Social media startup IRL is shutting down after an investigation by its board concluded that 95% of its claimed 20M MAUs were “automated or from bots”
Open link in next tab
Social App IRL, Which Raised $200 Million, Shuts Down After CEO Misconduct Probe
https://www.theinformation.com/articles/social-app-irl-which-raised-200-million-shuts-down-after-ceo-misconduct-probe
Last year, the CEO of messaging app IRL repeatedly said it had 20 million monthly active users, who chatted about shared interests and planned real-world events together. Today, a spokesperson for the startup said an investigation by the board of directors concluded 95% of those users were “ ...
@silverbax what are the odds on that being the same or similar for every other centralised social network? they only care about that magic MAU value and will tamper with it as much as possible to sell ads.
"ad fraud" is just something EVERYONE seems to be doing, and the big players just do it bigger.