It's not really fraudulent. Most of the companies com plans are right there.
I don's see it as any more fraudulent then tech companies offering products for free or significantly discounted using investor cash to buy massive market share then once they have a monopoly jacking up prices or loading up search results with ads to the point you need to scroll down to even see search results.
Imagine if when google was first released it was nothing but ads and/or websites with more ads from its ad network
It is fraudulent. Fraud, racketeering, price-fixing, false income claims and operation as an illegal pyramid scheme. Sued many times in many countries. Banned from the UK and most of the EU. Several founders were indicted in Canada on criminal charges.
But somehow it's just not enough for the FTC to really do anything other than settle and let them continue operate.
I don's see it as any more fraudulent then tech companies offering products for free or significantly discounted using investor cash to buy massive market share then once they have a monopoly jacking up prices or loading up search results with ads to the point you need to scroll down to even see search results.
Imagine if when google was first released it was nothing but ads and/or websites with more ads from its ad network