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yaesu

(8,020 posts) Tue Sep 24, 2019, 01:25 AM Sep 2019

Kik Messaging App to Shut Down Following SEC Lawsuit Against ICO

Following reports its crypto-focused subsidiary Kin had laid off 70 employees, Kik Interactive CEO Ted Livingston announced Monday that Kik will also be shutting down its core messaging service.

Speaking with CoinDesk, and in a company blog post, Livingston said the ongoing dispute with the U.S. Securities and Exchange Commission (SEC) has forced Kik to close its doors.

“This is a direct impact from the SEC legal action,” Livingston told CoinDesk.

https://www.coindesk.com/kik-messaging-app-to-shut-down-following-sec-lawsuit-against-ico

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Kik Messaging App to Shut Down Following SEC Lawsuit Against ICO (Original Post) yaesu Sep 2019 OP

A fairly unsuccessful messaging app company C_U_L8R Sep 2019 #1

C_U_L8R

(45,014 posts)

1. A fairly unsuccessful messaging app company

Reply to yaesu (Original post)

Tue Sep 24, 2019, 01:33 AM

Sep 2019

fails to get any market traction so it pivots in belief free easy money from an ICO will save it. That's not the SEC's fault. They're just dumb. And they're not the only company to run off the ICO cliff to ruin. What derps.

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