Are MLM (Multi-level marketing) companies legit?

I had a friend have me listen to an hour long presentation. I don't feel quite comfortable with it even though my friend assures me that it's legit and he has been doing it for a while. it feels like one of those Ponzi/pyramid schemes, but what do I know?

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Mondayschild · F

I feel that new people can mismanage the money they make and invest so its a failure. If it's handled the right way then everyone gets a piece of the rock