It seems to be way more profitable to create a pyramid scheme scam business than to create a real business that actually adds value to society and the economy. A lot of the businesses at the cutting edge out there (especially on wall street) are just scams. Do we remember Thernos (https://en.wikipedia.org/wiki/Theranos) or the Juicero (https://en.wikipedia.org/wiki/Juicero)? They raised billions. For anyone who doesn't know what Juicero is, you're in for a treat: https://www.youtube.com/watch?v=PCRx78Zhj7s
It seems to be way more profitable to create a pyramid scheme scam business than to create a real business that actually adds value to society and the economy. A lot of the businesses at the cutting edge out there (especially on wall street) are just scams. Do we remember Thernos (https://en.wikipedia.org/wiki/Theranos) or the Juicero (https://en.wikipedia.org/wiki/Juicero)? They raised billions. For anyone who doesn't know what Juicero is, you're in for a treat: https://www.youtube.com/watch?v=PCRx78Zhj7s
Yes, these types of schemes have been wildly successful at removing people from their money since Charles Ponzi in the 1920s.
They were also used as a located for hedge funds to short our favorite stonks.
Hedgies are fuked....l