A Ponzi scheme (/ˈpɒnzi/; also a Ponzi game) is a form of fraud which lures investors and pays profits to older investors by using funds obtained from newer investors. Investors may be led to believe that the profits are coming from product sales, or other means, and remain unaware that other investors are the source of profits. A Ponzi scheme is able to maintain the illusion of a sustainable business as long as there continues to be new investors willing to contribute new funds and most of the investors do not demand full repayment and are willing to believe in the non-existent assets that they are purported to own. -wiki
-uber has very little assets.
-uber has no protections from competition.
-uber is over $20BILLION DOLLARS in debt.
-uber has raped, killed and murdered, with hundreds of victims.
-uber has never made a dime in profit.
-uber has no plans or proven models to make profit.
Can someone here please explain them going IPO at an attempted $120BILLION?
Like this a scam right and everyone is on it?
Submitted October 21, 2018 at 12:29PM by caliphornian https://ift.tt/2yS43pE
