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

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

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

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

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

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

The NYT's Irresponsible Reporting on Bank Crises

48 Hours Till Payroll, $200,000 to Go: Diary of a Bank Failure

The collapse of Silicon Valley Bank set major financial disruptions in motion. It also made one founder’s week a scramble.