Kik says it is officially shutting down its messaging app and will reduce its headcount to 19 people, amid its heated legal battle with the SEC

The Kik app is officially shutting down. The company will reduce its headcount to 19 people, and will focus solely on converting Kin users into Kin buyers …

BetaKit 2019-09-24 Meagan Simpson

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@ted_livingston Ted Livingston on x
I just landed in Washington. I took off from Tel Aviv 12 hours ago. This is obviously fabricated. I'm not sure how Coindesk could make such an obvious mistake, but we'll find out https://twitter.com/...
@ted_livingston Ted Livingston on x
We are all in on Kin. Going forward we will be singularly focused on one thing: converting millions of Kin users into millions of Kin buyers. More here: https://medium.com/...
@pickacrypto @pickacrypto on x
. @ted_livingston confirms Kik will be shutdown While there will be a ton of FUD around $KIN, if you read the article you'll find that in order to focus on KIN, these are the steps they had to take. They are focusing on KIN 100% from here on. https://rsci.app.link/...
@rrhoover Ryan Hoover on x
“As of May 2016, Kik Messenger had approximately 300 million registered users, and was used by approximately 40% of United States teenagers.” https://en.wikipedia.org/... Today Kik announced its shutting the app down https://medium.com/... https://twitter.com/...
@walldo Brandon Wall on x
RIP Kik, one less chat app I've had sitting on my phone for ages because nazis were once radicalizing teens on it or whatever https://twitter.com/...
@arrington Michael Arrington on x
Unlimited government resources v. an embattled CEO. The SEC broke him. https://twitter.com/...
@teroterotero Tero Kuittinen on x
@Techmeme @megesimpson Jesus. Just two years ago, 50% of American high schoolers were on Kik. And they turned down multi-billion dollar offers from Chinese buyers.
@caseynewton Casey Newton on x
You might say it Kik'd the bucket https://twitter.com/...
@doveywan Dovey Wan on x
What's the point of $KIN when the @Kik app shuts down 🤷🏻‍♀️ 🤷🏻‍♀️ 🤷🏻‍♀ ️ “Utility token” is such a joke when it's fully dependent on a centrally operated application https://twitter.com/...
@zatara214 Zak Kaufman on x
Oh wow, it's like the death of MySpace all over again! RIP Kik. https://twitter.com/...
@carnage4life Dare Obasanjo on x
A messaging app used by 40% of US teenagers in 2016 shuts down to focus on cryptocurrency. Goes to show • monetizing messaging apps is hard • social media apps need to constantly innovate to keep a young audience (the Snapchat approach) https://betakit.com/...
@lawmaster Larry Cermak on x
So this is starting to get really interesting. @coindesk published an article in which it claims that Kik CEO Ted Livingston sent drunken misdirected messages to a reporter saying that he is quitting from Kik and that he is “not going to jail for this.” https://www.coindesk.com/.…

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Kik says it is officially shutting down its messaging app and will reduce its headcount to 19 people, amid its heated legal battle with the SEC

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