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Facebook pyramid scheme is making people rich - for now

Facebook pyramid scheme is making people rich - for now
photo courtesy of SHUTTERSTOCK

Twitter Supremacy isn't a goal that all social medias strive toward, it's actually a complex program that helps you pretend to have friends. For $49.99, you can have six-month access to a powerful tool that lets you manage thousands of social media "bots."

Bots are social media profiles that masquerade as real humans. They'll usually have normal names and profiles, but they can be bent to anyone's will. Twitter Supremacy lets you control Facebook, Twitter, Instagram and more robotic social media accounts.

Nick Bilton, a technology columnist for the New York Times, signed up for the service and was quite surprised with what he claimed to be a pyramid scheme.

At first, I couldn't figure out what he meant. The site has a flat subscription fee to robot social media accounts.

Then I realized that the reason the site makes money is because people who subscribe to Twitter Supremacy then have to make a return on their investment by selling Twitter "followers" that they can command at the touch of a button.

When a business or individual first gets started on social media, it can feel a bit like shouting into the void. For around $5, subscribers to services like Twitter Supremacy will sell you a few thousand followers.

Watch out: Tech support scams like this one ripped off $2.5 million

Every step of this is against Twitter's terms of service, but it's almost impossible to enforce because of how widespread the problem has become.

He spoke with Tim Hwang, a chief scientist at the Pacific Social Architecting Corporation about what this pyramid scheme could mean for the real value of social media:

“This all points to social media advertising being one giant bubble," Hwang said, “Everyone is really happy to say, ‘Look at the numbers that we got, it must have been successful,’ even though the retweets and favs are inflated by bots.”

 
 
 
 
 
 
 
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