kik MediaLab Acquisition Saves Kik Messenger From Imminent Shutdown Multimedia holding company MediaLab officially acquires the popular messaging app Kik, rescuing it from a previously rumored shutdown. The new owners plan to introduce ads, reduce spam bots, and improve the app's overall speed.
kik Kik Messenger Shuts Down Amid Ongoing SEC Cryptocurrency Battle Kik Interactive is closing its popular messaging app and laying off over 100 employees to survive an SEC lawsuit targeting its Kin cryptocurrency. The drastic shift reduces the company's burn rate by 85 percent as it prepares for a legal fight over whether Kin is an illegal security.
sec SEC Sues Kik Over Unregistered $100 Million Cryptocurrency Sale U.S. regulators file a lawsuit against messaging app Kik for conducting an illegal $100 million token sale without proper registration. The agency claims the company marketed the tokens as an investment rather than a functional currency.