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by ax0n 5624 days ago
In that whole thing, there's no numbers or names to back anything up. There's one hyperbole ($100 spent in ads to sell one book) and a bunch of really vague "people I know..." rhetoric.

Also, the author does not know what a Ponzi scheme is. Facebook Ads might be unsustainable, but it's not a bona-fide confidence trick of any sort, just like the VC dot.bomb burst at the turn of the century wasn't a confidence trick.