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I don’t think it does critics of that circle any favors to call it a “sex cult.“ Whether us boring, monogamous vanilla normies want to believe it or not, there are a lot of people who participate in polyamory, sex parties, etc. Calling it a cult as a result just costs people credibility. 

it’s a sex cult because of the way it acts like a sex cult. I know lots of people who have group sex and are in polycules who are perfectly normal and cool. That is not what is happening here for a bunch of reasons, chief among them “huge amounts of money and power are involved.”

you stop being able to play the “we are but a smol bean polycule like anybody else in a coastal city” card when billions of dollars and vast power are involved

Honestly "cult" is probably generously downplaying the horror of an industry that has normalized the idea of boundary eroding sex parties attended by all the people who have control over your professional & financial future. 🤷🏻‍♀️