That was apparently a hoax. https://mobile.twitter.com/coindesk/status/1176494862121807872?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet Took a while to get corrected though.
That's one way to gloss over the mass layoffs that are about to occur. I didn't even know this was a thing until today. I'm not an avid follower of crypto news, but they seem to have very low...
These are hard decisions. Kik is one of the largest apps in the US. It has industry leading engagement and is growing again. Over 100 employees and their families will be impacted. People who have poured their hearts and souls into Kik and Kin for over a decade.
That's one way to gloss over the mass layoffs that are about to occur.
Going forward our 19 person team will be focused on one goal: getting millions of people to buy Kin to use it.
I didn't even know this was a thing until today. I'm not an avid follower of crypto news, but they seem to have very low adoption (source) in an immature yet saturated market.
Together these changes will drop our burn rate by eighty five percent, putting us in position to get through the SEC trial with the resources we have.
My inner cynic says this is their exit strategy. Lower their losses, pay the lawyers to put on a show, give the C-levels raises, watch it all burn to the ground, and prepare a blog post about your epic struggle against the evil SEC. Kik is the biggest user of Kin by a fairly large margin. This could knock out up to half of their users, so they'll have to do a lot to make up for this loss.
I've only a peripheral knowledge of the crypto scene, and I'd never heard if Kin or Kik until today. It appears to be just another chat app, but with the ability to transfer the Kik crypto between...
I've only a peripheral knowledge of the crypto scene, and I'd never heard if Kin or Kik until today. It appears to be just another chat app, but with the ability to transfer the Kik crypto between users? Any other selling points my cursory googling missed?
I'm not sure what you mean by that. Tumblr doesn't have a cryptocurrency, isn't being sued by the SEC, and was bought by Yahoo over 6 years ago. What's the similarity that you see?
I'm not sure what you mean by that. Tumblr doesn't have a cryptocurrency, isn't being sued by the SEC, and was bought by Yahoo over 6 years ago. What's the similarity that you see?
Communication platform with a demographic slice that's kinda pervy gets chucked over by the devs chasing the new hotness. Probably not just Tumblr now that I think about it.
Communication platform with a demographic slice that's kinda pervy gets chucked over by the devs chasing the new hotness. Probably not just Tumblr now that I think about it.
When Tumblr was still independent having a pervy demographic slice wasn't a big concern for it since it wasn't that different from any other competing platform. It only became an issue after...
When Tumblr was still independent having a pervy demographic slice wasn't a big concern for it since it wasn't that different from any other competing platform. It only became an issue after SESTA/FOSTA. That law + the DMCA are probably half the reason online content platforms are so centralized and messy now.
Edit: this was fake
Looks like the Kik CEO also drunkenly texted the wrong William (a reporter instead of a board member) saying that he's quitting: https://www.coindesk.com/in-drunken-text-kik-ceo-threatens-to-quit-im-not-going-to-jail-for-thisThat was apparently a hoax.
https://mobile.twitter.com/coindesk/status/1176494862121807872?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
Took a while to get corrected though.
That's one way to gloss over the mass layoffs that are about to occur.
I didn't even know this was a thing until today. I'm not an avid follower of crypto news, but they seem to have very low adoption (source) in an immature yet saturated market.
My inner cynic says this is their exit strategy. Lower their losses, pay the lawyers to put on a show, give the C-levels raises, watch it all burn to the ground, and prepare a blog post about your epic struggle against the evil SEC. Kik is the biggest user of Kin by a fairly large margin. This could knock out up to half of their users, so they'll have to do a lot to make up for this loss.
I've only a peripheral knowledge of the crypto scene, and I'd never heard if Kin or Kik until today. It appears to be just another chat app, but with the ability to transfer the Kik crypto between users? Any other selling points my cursory googling missed?
This feels kinda like how things would have played out for Tumblr if they stayed independent.
I'm not sure what you mean by that. Tumblr doesn't have a cryptocurrency, isn't being sued by the SEC, and was bought by Yahoo over 6 years ago. What's the similarity that you see?
Communication platform with a demographic slice that's kinda pervy gets chucked over by the devs chasing the new hotness. Probably not just Tumblr now that I think about it.
When Tumblr was still independent having a pervy demographic slice wasn't a big concern for it since it wasn't that different from any other competing platform. It only became an issue after SESTA/FOSTA. That law + the DMCA are probably half the reason online content platforms are so centralized and messy now.