SoftBank sues IRL over ‘elaborate scheme’ that swallowed $150M

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  • Tech Squirrel
    Senior Member
    • Apr 2023
    • 10636

    #1

    SoftBank sues IRL over ‘elaborate scheme’ that swallowed $150M

    SoftBank once invested in social app IRL at a $1.1 billion valuation. Now, the Japanese investment firm is suing the defunct company for fraud, alleging $150 million in damages. IRL was supposedly poised to become an event organizing alternative for Gen Z, who are using Facebook less and less. Its self-reported numbers were impressive enough […]

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