Curtains down for Koo; founders say little yellow bird bids final goodbye
New Delhi (PTI): Social media platform Koo, which had pitched itself as a rival and viable alternate to Twitter (now X), is shutting down with co-founders on Wednesday penning a heartfelt note about tough decisions and little yellow bird bidding "final goodbye".
In a post on LinkedIn, co-founders Aprameya Radhakrishna and Mayank Bidawatka announced that the platform will be discontinuing its services to the public, as talks for a partnership with multiple larger internet companies, conglomerates and media houses did not yield the desired outcomes.
"We explored partnership with multiple larger internet companies, conglomerates and media houses but these talks didn't yield the outcome we wanted," the note said.
The duo said that although they would have liked to keep the app running, "the cost of technology services to keep social media app running is high and we've had to take this tough decision".
Koo at its peak grossed about 2.1 million daily active users, about 10 million monthly active users, and over 9,000 VIPs that included some of the most prominent personalities from various fields.
"We were just months away from beating Twitter in India in 2022 and could have doubled down on that short term goal with capital behind us," they said.
A funding winter, however hit the company at its peak, hurting plans and forcing the platform to "tone down" its growth trajectory.
"Unfortunately for us, the mood of the market and the funding winter got better of us," the note mentioned as the founders signed off saying, "the little yellow bird says its final goodbye" in a reference to Koo's yellow bird logo.
It may be recalled that Koo's popularity in India peaked around 2021 amid the Indian government's spat with Twitter (now X) and growing calls for expanding the ecosystem of homegrown digital platforms.
At its peak, Koo experienced heady growth in user metrics as union ministers and government departments at that time endorsed the homegrown microblogging platform.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Ballari clash: Sriramulu, Janardhana Reddy hold press meet; statue unveiling postponed
Ballari: Former minister B Sriramulu and Gangavathi MLA Gali Janardhana Reddy addressed a joint press conference on Friday, a day after a violent clash broke out between rival Reddy groups over the installation of banners ahead of the Valmiki statue unveiling programme in the city.
Speaking to reporters, Sriramulu said the death of Rajasekhar Reddy, who was killed by a gunshot during the clash, was painful. He said he and his party would stand by the victim’s family and extend support to them. Alleging that Ballari MLA Nara Bharath Reddy was responsible for the incident, Sriramulu demanded legal action against him and called for a thorough probe to establish whose bullet caused Rajasekhar Reddy’s death.
Sriramulu further alleged that the clash was premeditated, claiming that a group had come near their residence with petrol-filled beer bottles and stones, allegedly with the intention of attacking them. He also alleged that there was an attempt to assault Janardhana Reddy.
Janardhana Reddy, addressing the media, said the incident had made him fear for his life. He alleged that there was an attempt to kill him and held Bharath Reddy responsible for the violence. Former minister Somasekhar Reddy, BJP Ballari district leaders and party workers were also present at the press meet.
The clash occurred on Thursday night in the Havambhavi area when rival groups confronted each other over putting up banners for the Valmiki statue unveiling scheduled for January 3. During the violence, a Congress worker was shot dead. Police have registered four separate cases in connection with the incident, including one taken up suo motu.
Responding to the allegations, Ballari MLA Bharath Reddy said the party was mourning the loss of its worker, Rajasekhar Reddy, whom he described as a close associate. He accused Janardhana Reddy of trying to divert attention from illegal mining issues and said the death had cast a shadow over the planned celebrations. He announced that the Valmiki statue unveiling programme had been postponed due to the prevailing atmosphere of grief.
Meanwhile, Ballari Rural MLA B Nagendra confirmed that the statue unveiling event had been temporarily deferred following the clash and on the advice of the Chief Minister. He said the programme would be held on a later date under the leadership of the Chief Minister and senior ministers. Nagendra also criticised Janardhana Reddy, saying there was no place for what he described as a “Republic of Ballari” mindset under the present administration, and asserted that the government would not allow any form of intimidation or lawlessness.
_vb_21.jpeg)
_vb_33.jpeg)