While Kik Interactive has opted to focus on cryptocurrencies, its messaging app will now develop under a new owner. In a new post on Kik blog, MediaLab has revealed acquiring the messaging network from its network and plans to expand the application further.
MediaLab, the owner of several other internet brands like Whisper, DatPiff, Manga Life, and more, announces its aims to make Kik messenger faster and less buggy. The owner also mentions getting rid of spambots. The holding company doesn’t intend to change the working of the platform and praised the feature of forging connections through a common interest. However, a few innovations, like the video chat toggle and the third-party bots platform will be discontinued to accomplish the new developments.
Kik Interactive is currently in a battle with the Securities and Exchange Commission. The agency has sued the company for an illegal, unregistered securities offering carried out in June 2017 that raised $100 million. The network announced giving up on its messaging service in September to downsize and be capable of affording the lawsuit fight.