alt Hacker News"Ponzi" requires records fraud and is popularly misused, sort of like if people started describing every software bug as "a stack overflow."
I'd rather characterize it as extremes of Greater Fool Theory.
"Ponzi" requires records fraud and is popularly misused, sort of like if people started describing every software bug as "a stack overflow."
I'd rather characterize it as extremes of Greater Fool Theory.
I would argue it’s fraud-adjacent. These tech CEOs know that they’re not going to be able to keep the promises that they’re making. It’s dishonest at the very least, if it doesn’t legally constitute “fraud”.