Rosetta Stone – The Biggest Ponzi Scheme Around

A scathing attack on Rosetta Stone by Seeking Alpha, a stock market news & financial analysis magazine. Their conclusion is thus:

1. Bogus, irrational value proposition and extortionate prices, driven by huge marketing budgets

2. Stuck buyers who have no exit options, thus the non-existence of a secondary market

3. Aggressive litigation to preserve the illusion of a large primary market

4. Funds are diverted to a few insiders, therefore the company is always unprofitable and most investors do not get compensated

5. Investors will bear the costs of bankruptcy when the bubble bursts

read the full article here

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