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

finance.yahoo.com

111–120 of 122 posts

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

#111
post #56

Wow. That's a lot buyers. You likely know some of them.

I don't know any. Maybe I just have a better social circle than most. Or maybe this is a fake number. There are not as many people preordering this clearly fake device, instead this is just another way to launder money.

Perhaps you have no relatives.

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

#112
post #2

It's amazing what Trump can continue to get away with and still have many followers.

If you ever talk to them, they rationalize all the scams and self dealing by claiming that "both sides are corrupt," and they like the guy because he's just better at the grift.

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

#113
post #57

Earlier quoted context omitted.

[flagged]

>Michael Jackson did this with concert tickets, sort of. You had to pay hundreds of dollars for the chance to buy a ticket to his mega tour, to be refunded if you didn't manage to get one. People send their money in and have to wait like three months to find out if they managed to get one. Meanwhile, he's making money by the dump truck on the interest from all this. This doesn't pass the sniff test. If we assume that…

Back then interest rates were double digit

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

#114
post #110
post #56

Earlier quoted context omitted.

I don't know any. Maybe I just have a better social circle than most. Or maybe this is a fake number. There are not as many people preordering this clearly fake device, instead this is just another way to launder money.

> I just have a better social circle This is very subjective. You can have your own opinions, but its really important to remember everybody has a right to their own too.

I didn’t see anything in his post saying people shouldn’t have the right to associate with trash.

We also all have the right to judge people for their associations. You’re right to an action or belief doesn’t make it inherently good, or even equal to other actions and beliefs.

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

#115

Earlier quoted context omitted.

I taught my kids the rule of law and what's right and wrong or desirable are totally separate concepts. The law itself only tells you what's proscribed and potential penalties, all of which have to be analyzed in the light of how or who will actually bother to enforce it and the incentives of the various parties enforcing it. Unfortunately the police come to public schools and try to do their brainwashing very early…

> I taught my kids the rule of law and what's right and wrong or desirable are totally separate concepts. You should be careful to distinguish "rule of law" from the law itself. Rule of law is merely the principle that laws should be applied equally to all. It shouldn't matter if you're rich or poor, man or woman, a member of the majority or minority race, famous or obscure, politically well-connected or not, etc. Th…

> it's our duty to oppose them through voting, contacting representatives, protests, and perhaps even civil disobedience

If none of those work, there can come a time when it will be appropriate to take similar actions to those taken to secure US independence from Britain.

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

#117

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 t…

Yes a lot of scams basically are elaborate ways to get interest-free loans. The only way to discourage these types of scams is to require the claw-back to include high interest. Which probably feels very punitive, so we don't do it. Generally we award the damages and then that's it. But like... damages 2 years ago don't equal damages now, that's not how money works. I guess our courts don't know that.

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

#118
post #110
post #56

Earlier quoted context omitted.

I don't know any. Maybe I just have a better social circle than most. Or maybe this is a fake number. There are not as many people preordering this clearly fake device, instead this is just another way to launder money.

> I just have a better social circle This is very subjective. You can have your own opinions, but its really important to remember everybody has a right to their own too.

Getting scammed is objectively bad. If you're surrounded with people who are routinely getting scammed by Donald Trump of all people, that's bad. That doesn't mean they're bad people but... something is going on there for sure.

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

#119

Wow. That's a lot buyers. You likely know some of them.

It's a fraction of how many people died of COVID, and you would be surprised how many people have observed no COVID deaths in their personal circle.

0.2% of the population is not a very large number.

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

#120
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?

Lol, this is my lesson in being much clearer when expressing any opinion that relates to religion or politics! The downvotes are fierce on this one.

I did not intend to say that tithing/church donations are equivalent to fraud. I didn't click through to read the story, and therefore hadn't assumed it indicates actual fraud taking place (delayed shipments in and of themselves are unprofessional, but needn't be fraudulent.)

I was implicitly wondering what might motivate people to trust that a brand that has been known to commit fraud, or at the very least to severely under-perform in terms of quality and on-time delivery, can be entrusted with $500 of their money, to produce something the brand isn't known for (consumer electronics.)

Having wondered this, I then proceeded to write my next thought down: Maybe there's more to human motivation than simply the possibility of a material exchange. For example, when one donates to a church, one can reasonably do so without expectation of receiving something tangible and material in return.

I by no means think tithing is fraud, per se. Can and do churches embezzle money? Yes. Does that mean they are inherently fraudulent institutions? Absolutely not. And I am as godless as they come, so I have no desire to defend the motives of any religious institution.

Oh well, I am now at the bottom of this comment pile, so this response, just like other religious acts, is one merely of personal penitence, lol.

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