fbpx

Kik

Home » Kik

Kik Suffers Setbacks With ‘Void for Vagueness’ Defense in SEC Case

Kik is struggling to mount a strong defense in a case brought by the U.S. Securities and Exchange Commission (SEC) over its $100 million initial coin offering. As reported last month, Toronto-based Kik’s legal team attempted to persuade the district court of the Southern District of New York that the SEC’s case – alleging the 2017 token sale violated securities laws – was void based on the premise that the legal definition of an “investment contract” is …

Kik Suffers Setbacks With ‘Void for Vagueness’ Defense in SEC Case Read More »

SEC Blasts Kik’s ‘Void for Vagueness’ Defense of 2017 ICO

The Securities and Exchange Commission (SEC) said Kik’s August defense of its $100 million initial coin offering (ICO) was “untenable” and is asking judges to toss it. A discovery motion filed Monday further raised the stakes, following the SEC’s 49-page filing Friday – the latest play in a legal chess match with sweeping potential ramifications for tokens and securities law, and one seeking, more specifically, to determine whether Kik’s 2017 ICO was lawful. In Friday’s filing, …

SEC Blasts Kik’s ‘Void for Vagueness’ Defense of 2017 ICO Read More »

Kik Messenger Saved From the Verge of Shutdown

On Oct. 13, Canadian social media and messaging app Kik revealed it’s “here to stay.” This was an apparent reversal from what the company’s CEO, Ted Livingston, said in a blog post — that it was considering shutting down. It became clear just five days later why it was “here to stay.” A Santa Monica-based holding company, MediaLab, had signed an agreement with Kik Interactive to buy its Kik messaging platform.  From angel investment to …

Kik Messenger Saved From the Verge of Shutdown Read More »

Kik Messaging App Now Has New Owner, Will Continue Work on Kin Token

MediaLab, a Santa Monica-based holding company, has finalized an agreement with Kik Interactive to acquire the Kik messaging platform. MediaLab sees the long-term potential of Kik and Kin token On Oct. 18, in a blog post to the millions of members of the Kik community, MediaLab announced that it has acquired the Kik messaging app and explained how the acquisition will impact the app’s future. MediaLab said that the company is committed to Kik for …

Kik Messaging App Now Has New Owner, Will Continue Work on Kin Token Read More »

Kik Sells Messaging App, Reaffirms Kin Crypto Integration

The Kik messaging platform has been bought by MediaLab, a holding company which operates Whisper and a number of other apps, the company announced Friday. Kik Interactive, the company behind the messaging platform, previously announced that it would be shutting the app down in October, though CEO Ted Livingston announced last week that a company had signed a letter of intent to purchase the app. Details of the sale were not disclosed. “We believe that …

Kik Sells Messaging App, Reaffirms Kin Crypto Integration Read More »

Kik Shutting Down Popular Messaging App Due to ICO Legal Battle

Disclaimer: This report previously stated that Kik was only considering shutting down its app and has been updated following new information from Kik. The Canadian social media and messaging app company Kik is considering shutting down its popular Kik messaging app. 70 reported layoffs at Kin subsidiary  In a Sept. 23 article, Israeli tech publication CTech Calcalistit cites two anonymous sources at Kik, claiming that the Canada-based firm is considering closing down its messaging app.  …

Kik Shutting Down Popular Messaging App Due to ICO Legal Battle Read More »

In Drunken Text, Kik CEO Threatens to Quit: ‘I’m Not Going to Jail for This’

Kik CEO Ted Livingston appears to be close to quitting the social messaging startup he founded in 2009 following news Monday that the app is shutting down. In a misdirected message sent seemingly under the influence of alcohol, Livingston said he intends to leave the project, citing fears about its ongoing battles with U.S. regulators. “Will, I know I’ve been drinking, but this ain’t the drink talking, I’m [fed] up with this shit,” he wrote. …

In Drunken Text, Kik CEO Threatens to Quit: ‘I’m Not Going to Jail for This’ Read More »

Scroll to Top