Unicorn social app IRL to shut down after admitting 95% of its users were fake

Ironically, the social app IRL‘s users do not exist in real life.
An internal investigation by IRL’s board of directors found that 95% of the app’s reported 20 million users were “automated or from bots,” The Information first reported. So, after raising more than $200 million in venture capital, IRL is shutting down.
IRL was poised to become an event organizing alternative for gen Z, who are using Facebook less and less. But after raising its SoftBank-led $170 million Series C round at a $1.17 billion valuation, the company’s internal troubles became more o

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