SEC Charges Founder of Social Media Company “IRL” with $170 Million Fraud. (www.sec.gov)
from ModerateImprovement@sh.itjust.works to technology@lemmy.world on 01 Aug 2024 02:16
https://sh.itjust.works/post/23050000

#technology

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Chronographs@lemmy.zip on 01 Aug 2024 02:27 next collapse

lol. Lmao

dohpaz42@lemmy.world on 01 Aug 2024 03:52 next collapse

Apparently only 5% of the accounts were real. 😂

Ilovethebomb@lemm.ee on 01 Aug 2024 09:24 collapse

Everyone on IRL is a bot except you.

All jokes aside, having staff arrange events etc until you pick up enough actual users for the thing to run organically is pretty normal, filling the site with bot accounts not so much.

It sounds like it was a scam right from the start.

pineapple_pizza@lemmy.dexlit.xyz on 01 Aug 2024 06:01 next collapse

Knew people that worked here, most people inside didn’t know either until one day it all came down. Seemed like a really good opportunity at the time. But in 2021 everything seemed like a good opportunity.

jaybone@lemmy.world on 01 Aug 2024 12:00 collapse

Never heard of IRL. Does this mean I’m old?