Abraham Shafi
Startups
Unicorn social app IRL to shut down after admitting 95% of its users were fake
1:48 pm PDT • June 26, 2023
Ironically, the social app IRL‘s users do not exist in real life. An internal investigation by IRL’s board of directors found that 95% of the app’s reported 20 million users…
Media & Entertainment
Social app IRL lays off 25% of team, says it has enough cash to last well into 2024
3:31 pm PDT • June 2, 2022
“We have all seen the state of the market,” IRL CEO and co-founder Abraham Shafi wrote in a company-wide memo where the social app announced it would be dramatically cutting…
Startups
Social app IRL makes its first acquisition with deal for digital nutrition company AeBeZe Labs
7:00 am PST • December 2, 2021
IRL, the SoftBank-backed social app and recent unicorn, is today announcing its first acquisition. The company is purchasing, for an undisclosed sum, the “digital nutrition” company AeBeZe Labs and its…
Media & Entertainment
Messaging social network IRL hits unicorn status with SoftBank-led $170M Series C
6:00 am PDT • June 15, 2021
Social calendar app IRL has been busy building a messaging-based social network, or what founder and CEO Abraham Shafi calls a “WeChat of the West.” Following its pandemic-fueled growth and…