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Sunday, December 14, 2008

Swoopo.com and Tribber.com -- scams?

Economists seem to think swoopo.com (previously known as telebid.com) and Tribber.com are scams.

Before you are tempted to use these sites, see the postings are Marginal Revolution.

Example: A $229 Apple iPod Touch "sold" on swoopo.com for $1,125.90. The winning bidder might not have paid much, but the losing bidders also pay, although they receive nothing.