Kik Messenger, commonly called Kik, is a freeware instant messaging mobile app from the Canadian company Kik Interactive, available free of charge on iOS and Android operating systems. Slack must fight off an army of workforce management unicorns, Doordash is beating Postmates and Grubhub at alternative data, How Hasbro bought Peppa Pig and somehow got Death Row Records, Instacart preps for a hot IPO by laying off 1,900 shoppers and quashing a union effort, Americans are turning to lending apps like SoFi and Better.com, These are the 5 biggest startup failures of 2020, The SEC's new startup crowdfunding rules will boost amateur investors, VCs are embracing remote investing amid Silicon Valley exodus, Edtech might be growing too fast for its own good, SkyDrive and Uber Air could have flying cars in the skies by 2023. Here's the data trail it leaves behind. The SEC claimed these tokens were financial assets, or securities, that the company was trading without the correct permissions but Kik denied this. ... No date has been given for when the Kik app will close. "After 18 months of working with the SEC the only choice they gave us was to either label Kin a security or fight them in court.". The news is shocking to the 300 million+ people throughout the world who use the app. In a surprising move to many, the developers of the messaging app “Kik” is shutting it down. In other news, Android phone owners are being warned to delete two dangerous selfie apps operated by scammers. It uses a smartphone's data plan or Wi-Fi to transmit and receive messages, photos, videos, sketches, mobile web pages, and other content after users register a username. Here lies Kik ( $PRIVATE:KIK ), a messaging app that will shut down on October 19 and has begun shutting down servers over the weekend. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. Kik Interactive announced that the Kik Messenger and Kik Messenger mobile app would soon shut down on Monday, giving users just five days to prepare. Let us know in the comments... We pay for your stories! Livingston explained: "Instead of selling some of our Kin into the limited liquidity that exists today, we made the decision to focus our current resources on the few things that matter most. There is no official date on when the shutdown will occur. Kik Messenger is shutting down despite the service having millions of active users around the world. Kik messenger is shutting down Published: October 2, 2019 The popular mobile instant messaging app, Kik Messenger, is officially shutting down after nearly 9 years of being in service. Here, some tips on how to navigate the unwritten rules. Livingston explained that running the app alone costs over $1 million a month. Since 2019, Kik Messenger has belonged to Medialab, after Kink Interactive Inc closed down. Never miss a thing. Kik Interactive will now cut its staff down from around 100 people to just 19. Additionally, the Kik X beta period will stop on September 27. Livingston has said the company will be focusing on making Kin blockchain technology that can support billions of users making multiple transactions a day. It will also be designing a cryptowallet to try and make buying and using Kin easier and making it more efficient for developers to use Kin in their apps. September 23, 2019, 1:58 PM. Kik Interactive said it will do away with the messenger to focus … After being mired in controversy about privacy concerns, and lawsuits like the big one by the SEC over its Kin cryptocurrency, we have here a eulogy for this once novel startup. Thinknum tracks companies using information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. CEO Ted Livingston has announced that the company is shutting down the Kik … The ambitious, bold and hungry start their week with The Business of Business! Kik fires staff and shuts down messaging app but won’t stop fighting the SEC over its ICO. As we lay Kik to rest, let's review the alternative data for the last time. Five ways to uncover the secret rules to succeeding at your workplace. Kin will be shutting down Kik, the wildly popular messaging app, on October 19. The Kik messaging app may not shut down after all as the CEO, Ted Livingston, claims there’s a buyer interested in purchasing the platform. Dear kik members, kik is supposed to be closing down December 30th because it is becoming very overpopulated. By shutting down Kik and shrinking to 19 employees, the company hopes to cut its overheads by 85%, giving it a better chance of winning its legal fight with the SEC over Kin. RELATED: Kik messaging app is shutting down The fight with the SEC has forced the company to make some hard decisions. Kik Interactive has announced it is shutting down its Kik Messenger app in order to focus on its embattled Kin cryptocurrency.. Honestly, to double down on the part of your business that's under investigation by the US government does not seem wise for a Canadian company. It will be using all of its time to focus on Kin and get more people to buy and use the online currency. To inquire about a licence to reproduce material, visit our Syndication site. The Kik Messenger app is being shut down after 10 years online, its developers have announced. https://www.thesun.co.uk/tech/9991777/kik-messenger-app-shuts-cryptocurrency Start your day off with our weekly digest. Check out ways to stay safe while messaging on Kik… At its apex in 2017, the app had nearly 380,000 followers. Elon Musk made fun of Peter Schiff’s critique of Bitcoin by sending him an eggplant emoji. Help Center. It wouldn’t be their first lawsuits, and it won't be their last. Today that numbers is approaching 350,000. The biggest cross-platform messaging application on the planet by some margin, and arguably one of the core reasons it… For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Comments are subject to our community guidelines, which can be viewed, , Digital Technology and Science Reporter, CEO Ted Livingston announced that the messaging app would be shutting down, Kik is used by hundreds of millions of people all over the world, How to tell if you’re one of the 25MILLION WhatsApp users with fake ‘hacked’ version of the app, last year that “children are at risk” on the app, read WhatsApp texts without the sender knowing, Independent Press Standards Organisation (IPSO), Kik is a messaging app that can be used on Android and iPhone, It doesn't require a phone number, just a username, It's popular because it's free and similar to Viber and WhatsApp because it's encrypted, It was initially launched in October 2010 by the Canadian company Kik Interactive, The app has hundreds of millions of users around the world that are going to be disappointed that it's shutting down, The child protection head for the National Police Chiefs’ Council (NPCC) Chief Constable Simon Bailey claimed, More recently the US Securities and Exchange Commission sued Kik, claiming it had illegally raised $100 million through a 2017 digital-token sale, It has just been announced that Kik Messenger will now be shutting down so that Kik Interactive can focus on its cryptocurrency Kin. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. If anything happens with Kik's future, or its cryptocurrency, its lawsuit with the SEC, or anything else, we'll update you on the situation. Here's the data trail it leaves behind. Kik Interactive CEO Ted Livingston announced today that the company is shutting down Kik Messenger to focus on its cryptocurrency Kin, the target of a … The announcement comes after the US Securities and Exchange Commission (SEC) filed a lawsuit against Kik claiming it had illegally raised $100 million through a 2017 digital-token sale. It's slight, but these numbers are likely to get morbid as November approaches. According to the Defend Crypto website, over $1.6 million has been donated to date. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. After being mired in controversy about privacy concerns, and lawsuits like the big one by the SEC over its Kin cryptocurrency, we have here a eulogy … Speaking of which, clearly fans are disappointed at Kik for the shutdown, as the average rating for Kik is falling. The WhatsApp ‘unsend’ feature fails to delete photos you’ve sent to iPhones. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales. If you're over the age of 20, you most likely have never used Kik. You’re officially subscribed to our newsletter. The changes will see the rate at which the company loses money drop by 85%, which should enable it to get through the SEC trial. For other inquiries, Contact Us. The 300 million-strong messaging app Kik will shut down on October 19, exactly nine years since the first message was sent on its platform, according to messages that have been verified by Kik. Alex Cohen is tech Twitter's biggest contrarian, challenging the normal discourse and posting his unfiltered self. This week in Business Twitter: Elon’s eggplant emoji, Vlad Tenev meets Dave Portnoy, and Chamath is skeptical about Coinbase. ... No date … Email us at tech@the-sun.co.uk, Thousands of people evacuated from their homes after WW2 bomb found in Exeter, Dad yells 'I can't breathe' as he's pinned down before being 'unlawfully killed', Brit workers will be back in their offices in a 'few short months', says Boris, Lidl rated worst for Covid-secure shopping - how the rest rank revealed, Family jailed after fake food poisoning claims exposed by waterslide pics, ©News Group Newspapers Limited in England No. Kik Interactive's CEO has announced that Kik Messenger will be shutting down in order for Kik to focus on its Kin cryptocurrency. The Canadian social media and messaging app corporate Kik is thinking about shutting down its standard Kik messaging app. Kik’s life as a messaging app is now over as the company appears to be moving more into the cryptocurrency space. Apologises in advance to the app's 300 million users — you'll have to find a new way to text one another without others knowing what you're up to. Find answers to questions about your account and become a Kik pro. We expect these social media numbers to fall even further when the app is not available on either the Apple App Store or the Google Play Store. !, Kik will shut down October 19, here's the data trail it leaves behind.
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