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SoftBank sues social app IRL for fraud, seeks $150 mn in damages

SoftBank sues social app IRL for fraud, seeks $150 mn in damages
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SoftBank sues IRL over elaborate scheme that swallowed $150M

SoftBank valued IRL at $1.1 billion. It turns out that 95% of IRL's users weren't real, leaving the firm in a difficult spot.

Abraham shafi

SoftBank Sues Social App IRL For Fraud, Seeks $150 Mn In Damages

San Francisco, Aug 5 (IANS) Japanese investment giant SoftBank is suing social app IRL for fraud related to fake user base and growth, asking $150 million in

San franciscoUnited statesAbraham shafiExchange commissionActive user

SoftBank Sues Former IRL CEO For Fraud

SoftBank sued former IRL CEO Abraham Shafi and five siblings and cousins for allegedly misleading the investor about the messaging app’s growth, prompting the…

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Softbank files lawsuit against social media startup IRL, claiming fabricated user metrics

Softbank files lawsuit against social media startup IRL, claiming fabricated user metrics
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