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

TechCrunch
By Amanda SilberlingAug 4, 2023, 5:07 pm221 pts
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…

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