• OhVenus_Baby@lemmy.ml
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      18 days ago

      The goal is to not let them take their fucking money and run. Because then it would be real… So you come up with a new idea, a better idea, a NEW STOCK.

      IYKYK 😂

  • toiletobserver@lemmy.world
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    18 days ago

    Profiteering is the wrong word.

    Instead, crony capitalism, abuse of power, or something else is more appropriate

      • toiletobserver@lemmy.world
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        18 days ago

        Using their position of political power to advertise a business which directly benefits them. It is plainly not part of the duties of the office. Same reason good presidents put their financial affairs in a blind trust for the duration of of their term.

      • rmuk@feddit.uk
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        18 days ago

        For giggles, I’d like you to explain how the President of the United States launching his old overpriced phone on his own overpriced network with every possible element named, adorned and even priced after himself could be considered anything other than abusing their power?

        • untakenusername@sh.itjust.works
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          17 days ago

          he’s just selling something that his followers will buy. no one else really cares to.

          your logic could be even more effectively applied to him selling merchandise about him and that isn’t an overreach of power in any way

          • prole@lemmy.blahaj.zone
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            17 days ago

            Jimmy Carter gave up his tiny peanut farm.

            Yet people nowadays are just incapable of understanding the concept of conflict of interest?

  • Vanilla_PuddinFudge@infosec.pub
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    18 days ago

    Let’s break down who’s actually going to buy this piece of shit.

    Anyone with any experience with buying a modern Android phone?.. Nope. Metro, Tello, US Cellular, etc are all cheaper than Trump Mobile by almost half the price and the phone itself is a REVVL variant selling for $500, and Apple fans aren’t watching anyway.

    So that just leaves extremely uninformed people who don’t know any better. You’ll be able to identify how little they know by the fact that they’ll pay double the going-rate of an MVNO for an overpriced, gold slab of feces.

    A lot of Apple fans are tied into their ecosystem, either by profession or just history with the brand. Any Android phone means upending their lives if they depend on their phones for business or pleasure, and a lot of them are Apple fans because Tim Cook keeps Trump 39.5ft away, so they’re off the books.

    TL/DR: Get ready to see a bunch of boomers walk out of church with gold phones.

  • untakenusername@sh.itjust.works
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    18 days ago

    this is just them making money off people who will willingly give them money

    its not some blatant overreach of power, at worst their using their fame as advertising for it

    • Bytemeister@lemmy.world
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      17 days ago

      Let’s put it this way.

      Pretend I’m some semi-adversarial nation, like Saudi Arabia. I want trump to let off some sanctions, or tariffs, or in general give me preferential treatment compared to other nations. I want to give trump a big sum of money to do this, just writing him a check would be obvious corruption. So instead, I just book whole floors of his hotels during off-peak hours, and at a premium pricing. I don’t even bother having anyone stay in the rooms, so trump can even book those rooms again for additional money. I just “legitimately” sent trump a bunch of money, and now he is paying it forward by stopping investigations into my goons sawing journalists into tiny pieces.

      If this sounds to far-fetched for you, keep in mind that it literally happened.

      https://apnews.com/article/travel-business-saudi-arabia-malaysia-15835346f75bc5f152a58842eb7c8609

      This phone company trump has made really only exists as a bit of paper and some software. It has no infrastructure, no brick and mortar store fronts, nor any assets. It’s mostly an agreement with a large carriers to lease time on their networks, charged per usage amount. For this scenario, let’s pretend I’m Vladimir Putin trying to pay trump for leaving Ukraine high and dry. I simply put in orders for Trump’s phone service, and then never even use the phones. Hell, a physical phone is probably never sent. On paper, it looks like 100,000 people signed up for the service, but they never use any of the lines, so trump collects nearly 100% of the money, with just a little bit lost to keep a small server up to handle transactions and accounts.

      If none of this makes sense to you as an obvious vector for trump to receive money from foreign agents, then I’d guess that you’re the kind of person who thinks that the mob ran legitimate protection services.