IRL, a popular social app focused on event discovery, has been revealed to have a user base consisting mainly of fake accounts. An investigation by the board of directors found that 95% of IRL’s supposed 20 million users were automated or from bots. The Securities and Exchange Commission (SEC) has also launched an investigation into whether the company misled investors. This is not the first instance of a tech startup being accused of inflating user numbers. Despite raising significant funding, IRL has announced its shutdown, leaving the remaining users to find alternative platforms for their community conversations.
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