That's a very slippery slope. Kik is an app and company that has been going on for years. It existed long before Azer's "kik" and, even if Azer does not know what it is, most people know "Kik" as the phone app and not the bootstrapping tool.
To extrapolate this incident to "companies will start snatching up three letter names, and nothing will ever be able to use a three letter name" is ridiculous.
To extrapolate this incident to "companies will start snatching up three letter names, and nothing will ever be able to use a three letter name" is ridiculous.