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You got it slightly wrong: He made investors believe that there will be bigger more stupid investors that will eventually buy out the shares for a higher price
by warp_factor 7y ago
You got it slightly wrong: He made investors believe that there will be bigger more stupid investors that will eventually buy out the shares for a higher price than those investors.
(Also, see Uber, Lyft and other ponzy scheme based companies)
- b_tterc_p 7y agoMaybe! That’s what happened. Is it his initial plan? Unclear. Results don’t proof intentions or even competence.