SoftBank Alleges $150 Million Loss on IRL App Collapse (1)

Get Together Inc.'s co-founder allegedly conspired with relatives to persuade a pair of SoftBank Group Corp. funds to invest $150 million in the social media company by creating fake user metrics through automated software, according to a new complaint.

Get Together, also known as In Real Life or IRL, recently shut down after an internal investigation by its board of directors, the venture capital funds say. The SoftBank entities filed their complaint Monday in the US District Court for the Northern District of California.

IRL co-founder and former CEO Abraham Shafi allegedly said in April 2021 that the app had ...