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Samson Soturian
China Observer
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Comments by "Samson Soturian" (@samsonsoturian6013) on "Why Are Temu and Pinduoduo a NIGHTMARE? Unveiling Their Dark Rise" video.
It's called a ponzi scheme
60
@marcomarc151 selling below costs in order to scale up quickly. This works as long as there is money from new chumps to pay off old ones. Classic case: Charles Ponzi set up a bank offering 6% interest on deposits while his competitors offered 1%. He lied and said his competitors were too greedy to share profits. For a short time Ponzi was very rich until the bank ran out of money
2
@UlshaRS pyramid/ponzi schemes overlap
1