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 19 people, a reduction that will affect over 100 employees, as it focuses on converting more Kin users into buyers.
“Instead of selling some of our Kin into the limited liquidity that exists today, we made the decision to focus our current re