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590k buyers paid $59M for Trump's gold phone, but not one has shipped

finance.yahoo.com

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Re: 590k buyers paid $59M for Trump's gold phone, but not one has shipped

#21

Post by SimianSci »

It used to be that the thought process of receiving a portion of sale money before delivering any product allowed the company to pay suppliers and keep afloat as they drove towards the finish line of delivery.

Now it seems the grifting-meta is to make promises around a product with no plans on delivering it, take in pre-order money, and then just park it in an investment account to grow during a bull market. By the time the grift comes due, your "investment" will have grown to a magnitude where even if you are forced to pay it back, you will have made a tidy profit.

Re: 590k buyers paid $59M for Trump's gold phone, but not one has shipped

#22

Post by catigula »

sameers wrote: post #4

It feels analogous to giving alms to a religious institution at the end of a prayer service - you don't get anything material for it in return, but maybe for the faithful, that's not the point?

Tithing often involves the implicit or explicit promise of rewards from God, both spiritual and material.

Re: 590k buyers paid $59M for Trump's gold phone, but not one has shipped

#23

Post by BowBun »

gonesilent wrote: post #19
MYEUHD wrote: post #7

Earlier quoted context omitted.

Tesla roadster 2, since 2017

FSD,2019 still waiting with HW3.

Broadband/fiber internet accessible to all residents of the USA, anyone? Always love reading about how the telcos took that tax money, hemmed and hawed, and ended up never fully delivering what they agreed to.

Re: 590k buyers paid $59M for Trump's gold phone, but not one has shipped

#24

Post by epistasis »

sameers wrote: post #4

It feels analogous to giving alms to a religious institution at the end of a prayer service - you don't get anything material for it in return, but maybe for the faithful, that's not the point?

This is exactly it, I see it in my family members. They are willing to sacrifice so much money and, well, everything to the "cause." It's a cult, and it's deranged.

These sorts of scams go on continually in email lists, and vulnerable people just hand over their hard-earned money fist over fist.

Pointing out what's going on makes the family member hate whoever points out the con, rather than the con man. If anything, it strengthens the love of the conman and accelerates the grift.

Re: 590k buyers paid $59M for Trump's gold phone, but not one has shipped

#26

Post by paulpauper »

toasty228 wrote: post #12
paulpauper wrote: post #3

This is always common. Do a huge preorder and then delay. Given how high interest rates are, this is profitable.

Not so common, any other president pulling that shit pretty much anywhere in the world would instantly lose all credibility and most likely would have to resign. But then again this dude shits himself on live TV and shilled cans of beans from the oval office

Bitcoin miners did preorders and then wait a year before filling them, with the riggs being delivered with signs of usage and already obsolete.

Re: 590k buyers paid $59M for Trump's gold phone, but not one has shipped

#27

Post by iamkrazy »

toasty228 wrote: post #12
paulpauper wrote: post #3

This is always common. Do a huge preorder and then delay. Given how high interest rates are, this is profitable.

Not so common, any other president pulling that shit pretty much anywhere in the world would instantly lose all credibility and most likely would have to resign. But then again this dude shits himself on live TV and shilled cans of beans from the oval office

[flagged]

Re: 590k buyers paid $59M for Trump's gold phone, but not one has shipped

#28

Post by antonvs »

epistasis wrote: post #24
sameers wrote: post #4

It feels analogous to giving alms to a religious institution at the end of a prayer service - you don't get anything material for it in return, but maybe for the faithful, that's not the point?

This is exactly it, I see it in my family members. They are willing to sacrifice so much money and, well, everything to the "cause." It's a cult, and it's deranged. These sorts of scams go on continually in email lists, and vulnerable people just hand over their hard-earned money fist over fist. Pointing out what's going on makes the family member hate whoever points out the con, rather than the con man. If anything,…

What's the cause exactly? Make America a white evangelical "paradise"?

Re: 590k buyers paid $59M for Trump's gold phone, but not one has shipped

#30

Post by adrr »

Cheyana wrote: post #9

“ The device would work with Trump Mobile's service plan. For $47.45 per month, Trump Mobile's "47 Plan" (2), which operates on the T-Mobile network, claims to be "better than the rest," offering 100% U.S.-based support; extensive 5G coverage; unlimited talk, text and data; telehealth services; roadside assistance, and international calling to over 230 countries and territories.” If you fell for that you deserve to l…

Thats more expensive that my top tier tmobile plan which is $120 for 3 lines.
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