Kik, once valued at $1B, is to be closed

#1

Post by Vaslo » Wed, Sep 25, 2019, 10:00 PM UTC

Kik, once valued at $1B, is to be closed
forbes.com

Re: Kik, once valued at $1B, is to be closed

#2

Post by pcunite » Wed, Sep 25, 2019, 10:37 PM UTC

... the FBI had taken control of a Kik user's account to run groups sharing such illegal imagery for over a year ...

Think about that for moment.

Re: Kik, once valued at $1B, is to be closed

#3

Post by edude03 » Wed, Sep 25, 2019, 10:37 PM UTC

Not to diminish the importance of the child abuse but the real problem seems to be "securities fraud" not child abuse, so I'm not sure why the title and the article bring up the child abuse as if it's the reason for the closure?

Re: Kik, once valued at $1B, is to be closed

#4

Post by dooglius » Wed, Sep 25, 2019, 10:40 PM UTC

edude03 wrote: post #3

Not to diminish the importance of the child abuse but the real problem seems to be "securities fraud" not child abuse, so I'm not sure why the title and the article bring up the child abuse as if it's the reason for the closure?

There's been child abuse on Facebook too, but it doesn't seem to get the moniker "app plagued by child abuse".

Re: Kik, once valued at $1B, is to be closed

#5

Post by dang » Wed, Sep 25, 2019, 10:41 PM UTC

edude03 wrote: post #3

Not to diminish the importance of the child abuse but the real problem seems to be "securities fraud" not child abuse, so I'm not sure why the title and the article bring up the child abuse as if it's the reason for the closure?

Ok, we've replaced the article title with a phrase from the first sentence.

Re: Kik, once valued at $1B, is to be closed

#6

Post by jonathankoren » Wed, Sep 25, 2019, 10:44 PM UTC

The weird thing about Kik was that everyone I met that used it thought it had some sort automatic message deletion like Telegram, but I don't think it did. Old messages would stay forever.

Re: Kik, once valued at $1B, is to be closed

#7

Post by quickthrower2 » Wed, Sep 25, 2019, 10:45 PM UTC

... but will it take out a bunch of NPM packages with it?

Re: Kik, once valued at $1B, is to be closed

#8

Post by giancarlostoro » Wed, Sep 25, 2019, 10:48 PM UTC

> "While we are ready to take on the SEC in court, we underestimated the tactics they would employ. How they would take our quotes out of context to manipulate the public to view us as bad actors. How they would pressure exchanges not to list Kin. And how they would draw out a long and expensive process to drain our resources."

Anything you say, can and WILL be used against you in a court of law. Without good lawyers you are screwed. Careful what you say publicly and to officers or anybody like the SEC. Bring a lawyer, discuss your battle plan.

If a cop says only guilty people need lawyers you pay no attention to such ignorance. Lawyer the hell up.

Re: Kik, once valued at $1B, is to be closed

#9

Post by choward » Wed, Sep 25, 2019, 10:49 PM UTC

quickthrower2 wrote: post #7

... but will it take out a bunch of NPM packages with it?

At least they brought attention to how bad it was to rely on NPM. If anyone doesn't remember, this is how the whole left-pad issue started: https://blog.npmjs.org/post/141577284765/kik-left-pad-and-np...

Re: Kik, once valued at $1B, is to be closed

#10

Post by criddell » Wed, Sep 25, 2019, 10:49 PM UTC

What was the $1B valuation based on? It seems absurd.