The Business lesson from Kim K’s SEC fine.
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And the reason why is because you do not want to be held liable when you become rich as a social media influencer. You don't want to be held liable for something that you marketed. You advertised just like Kim Kardashian charging $250,000 for that post that had nothing to do with you. You just put up an advertisement, you put your face to the product, and then you wind up later with a lawsuit
Rocío (Ro) Christensen
@rocio · 1:05
This is a great lesson. And this is and especially now in the age of social media and social media marketing and collaborations with brands and whatever. So you, you make many good points and about who you're going to affiliate with, because at the end also, if you get to that scale of business and habits at smaller scales, too, I'm sure, of course, but I mean, people are getting greedy up there. Yeah, but I didn't know about the FDA disclaimer stuff
Marley Musarra
@MarleyMusarra · 2:16
So nonetheless, yes, this is actually super helpful to just keep in mind, because pyramid schemes are freaking everywhere right now, and sometimes they're so undercover that you don't even see them and think they're a pyramid scheme. I know that there was a time that, like, a bunch of my friends I'm a yoga teacher, so everyone's kind of involved in health nutrition as well
Swell Team
@Swell · 0:15
Jack .
@zejacques · 3:11
And of course they knew that they weren't supposed to do this, but they knew if they made it out like a disclaimer that this is a crypto product, that they're not going to get as many hits. So this is just another example of the Kardashian business model and unsustainable business practices. And I was talking in a swell recently around billionaires, and if someone's a billionaire, you have to question their motives or agendas every single time
Marley Musarra
@MarleyMusarra · 0:44
Hey, there. Appreciate this response and a different perspective. Honestly, nothing you bring up is a surprise. It is news to me. Because, again, I said I don't pay attention to Kim Kardashian. I know of keeping up with Kardashians, and I'm not. Mom used to like that show, but other than that, it's like she's not a thought yet. Of course, everything you're saying makes sense and kind of comes as no surprise
Jack .
@zejacques · 0:37
You are so welcome, Money. And thank you so much for the follow. Yeah, I mean, imagine that. Imagine a thousand, a million dollar fine just being something that you can just deal with, you know, it might be, like, annoying and definitely impact your finances, maybe for a few months, but it's just a dent in the wall. And then I wonder what it would be like to have that much money
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