kik News of 08/05/20
Meet Dongtu, The Giphy Of China
With its own universe of homegrown social networks, e-commerce platforms and search engines, the Chinese internet is a world apart from its counterpart in the U.S. But in some areas, the two countries are surprisingly similar. That’s ...
MediaLab Acquires Messaging App Kik, Expanding Its App Portfolio
Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab . It echoes the same message from Kik’s chief executive Tim Livingston last week when ...
Kik Says It’S ‘Here To Stay,’ Following Shutdown Reports
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 ...
Messaging App Kik Shuts Down As Company Focuses On Kin, Its Cryptocurrency
Kik Interactive CEO Ted Livingston announced today that the company is shutting down Kik Messenger to focus on its cryptocurrency Kin, the target of a lawsuit filed by the Securities and Exchange Commission. The company’s team will be reduced to ...
Shape Security Hits $1b Valuation With $51m Series F
Anti-fraud startup Shape Security has tipped over the $1 billion valuation mark following its latest Series F round of $51 million. The Mountain View, Calif.-based company announced the fundraise Thursday, bringing the total amount of outside ...
In A 130-Page Court Filing, Kik Claims The SEC’S Lawsuit “Twists” The Facts About Its Online Token
CEO Ted Livingston of Kik Kik Interactive has hit back at the Securities and Exchange Commission lawsuit that claims a $100 million token sale was illegal. The company, which owns Kik Messenger, filed a 130-page response today in U.S. ...
How Facebook’S Libra Is Similar In Concept And Motivation To Kik’S Kin Cryptocurrency
Facebook unveiled its Libra cryptocurrency initiative today , which is part of an alternative financial system (including new subsidiary and wallet ‘ Calibra ‘) it aims to build alongside industry and academic partners including ...
Telegram’S Crypto Tokens Are (Kind Of) Going On Sale To The Public For The First Time
Telegram, the most hyped ICO in the history of ICOs, is finally making its tokens available to retail investors through a limited listing that will precede a full sale later this year — but there are a lot of catches. The messaging company, ...
SEC Expands Its War On Cryptocurrency Companies With A Lawsuit Against Kik
The Securities and Exchange Commission has sued Kik Interactive for the $100 million token sale the company announced two years ago. It’s an expansion of legal actions that began last year as the SEC seeks to rein in companies that the ...