> IANAL, but part of what makes a ponzi scheme illegal is that there's deception involved (ie. you're taking money for investors and saying that you'll use it to invest in the business, but really you're paying out yourself/other investors).
You're taking investor money, and inflate the bubble. And you prevent the bubble from popping by using the investor money to subsidize rides. Part of the deception is that the true price of a ride is higher in reality.
>You're taking investor money, and inflate the bubble.
What counts as "inflating the bubble"? Are you just referring to share prices going up? Taking investor money and spending it on advertising arguably counts as "inflating the bubble" as well. Should that be banned as well?
>And you prevent the bubble from popping by using the investor money to subsidize rides. Part of the deception is that the true price of a ride is higher in reality.
It seems plausible that consumers were deceived about "the truce price of a ride", but it seems hard to believe that uber investors didn't know.
You're taking investor money, and inflate the bubble. And you prevent the bubble from popping by using the investor money to subsidize rides. Part of the deception is that the true price of a ride is higher in reality.