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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Crazywaterspring · 61-69, M

The only ones who actually make money are the ones starting it. "Pay me and I'll make you rich" means grab your wallet and run away. More of these pop up when the economy is sour and people become anxious.