Kik was one of the hottest messengers back in the day when it first launched 9 years ago. However, we saw that the competition increased several folds over time and the Kik Messenger was reduced in popularity. But it does not mean that the Messenger is not used nowadays. In fact, we have seen reports suggesting that the Kik Messenger is still being used by millions even today. But some disappointing news came late last month for the fans of Kik Messenger as they announced the shutdown of Kik and said that they will cut their headcount of 100 employees to an “elite 19 person team”.
But there has been a lot of drama regarding Kik Messenger ever since its shutdown was announced. Because soon after that, Ted Livingston announced that they might have found a new home for Kik meaning that they were in talks with a potential buyer and that they have signed an LOI with a “great company”. While Ted mentioned that it is not a done deal yet but it should be a win-win for both, Kik has now announced that they are “here to stay” which means that the deal might have been finalized as reported by TechCrunch. Also, they have announced that “there’s some really exciting plans for making the app even better.”
Kik also launched a cryptocurrency named as Kin which is facing severe scrutiny from SEC who had filed a lawsuit and said that “The SEC charges that Kik sold the tokens to U.S. investors without registering their offer and sale as required by the U.S. securities laws,”. Even when Kik’s shutdown was announced, Livingston said that “[N]o matter what happens to Kik, Kin is here to stay,” and added that “Kin operates on an open, decentralized infrastructure run by a dozen independent companies. Kin is a currency used by millions of people in dozens of independent apps.”