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Messaging App IRL Is Shutting Down because 95% of its Users Are Fake: Reports - Vimarsana News

Messaging App IRL Is Shutting Down because 95% of its Users Are Fake: Reports

Published: June 28, 2023

Messaging app startup IRL, which two years ago reached a valuation of US$1.2bn (billion) in a US$170mn (million) series C funding round led by SoftBank Vision Fund 2, is shutting down after admitting that 95% of its users are automated or from bots, says a report from Fortune.com

Source: moneylife.in
Related Topics:
Sean ByrnesSara MauskopfAbraham ShafiFloodgate FundExchange CommissionFounders FundSoftbank Vision FundGoodyear CapitalMutual Fund ReturnsAnk Fixed DepositsNvestor ReturnsOrtfolio Allocation
IRL admits 95% of its app users fake, will shut down - Vimarsana News

IRL admits 95% of its app users fake, will shut down

Published: June 25, 2023

The messaging app startup hit a $1.2 billion valuation a few years ago.

Source: fortune.com
Related Topics:
Sara MauskopfApril ShafiLisa WatsonSean ByrnesFloodgate FundFounders FundExchange CommissionGoodyear Capital
A messaging app startup that raised $200M from SoftBank and others is shutting down because 95% of its users were fake - Vimarsana News

A messaging app startup that raised $200M from SoftBank and others is shutting down because 95% of its users were fake

Published: June 25, 2023

IRL hit a $1.2 billion valuation a few years ago and boasted of its "unicorn status."

Source: yahoo.com
Related Topics:
Sara MauskopfLisa WatsonAbraham ShafiApril ShafiSean ByrnesExchange CommissionFloodgate FundFounders FundSoftbank Vision FundGoodyear Capital