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Kik says it’s ‘here to preserve,’ following shutdown reviews


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Kik says it’s ‘here to preserve,’ following shutdown reviews

It’s been a rough run for Kik of late. The once mighty messaging service announced in late September that it would be shutting down its app. CEO Ted Livingston noted in a blog post that the startup would be trimming its headcount from over 100 people to “an elite 19 person team,” following a protracted…

Kik says it’s ‘here to preserve,’ following shutdown reviews

It’s been a tough bolt for Kik of tiresome. The once mighty messaging provider launched in tiresome September that it might perchance presumably be shutting down its app. CEO Ted Livingston eminent in a weblog put up that the startup might perchance presumably be trimming its headcount from over 100 of us to “an elite 19 person crew,” following a protracted 18 month battle with the SEC.

This day the provider eminent on Twitter, nevertheless, “Gargantuan news: Kik is here to preserve!!!! AND there’s some in actual fact keen plans for making the app even better. More limited print coming soon. Discontinue tuned.”

Gargantuan news: Kik is here to preserve!!!!AND there’s some in actual fact keen plans for making the app even better. More limited print coming soon. Discontinue tuned. 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉

— Kik (@Kik) October 13, 2019

The news follows an October 7 tweet from Livingston that eminent, “Some keen news: we might perchance presumably moreover dangle stumbled on a rental for Kik! We trusty signed an LOI [letter of intent] with a mountainous company. They dangle to engage the app, proceed increasing it for our millions of users, and prefer the Kin integration to the next stage. Not a done deal yet, but is in overall a mountainous buy buy. More soon.”

Some keen news: we might perchance presumably moreover dangle stumbled on a rental for Kik! We trusty signed an LOI with a mountainous company. They dangle to engage the app, proceed increasing it for our millions of users, and prefer the Kin integration to the next stage. Not a done deal yet, but is in overall a mountainous buy buy. More soon https://t.co/SeLjf9bEaG

— Ted Livingston (@ted_livingston) October 7, 2019

Along with the beforehand eminent shutdown of Kik Messenger, the govtadded that the a ways leaner crew might perchance presumably be involving its heart of attention to its cryptocurrency, Kin. “[N]o matter what happens to Kik, Kin is here to preserve,” Livingston talked about of the two-twelve months-mature foreign money at the time. “Kin operates on an starting up, decentralized infrastructure bolt by a dozen fair companies. Kin is a foreign money ancient by millions of of us in dozens of fair apps.”

Kin became the matter of an SEC lawsuit earlier this twelve months, following its $100 million ICO lift. “The SEC costs that Kik sold the tokens to U.S. patrons with out registering their offer and sale as required by the U.S. securities rules,” the price wrote in June.

What the future within the conclude appears cherish for Kik is peaceable very unclear following the rather cryptic tweet. We’ve reached out to the corporate for utter.

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