Join thousands of others who receive this daily analysis of crypto markets & news in their inbox every morning - subscribe now. Kik Messenger is preparing for a legal battle with the SEC. The popular messaging app is best known for its privacy and anonymity features, has been downloaded by hundreds of millions of people, and is backed by top-tier investors, such as Tencent, Union Square Ventures, Spark Capital, and RRE Ventures. After the initial launch in 2009 by students from the University of Waterloo, Kik exploded in growth and was valued at over $1 billion within the first 6 years.
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