Messaging App Kik Is Shutting Down as The Company Focuses on Cryptocurrency Kin

Founder and CEO Ted Livingston cited pressure from the SEC

Kik for the iPhone Kik/iTunes App Store

The jury may still be out on cryptocurrency, but one company is going all-in, as Ted Livingston, founder and CEO of messaging application Kik and cryptocurrency Kin, revealed that he is shuttering the former to focus on the latter.

@9Number9 David Cohen is editor of Adweek's Social Pro Daily.