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Lying to advertisers would not make Facebook a ponzi scheme. A ponzi scheme is when early investors get paid with "profits" that are actually later investors' m
by mrfredward 7y ago
Lying to advertisers would not make Facebook a ponzi scheme. A ponzi scheme is when early investors get paid with "profits" that are actually later investors' money.
No one is doubting that Facebook is making genuine revenue, although they may be misleading people to earn that revenue.
- weego 7y agoearly investors get paid with "profits" that are actually later investors' money But seriously, that's actually what happens in the real world in % of "successful" startups. I think context is important in pointing to something as a ponzi scheme
- bongobongo 7y agoCapitalism is a Ponzi scheme.
- blaser-waffle 7y ago> Lying to advertisers would not make Facebook a ponzi scheme. That would just be Fraud. And on a long enough timeline, publicly traded companies may eventually come to that point.