71–80 of 122 posts
The terms of what that $100 went to were updated last month... https://smartphones.gadgethacks.com/news/trump-mobile-t1-sma... The terms, updated April 6, state that the deposit is not a binding sales contract. It provides only a "conditional opportunity" to purchase the phone if Trump Mobile eventually chooses to sell it, with all discretion resting with the company. The company "does not guarantee that a Device wil…
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…
Welcome to the grift economy.
Assuming this was not a scam from the beginning. I just think they got more orders than they expected. This seems to be a reskinned HTC U24 Pro (I think earlier Images and specs were advertising another phone). Also seems to have changed from "produced in the USA" to "Designed with American values in mind" & "With American teams helping guide design and quality" according to their website. At best this is bait and sw…
Bait and switch is a scam.
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…
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https://en.wikipedia.org/wiki/Victory_Tour_(The_Jacksons)#Ti...
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…
> 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. There's never been a time where that would work. A dama…
Only civil, though, right? IIRC criminal law seeks restitution, which would be the original $1000. Civil law is where unjust enrichment would come into play, to my understanding.
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.
“ 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…
Earlier quoted context omitted.
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>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…
I had some of the details wrong btw, you had to mail in $120 for the chance at 4 tickets, and he only held it for 6-8 weeks. Part of what was so shitty though was that very many of his fans couldn't really afford what was about a months rent but scrapped it together anyways. Maybe it was a poor financial decision on their part, but he took advantage of those people for his own profit, when he didn't even really need the money.
Edit: link from sibling comment:
https://en.wikipedia.org/wiki/Victory_Tour_(The_Jacksons)#Ti...