CNBC - SoftBank's Vision Fund II has filed a lawsuit against IRL, a social media startup it invested in, accusing the company's founders of inflating user metrics, misleading the fund, and defrauding it of millions. IRL allegedly used bots to create a false appearance of user engagement. The lawsuit highlights concerns over the scrutiny of SoftBank's portfolio companies and the challenges of AI-driven content recommendations.
by Rohan Goswami
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