This messaging app for teens is now worth $1 billion

NEW YORK – If messaging apps are the future, Kik is positioning itself to take over.
According to a new report from Pew Research Center, 36 percent of smart phone users use messaging apps such as Kik, WhatsApp or iMessage. Among the younger set, they’re even more popular: 49 percent of smart phone users ages 18 to 29 use these types of apps.
According to Kik Interactive, its app has a significant share of these users. The startup says it has 240 million registered users, the vast maj