3 ms·
The key difference is the word profit. Peloton et al do not claim to make a profit, there is no dividend. The reason the difference is important is because if
by stickfigure 5y ago
The key difference is the word profit. Peloton et al do not claim to make a profit, there is no dividend.
The reason the difference is important is because if you we understand what a Ponzi scheme really is, we won't be able to identify them and prosecute them. Claiming that "everything is a ponzi scheme" is actively harmful.
- panarky 5y agoPeloton doesn't claim to make a profit, but expectations of "profits" are the expectations of "investors", where early "investors" extract gains on their investment from new money coming in from later "investors". Just because a scheme is legal under current laws does not mean it is not a Ponzi or Ponzi-adjacent.
- stickfigure 5y agoIf you s/Ponzi/fraud/g in your last sentence, it's true. As written, it is false.
- deleted 5y ago[deleted]