
Federal Judge Rules that Kik’s 2017 Token Sale Violated US Securities Law
Before October 20, the parties have to file either a joint proposal for Kik’s investors, or a document with a proposal on how to proceed.
Founder of Kik Messenger.
Ted Livingston is the founder and CEO of Kik, a chat network with more than 240 million registered users and 40 percent of U.S. teens. Founded in 2009, Kik is headquartered in Waterloo, Ontario, and has raised $120.5 million from investors including Tencent and Union Square Ventures. Ted also maintains an active interest in the University of Waterloo’s Velocity Fund, a startup accelerator he conceived of and first funded.
Kik
Canadian
Waterloo, Ontario
University of Waterloo, B.E Engineering, Mechatronics - 2005-2009
Kik Messenger - Founder and CEO
Before October 20, the parties have to file either a joint proposal for Kik’s investors, or a document with a proposal on how to proceed.
According to the SEC, the commission and Kik took a total of 11 depositions in the case. The twelfth deposition is scheduled for January 28, 2020.
Kik messaging platform will stay but it will be working under MediaLab that has purchased it.
Despite the battle against the US SEC Kik will not shut down. It has been announced that Kik is going to struggle for its existence.
CEO of the once-popular messaging app Kik has indicated that the firm will go to trial against the United States Securities and Exchange Commission of classification of their Cryptocurrency token Kin as a security.