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Kik's CEO, Ted Livingston, appears to be about to leave the social messaging start-up that he founded in 2009 after the announcement Monday of the closing of the application.
In a misdirected message apparently sent under the influence of alcohol, Livingston announced plans to leave the project, citing fears about his ongoing battles with US regulators.
"Will, I know I drink, but it's not the drink that speaks, I'm [fed] with this shit, "he wrote.
The intended recipient of Livingston's message is unclear, even though in the text it is suggested to be William Mougayar, a board member of Kik. Mougayar could not be reached for comment.
"We will talk more about replacing the next morning, but I resigned," he said, adding:
"I have my ticket. I will not go to jail for that. "
Livingston suppressed the message after it was received by this reporter, also named Will. When asked to clarify his comments, Livingston replied "no comment".
Livingston seemed to suggest that discussions were going on as to who would continue operations after he left.
The last message reveals a blatant division between Kik's public speech about the case and the palpable preoccupation behind the scenes.
Ontario-based Kik has been beating the US Securities and Exchange Commission (SEC) for a long time with its $ 100 million initial offering (ICO) in 2017. Kik has declared a "Defend" crowdfunding campaign. Crypto "in May 2019, which garnered support from a few key players. However, an overwhelming complaint filed with the SEC in June made the company's OIC a last-ditch effort by Kik to stay afloat.
Earlier Monday, Kik announced that the regulatory procedure had had a negative impact on the company and that its flagship messaging service would be closed. Livingston announced that Kik plans to downsize 19 key developers to further develop Kik's native token, KIN.
Image of Ted Livingston, CEO of Kik, via YouTube / Kin Ecosystem Foundation
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