Agloco, the pyramid scheme company that said it would pay you to surf the web, has run out of money and is about to close. The company sent a notice to its members earlier today notifying them that if someone wanted to swoop in in to save it, now is the time.
The controversial site awarded you shares for surfing the Web and signing up other people to do the same.
It is a pyramid because you also get more points the more your recruited friends use it, and their friends use it, and so on. The more you surf the Web, the more points you get, and the more stock you’ll get in Agloco.
See our earlier coverage of such web pyramid schemes here. Agloco sent out the following notice to its members earlier today:
Dear XXXX,
We would like to update you on the status of AGLOCO’s operations. We continue to believe in the AGLOCO concept, but our revenue is currently not sufficient to give Members a meaningful distribution. And though there are increases in membership, the resulting revenue is not enough to support operating costs. As a development team we are unable to continue to use our savings to fund the operations. If any Member would like to pursue continuing the operations of AGLOCO, you may contact us at agloco1@live.com .
We would like to thank every Member for supporting our effort to bring a piece of the Internet directly to the user. We hope that we can find a way to keep the operations going.
AGLOCO Development Team
One Comment
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Ramon said:
How can you invite your friends and then the next day the company tells you: “Want to buy the company?”
One Trackback
6:43 pm
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