E-commerce at a new low......

[ischmitz]

Final auction outcome for a Sony PS III 80GB on swoopo




can someone explain this to me - I am not getting it. There is this new life-auction site that apparently found a way to simply mint money. Each bid costs 0.75$ to place and increments the auction price by 0.15$. So they make 5x of the final acion price of profit. How can that be

and then there are penny-auctions where the profit is 75 times of the final price

And to top it all off there are fixed price auctions which is essentially pure profit (a lottery if you ask me)

I am still looking for the link where you can just deposit money straight into their account for nothing. Well, I guess I am just upset I didn't come up with this scheme I bet they are laughing their way to the bank.

(sorry for the off-topic post but I figure here are some smart people that maybe can really explain this)

Maybe I'll try to sell some Porsche cars there - now that would make my day.