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Founder of IRL social media app charged with defrauding investors

cnbc.com Chris Eudaily 2025-10-25 18:49:42

The founder of the company behind the IRL social media app was charged with defrauding investors of $170 million in the company's 2021funding round, the Department of Justice said Wednesday. A federal grand jury in the Northern District of California indicted Abraham Shafi, 38 of Hawaii, with wire fraud, securities fraud and obstruction in connection with the scheme, the DOJ said. Shafi was the CEO of Get Together, the parent company of IRL. The company was valued at $1 billion after its 2021

Topics: company doj luxury said shafi
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Faraday Future is back with another wild EV that probably will never get made

theverge.com Peter Nelson 2026-01-05 09:28:41

Ask anyone who’s familiar with EV startups what Faraday Future is, and words like vaporware or severely delayed might come to mind. That’s because, in the brand’s 11-year existence, it has seemingly overpromised and under-delivered on nearly everything it has ever announced. As reported by Autoweek, it has sold less than 20 of its luxury FF 91 full-size EVs since it debuted two years ago — mostly to investors and celebrity influencers. Last week, Faraday revealed its latest model, the FX Super

Topics: company faraday ff luxury super
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Touching the back wall of the Apple store

news.ycombinator.com Unknown 2026-02-13 05:45:02

Touching the back wall of the Apple store 23 Jun, 2025 Here's a dumb story. When I was in high school, my friends and I had a game we used to play at the mall: we would go into the Apple store and try to make it to the back wall of the store, touch it, and exit out the front without an Apple staff person talking to us. We were fascinated with the Apple store in the mall because it was essentially an interactive luxury goods store where they'd let you actually grasp all the luxury goods with y

Topics: apple game ipod luxury store
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