Sorry but it’s hard for me to believe an app with so many users is just going to close down for a reason that’s largely tangential to the strength of its core business.
It’s much more likely this is a ploy to get the SEC or other litigating parties to settle for a smaller amount.
But do those users actually make the app any money? If not, there may not be a lot of real value there? Or at least, not enough to interest the kind of buyers capable of taking on the technical and social maintenance required.
It’s much more likely this is a ploy to get the SEC or other litigating parties to settle for a smaller amount.