Kik was controversial success story. Now its future is up in the air

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With layoffs and the closure of the messenger app, the company can cut its cash burn rate by 85 per cent, saving money for its SEC crypto battle

For nearly a decade, Kik Interactive Inc. was the controversial success story of the Waterloo tech community.In a blog post Monday evening, chief executive Ted Livingston announced that he’s shutting down the company’s signature Kik Messenger service, which once boasted more than 80 million users.

The shutdown is the latest twist in the Kik saga, which saw the startup grow into one of Canada’s first tech unicorns, despite a series of controversies along the way. In 2018, the BBC reported that the app was involved in more than 1,100 child abuse cases, and several other international media outlets have reported on widespread sexual exploitation on Kik.

Online safety has been a key priority. We've always wanted our users to safely enjoy Kik, and have meaningful conversations. Sadly that is now coming to an end

 

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