Kik founder and CEO Ted Livingston will no longer participate in the subscriber conference call
We were informed on Tuesday (9/24) afternoon that Kik founder and CEO Ted Livingston will no longer participate in the subscriber conference call tomorrow. Livingston’s decision follows a Monday evening announcement that Kik would be shutting down its messaging app, resulting in layoffs, and going “all in” on its Kin cryptocurrency.
Joining the call instead will be The Logic’s Murad Hemmadi. He has been covering Kik since before the company’s cryptocurrency transformation. Murad will join the founder of the Logic David Skok to discuss Monday’s developments, the U.S. Securities and Exchange Commission’s case against Kik surrounding its September 2017 initial coin offering of its token, Kin, and the future of payments and transactions in the age of Facebook’s Libra digital coin.
Thursday, September 26 at 12:00 p.m. ET (9:00 a.m. PT)
With: Murad Hemmadi, reporter at The Logic
Hosted by: David Skok, Editor-in-Chief of The Logic
How: Become an annual subscriber today and we’ll follow up with an access email.
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Original Details of the Call
On June 4, 2019, the U.S. Securities and Exchange Commission (SEC) sued Kik Interactive, parent company of the online messaging app, over the US$100 million its initial coin offering (ICO) of its token, Kin, in September 2017. If Kik wins, the case could restrict the U.S. agency’s powers to police ICOs, and set a precedent for how tokens are regulated around the world. “We hope this case will make it clear that the securities laws should not be applied to a currency used by millions of people in dozens of apps,” Kik CEO Ted Livingston said in response to the SEC’s filling.
Livingston will be joined by David Skok, editor-in-chief of The Logic, to talk about the case, the cryptocurrency market and the future of payments and transactions in the age of Facebook’s Libra digital coin.