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19 relations: Audiobook, Beatport, Billboard (magazine), Excel Communications, Federal Trade Commission, Fortune (magazine), Gartner, Herbalife Nutrition, Multi-level marketing, Muze, New York City, Online music store, Privately held company, Pyramid scheme, South Carolina, U.S. Securities and Exchange Commission, UBM plc, United States courts of appeals, Verenigde Nederlandse Uitgeverijen.
Audiobook
An audiobook (or talking book) is a recording of a text being read.
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Beatport
Beatport is an American electronic music-oriented online music store owned by LiveStyle.
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Billboard (magazine)
Billboard (styled as billboard) is an American entertainment media brand owned by the Billboard-Hollywood Reporter Media Group, a division of Eldridge Industries.
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Excel Communications
Excel Communications is a now defunct multi-level marketing (MLM) telecommunications company that was at one point America's fifth-largest long-distance carrier.
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Federal Trade Commission
The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act.
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Fortune (magazine)
Fortune is an American multinational business magazine headquartered in New York City, United States.
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Gartner
Gartner, Inc. is a global research and advisory firm providing insights, advice, and tools for leaders in IT, Finance, HR, Customer Service and Support, Legal and Compliance, Marketing, Sales, and Supply Chain functions across the world.
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Herbalife Nutrition
Herbalife Nutrition is a global multi-level marketing corporation that develops, markets, and sells nutrition supplements, weight management, sports nutrition, and personal-care products. The company was founded by Mark Hughes in 1980, and it employs an estimated 8,000 people worldwide. Herbalife reported net sales of US$4.488 billion in 2016, flat with 2015, and net income of $260.0 million, down 23% from the year prior. The business is incorporated in the Cayman Islands, with its corporate headquarters located Los Angeles, California. The company operates in 95 countries (as of July 2015) through a network of approximately 3.2 million independent distributors. The company agreed to "fundamentally restructure" its business and pay a $200 million fine as part of a 2016 settlement with the U.S. Federal Trade Commission (FTC) following accusations of it being a pyramid scheme. As part of the settlement, the FTC dropped its claim that Herbalife was a pyramid scheme without a specific finding of fact on the matter. The FTC said in a press release about the settlement "it’s virtually impossible to make money selling Herbalife products.".
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Multi-level marketing
Multi-level marketing (MLM) also called pyramid selling, network marketing, and referral marketing, is a marketing strategy for the sale of products or services where the revenue of the MLM company is derived from a non-salaried workforce selling the company's products/services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system.
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Muze
Founded in 1991, Muze, Inc. was a business-to-business provider of media information, metadata, and digital preview samples that enable search, discovery, and purchase of digital entertainment content.
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New York City
The City of New York, often called New York City (NYC) or simply New York, is the most populous city in the United States.
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Online music store
An online music store is an online business which sells audio files over the Internet, usually sound recordings of music songs or classical pieces, in which the user pays on a per-song or subscription basis.
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Privately held company
A privately held company, private company, or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock (shares) to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately.
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Pyramid scheme
A pyramid scheme (commonly known as pyramid scams) is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services.
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South Carolina
South Carolina is a U.S. state in the southeastern region of the United States.
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U.S. Securities and Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government.
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UBM plc
UBM plc is a global business-to-business (B2B) events organiser headquartered in London, United Kingdom.
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United States courts of appeals
The United States courts of appeals or circuit courts are the intermediate appellate courts of the United States federal court system.
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Verenigde Nederlandse Uitgeverijen
Verenigde Nederlandse Uitgeverijen (VNU, literally "United Dutch Publishers", founded 1964) was a Dutch publishing company with products including European consumer magazines, Dutch regional newspapers, business publications in the European and North American markets, and educational publications.
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