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.