Kik Messenger Is Closing Down For A Rather Ironic Reason
Kik Messenger is closing down, with hundreds of developers losing their jobs, as the company pivots to its cryptocurrency, Kin. The company’s CEO said the company had made a deliberate decision to focus on fighting a recent SEC ruling… Kik first launched Kin in 2017 with an initial coin offering (ICO) raising $98 million of a $125 million target. Unfortunately for the company, that didn’t go well, with the US Securities and Exchange Commission taking the view that Kin was a security, not a true cryptocurrency....