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A comment on The Cryptocurrency Industry Is 'On the Brink of an Implosion', Research Says. Parent comment

Re:The Cryptocurrency Industry Is 'On the Brink of an Implos... by atombender on Monday October 15, 2018 @02:51PM (#18222547)
There's nothing wrong, at least conceptually, with Herbalife's products, protein shakes.

However, Herbalife's success comes from their incredibly shady and destructive pyramid scheme that preys on individuals and tricks them into acquiring debt in exchange for becoming "distributors" of Herbalife products. According to the FTC [1], "it's virtually impossible to make money selling Herbalife products".

I recommend the documentary Betting on Zero [2] for more insight into Herbalife, as well as the fascinating story of Bill Ackman's failed attempt at shorting their stock at a huge scale.

[1] https://www.ftc.gov/news-events/blogs/business-blog/2016/07/...

[2] https://en.wikipedia.org/wiki/Betting_on_Zero

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Re:The Cryptocurrency Industry Is 'On the Brink of an Implos... by hellogoodbyeeee on Monday October 15, 2018 @04:52PM (#18223630)
Betting on Zero is a great documentary. If you want a competing view point, you should read the blog posts by John Hempton, an Australian hedge fund manager.

http://brontecapital.blogspot.com/2015/06/herbalife-very-lon...

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