IANS - IRL, a social messaging app backed by SoftBank, is closing its operations after discovering that 95% of its users were automated or bots. The app, which had raised $200M in funding, suspended its CEO earlier for alleged misconduct. IRL had previously claimed 20M MAUs but found them to be mostly fake. The company plans to return capital to shareholders.
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Social Messaging App IRL Shuts Down After 95% of Its Users Found to Be Fake
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