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Kik Shuts Messaging App and Events Take an Unusual Turn

Sept. 24, 2019, 4:16 PM

Beleaguered messaging app Kik Interactive Inc. isn’t giving up its fight with regulators so easily.

The company behind the Kin digital token announced this week it’s shutting down its messaging app and reducing its headcount to 19 people to better focus on its fight with the U.S. Securities and Exchange Commission for illegally raising millions through an initial coin offering, or ICO. The downsizing impacts more than 100 employees and their families, the company said.

“All is not well,” Ted Livingston, Kik’s chief executive office, wrote in a blog post late Sept. 23. “With the SEC working to characterize almost ...

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