IRL admits 95% of its app users fake, will shut down
fortune.com
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The messaging app startup hit a $1.2 billion valuation a few years ago.

Yeah, can’t wait for all those unicorns to fold. It will be a great time for all companies that are doing 10-20% growth, as they will be getting all the money when investors start getting careful again

We live in capitalism. The rational choice within that is apparently to stop investing altogether, let everything crash and then flood everything with cheap money again.

Boom and bust is more better, if you’re the one causing it and not some of the plebs actually trying to get something done or, the horror, put food on the table.

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