Here's a sad truth - nearly all Internet properties are Ponzi schemes, with the investors left holding the bag.

Each one offers uneconomic payments to people early on, to get adoption. But soon they realize they can't make money on it.

The shining example of this is Uber, who is still losing $0.30 on every dollar in revenue they take in, over a decade later. One day they will have to really make money, and then...