Hey guys,
Just read this article on Seeking Alpha about Herbalife and the MLM industry: http://seekingalpha.com/article/1814782-what-no-one-wants-to-say-about-herbalife
Just curious if people here agree with the author that Herbalife and its brethren are a Ponzi scheme or a legitimate business model. Personally, I wouldn't go so far as to call it a Ponzi scheme, but I don't think it's a good long-term business model and definitely not rewarding for the majority of the employees/participants. Ready, set, debate!
Also, I put this in the Slowlane category, since I think it's a bit of an indictment of much of America that people would rather try to latch on to a business where they are competing with 10,000 others doing the exact same thing than start something on their own where they can control the business model, profits, etc. Let me know if you think it deserves a better home, and I'll try to be more accurate with future posts.
Just read this article on Seeking Alpha about Herbalife and the MLM industry: http://seekingalpha.com/article/1814782-what-no-one-wants-to-say-about-herbalife
Just curious if people here agree with the author that Herbalife and its brethren are a Ponzi scheme or a legitimate business model. Personally, I wouldn't go so far as to call it a Ponzi scheme, but I don't think it's a good long-term business model and definitely not rewarding for the majority of the employees/participants. Ready, set, debate!
Also, I put this in the Slowlane category, since I think it's a bit of an indictment of much of America that people would rather try to latch on to a business where they are competing with 10,000 others doing the exact same thing than start something on their own where they can control the business model, profits, etc. Let me know if you think it deserves a better home, and I'll try to be more accurate with future posts.
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