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6th August 2024, 07:00 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 152,455
| Facebook rival founder arrested The SEC alleges that CEO Abraham Shafi raised around $170 million by falsely portraying IRL as a social media success story. He claimed that IRL’s supposed 12 million users were gained through organic growth, but the SEC argues that the company spent millions on advertisements to attract users, hiding these expenses in its books. https://fudzilla.com/news/59466-face...under-arrested |
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