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Kik Messenger will not be Shutdown, Acquired by Medialab

Hello friends, In this post, we are going to talk about Kik messenger which is very popular in news for Kik shutdown news... 

Kik Messenger, commonly called Kik, is a freeware instant messaging mobile app from the Canadian company Kik Interactive, available free of charge on iOS and Android operating systems.

It echoes an equivalent message from Kik’s chief government Tim American Revolutionary leader last week once he rebuffed earlier reports that the corporate would finish off amid associate current battle with the U.S. Securities and Exchange Commission. American Revolutionary leader had tweeted that Kik had signed a letter-of-intent with a “great company,” however that it absolutely was “not a done deal.”

Now we all know the company: MediaLab. In a post of  Kik’s blog on Friday the MediaLab same that it's “finalized an agreement” to amass Kik courier.

“Kik is one among those wonderful places that bring the U.S. back to those early aspirations,” the diary post-scan. “Whether it's a passion for associate obscure manga or your favorite squad, Kik has shown an improbable ability to supply a platform for brand spanking new friendships to be cast through your portable.”

MediaLab could be a company that owns many alternative mobile properties, as well as anonymous social network Whisper and mixtape app DatPiff. In getting Kik, the company is increasing its mobile app portfolio.

MediaLab same it's “some ideas” for developing Kik going forwards, as well as creating the app quicker and reducing the number of unwanted messages and spambots. the corporate same it'll introduce ads “over the approaching weeks” so as to “cover our expenses” of running the platform.

Buying the Kik electronic messaging platform adds another social media weapon to the arsenal for MediaLab and its chief government, archangel author .

Heyward was associate early star of the budding l. a. startup community with the launch of the anonymous electronic messaging service, Whisper nearly eight years agone. At the time, the corporate was one among a clutch of anonymous apps — as well as Secret and YikYak — that raised tens of many greenbacks to supply on-line iterations of the kiosk journal, the burn book, and also the rest room wall (respectively).

At the time Whisper had roughly twenty million monthly active users across its app and web site, that the corporate was wanting to monetize through programmatic advertising, instead of brand-sponsored campaigns that had provided a number of the company’s revenue within the past. Through widgets, the corporate had an extra ten million viewers of its content per-month mistreatment varied widgets and a reach of around 250 million through Facebook and alternative social networks on that it printed posts.

People aware of the corporate same at the time that it absolutely was seeing gross revenues of roughly $1 million and was progressing to hit $12.5 million in revenue for that year. By 2018 that revenue was expected to prime $30 million, consistent with sources at the time.

The flagship Whisper app let individuals post short bits of anonymous text and pictures that people may like or comment concerning. author supposed it to be the simplest way for individuals to share a lot of personal and intimate details — to be a social network for confessions and support instead of harassment.

The idea caught on with investors and Whisper managed to lift $61 million from investors as well as redwood, Lightspeed Venture Partners, and Shasta Ventures. Whisper’s last spherical was a $36 million Series C back in 2014.

Fast forward to 2018 once Secret had been shutdown off for 3 years whereas YikYak conjointly went bust — mercantilism off its engineering team to face for around $1 million. Whisper, meanwhile, on the face of it found out MediaLab as a company for its app and extra assets that author would look to roll up. the corporate filed registration documents in CA in June 2018.

According to the filings, Susan Stone, a partner with the investment company Sierra Wasatch Capital, is listed as a director for the corporate.

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