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Indian Social Media Platform Koo Shuts Down After Failed Acquisition Talks

Once valued at nearly $300 million, Koo ceases operations following unsuccessful negotiations with multiple companies.

  • Koo, launched in 2019, aimed to be a 'Made-in-India' alternative to Twitter.
  • The platform gained popularity during the Indian government's conflict with Twitter over content regulation.
  • Despite claims of having 9 million active users, Koo struggled with revenue generation and content moderation issues.
  • Failed acquisition talks with companies like Dailyhunt led to the decision to shut down.
  • Koo's founders cited the high cost of running the platform and a lack of long-term investment as critical challenges.
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