Why did Kik close down in September 2019?

Why did Kik close down in September 2019?

On the 24th of September 2019, the CEO of the popular social media and messaging platform kik announced the impending closure of the company. In a blog, Kik Interactive stated that the decision had been forced on it by a legal wrangle with the US Securities and Exchange Commission (SEC). Millions of people like yourself have been affected.

Who is the CEO of the Kik company?

We strive to be the partner of choice for retailers and consumers in the categories we serve. Jared joined KIK as CEO in December, 2018. Prior to this role, Jared was CEO of The Crosby Group (a KKR Portfolio company) since 2016.

Who is the chief supply chain officer for KIK?

Steve received his Bachelor of Science degree in Accounting from Nichols College and is a Certified Public Accountant. Jeff joined KIK as Chief Supply Chain Officer in April, 2019. Prior to this role, Jeff was the SVP of Global Supply Chain and R&D for the Outdoor and Recreation Division of Newell Brands.

Who is the general counsel of Kik UK?

Jon is a Chartered Accountant, and started his career at PwC in the U.K. Isabelle is the Executive Vice President and General Counsel of KIK and joined the organization in 2017. Prior to joining KIK, Isabelle was Deputy General Counsel at General Dynamics Land Systems and had responsibility of the legal affairs of its international businesses.

What are the terms of service for KIK?

These Terms of Service Agreement (or “Terms” for short) describes the rules of Kik’s relationship with you and is a legal agreement, so please read it carefully. The following terms and conditions, together with any documents they expressly incorporate by reference, govern your access to and use of the Kik Messenger, our website, and the Services.

Who are the manufacturers of Kik consumer products?

KIK Consumer Products launches new name and vision 1 Pro forma to exclude co-manufacturing business acquisitions, which were divested in 2020 As one of North America’s largest independent manufacturers of consumer products, KIK helps a large portfolio of brands and retailers bring their products to life.

How much did KiK have to pay to SEC?

Per the final judgment issued Wednesday, Kik will pay a one-time fine of $5 million USD to the commission within the next 30 days. For the next three years, Kik is also required to provide notice to the commission before engaging in enumerated future issuances, offers, sales, and transfers of digital assets.

What happens if I Lose my Kik account?

AS SUCH, IT MAY BE POSSIBLE FOR YOU TO LOSE SOME OR ALL KIN YOU HAVE ACCUMULATED IN ANY OF THE FOLLOWING CIRCUMSTANCES: (1) UPON LOGGING OUT AND LOGGING BACK IN USING A DIFFERENT DEVICE; OR (2) UPON TERMINATION OF YOUR KIK ACCOUNT BY US AT OUR DISCRETION. KIK IS UNDER NO OBLIGATION TO REFUND TO YOU ANY KIN YOU MAY LOSE. 1. Who Can Use the Services

Posted In Q&A