2023 | Author: Admin

Fake ChatGPT stole Facebook accounts

Category: IT|Mar 23, 2023 | Author: Admin

New Apple products revealed

Category: Apple|Mar 22, 2023 | Author: Admin

OpenAI ChatGPT down! Users around the world unable to login and chat

Category: IT|Mar 21, 2023 | Author: Admin

Your disk may be much slower now

Category: General|Mar 20, 2023 | Author: Admin

Get complete price shock from this

Category: General|Mar 19, 2023 | Author: Admin

"iPhone 15 Pro Max breaks the record"

Category: Apple|Mar 18, 2023 | Author: Admin

Apple is testing a new generation

Category: Apple|Mar 17, 2023 | Author: Admin
more