Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


ascroft

396 posts

Ultimate Geek


#95483 5-Jan-2012 20:07
Send private message

I am sure Geekzone members are too smart to be drawn in to these scams,(investments)  but interesting article on SMH: http://www.smh.com.au/digital-life/digital-life-news/beware-24-ipad-penny-auction-deals-could-leave-you-penniless-20120105-1plxc.html

Personally I would ban them.

I am surprised the Commerce Commission permits them to advterise "overstock ipads' etc. - that is patently not true. Even seen this on Geekzone I seem to recall.

I guess its like like lots of forms of gambling - how do you stop a small proportion of people hurting themselves without being a nanny state?

My 2c......




common sense is not very common


Create new topic
freitasm
BDFL - Memuneh
79250 posts

Uber Geek

Administrator
ID Verified
Trusted
Geekzone
Lifetime subscriber

  #564984 5-Jan-2012 20:44
Send private message

Whenever I see a penny auction ad on Geekzone I block them, because in my opinion they are a scam.

The "overstock iPad" ad you saw was blocked, but it was not a penny auction ad. It was for a company that offers daily deals, with one iPad (or similar item) showing up randomly once a day, with only one available for that day. While this is not penny auction, I thought it was bad advertising because they did not disclose in the ad the limits.





Please support Geekzone by subscribing, or using one of our referral links: Samsung | AliExpress | Wise | Sharesies | Hatch | GoodSyncBackblaze backup




codyc1515
1598 posts

Uber Geek
Inactive user


  #565007 5-Jan-2012 21:19
Send private message

These sites take advantage of people and if you don't read the fine print (most don't) then you will lose out. I think the general perception people have is it is like Trade Me or eBay: its not. Can't believe the guy in the article managed to blow $50,000 on it though...

Create new topic





News and reviews »

Air New Zealand Starts AI adoption with OpenAI
Posted 24-Jul-2025 16:00


eero Pro 7 Review
Posted 23-Jul-2025 12:07


BeeStation Plus Review
Posted 21-Jul-2025 14:21


eero Unveils New Wi-Fi 7 Products in New Zealand
Posted 21-Jul-2025 00:01


WiZ Introduces HDMI Sync Box and other Light Devices
Posted 20-Jul-2025 17:32


RedShield Enhances DDoS and Bot Attack Protection
Posted 20-Jul-2025 17:26


Seagate Ships 30TB Drives
Posted 17-Jul-2025 11:24


Oclean AirPump A10 Water Flosser Review
Posted 13-Jul-2025 11:05


Samsung Galaxy Z Fold7: Raising the Bar for Smartphones
Posted 10-Jul-2025 02:01


Samsung Galaxy Z Flip7 Brings New Edge-To-Edge FlexWindow
Posted 10-Jul-2025 02:01


Epson Launches New AM-C550Z WorkForce Enterprise printer
Posted 9-Jul-2025 18:22


Samsung Releases Smart Monitor M9
Posted 9-Jul-2025 17:46


Nearly Half of Older Kiwis Still Write their Passwords on Paper
Posted 9-Jul-2025 08:42


D-Link 4G+ Cat6 Wi-Fi 6 DWR-933M Mobile Hotspot Review
Posted 1-Jul-2025 11:34


Oppo A5 Series Launches With New Levels of Durability
Posted 30-Jun-2025 10:15









Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.