Canadian social-media company Kik Interactive Inc., which is fighting U.S. claims that it illegally raised capital, said it would shut its messaging app and lay off most of its staff.
In June, the Securities and Exchange Commission sued Kik, saying its $100 million fundraising in 2017 evaded U.S. investor-protection laws. Kik had sold its cryptocurrency, Kin, in an initial coin offering—a controversial type of fundraising popular during the bitcoin boom.
Freshman hs me is fucking PISSED
THEAP99
Typical regulation through enforcement. The SEC needs to provide clear guidance for companies to navigate the very unclear regulatory scheme or they will fear ending up like Kik. Regulators should embrace, not stifle innovation.
Whoa... I used kik for a bit, but I was glad to delete it from my phone due to weirdos (other than myself).🤷♂️
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Messaging app Kik closes down as it battles SEC lawsuit over its cryptocurrency plansIn a blog post on Tuesday, Kik's CEO Ted Livingston confirmed that the company would be closing Kik to focus on Kin, its cryptocurrency business.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Kik, A $1 Billion App Plagued By Child Abuse, ClosesKik is closing as the Kin cryptocurrency founder gets ready for battle with the SEC. Those who saw Kik as a crime haven may well be relieved. that collective wail you just heard was the news breaking on 4chan
Source: Forbes - 🏆 394. / 53 Read more »
Kik shuts down once popular messaging appKik Interactive announced late Monday that it's shutting down the messenger app and cutting its staff from over 100 people to just 19 employees. At its peak, Kik's messaging app had hundreds of millions of registered users.
Source: CNN - 🏆 4. / 95 Read more »
Messaging app Kik closes down as it battles SEC lawsuit over its cryptocurrency plansIn a blog post on Tuesday, Kik's CEO Ted Livingston confirmed that the company would be closing Kik to focus on Kin, its cryptocurrency business.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Kik shuts down once popular messaging appKik Interactive announced late Monday that it's shutting down the messenger app and cutting its staff from over 100 people to just 19 employees. At its peak, Kik's messaging app had hundreds of millions of registered users.
Source: CNN - 🏆 4. / 95 Read more »
Kik, A $1 Billion App Plagued By Child Abuse, ClosesKik is closing as the Kin cryptocurrency founder gets ready for battle with the SEC. Those who saw Kik as a crime haven may well be relieved. that collective wail you just heard was the news breaking on 4chan
Source: Forbes - 🏆 394. / 53 Read more »