Swoopo Sucks

I keep seeing Swoopo ads on my site, which sucks because I hate their guts. 

Basically, they do lightning auctions, charge you per bid, and sometimes have stuff like Wii's selling for way less than they really cost. Actually, just checked the ad, someone got a Wii for $15 bucks. Lucky.

Anyways, it's a scam, based on one of the oldest tricks in the book. The experiment usually happens in class. The teacher walks in, and offers to auction off a $20, with a minimum bid of $1. The only catch is, both the high bidder and the 2nd place bidder have to pay up, with the winner getting the $20. Basically, the bidders think this is a good deal, and they'll most likely end up getting $20 for $8-9 bucks. Most of these auctions, however, end at about $40, when both players involved are losing quite a bit of money and they realize they've been had.

Swoopo is the same way - Everyone bids and pays. They get to auction off items for very low (and very marketable) prices, and some lucky person walks away with a $15 Wii. Everyone else walks away poorer and bitter. AVOID!!

(Keep in mind, anyone who reads this will go to Swoopo.com now and try and game the system. It's just the way people are. Sorry.)