Fyre Festival $100 Million Lawsuit Targets Investors Behind the Scenes
Lawyers suing over the Bahamas disaster call the app maker’s $90 million valuation “untethered” to reality.
This article is for subscribers only.
Before the now-infamous Fyre Festival collapsed a few weeks back, the company behind it—maker of a mobile phone app you can use to hire entertainers for your club, concert, or party—said it was worth $90 million, according to a document obtained by Bloomberg News.
Fyre Media Inc. faces a half-dozen lawsuits from less-than-satisfied customers over the disastrous music event in the Bahamas. Now that the fallout is beginning to land in court, details are coming out about the company behind it.