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09

Fyre Festival $100 Million Lawsuit Targets Investors Behind the Scenes

By Tony Seruga

Lawyers suing over the Bahamas disaster call the app maker’s $90 million valuation “untethered” to reality.

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…

Fyre Festival $100 Million Lawsuit Targets Investors Behind the Scenes

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