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‘Shop like a billionaire’ – but is Temu safe?

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If you’re active on social media or use Google Shopping, you’ve likely encountered ads for Temu.

Temu is a Chinese e-commerce marketplace that boasts incredibly low prices compared to Western equivalents.

Sports shoes for $6?

A computer keyboard for $10?

These eye-catching deals have attracted many Western shoppers seeking to save money in the face of rising inflation, making Temu the most downloaded shopping app worldwide.

However, concerns about the environmental impact, product safety, and the legitimacy of Temu have also arisen.

What Is Temu?

Temu, the Western-branded arm of Chinese online retail giant Pingduoduo, allows shoppers to buy directly from Chinese manufacturers known for their cost-effectiveness.

The platform also offers users opportunities to earn credits for future purchases, either through spin-the-wheel games or by referring others to join the site.

However, not all is rosy, as customer reviews paint a less-than-stellar picture.

Temu holds just a 2.5/5 rating on the US Better Business Bureau (BBB) website, and one-third of Trustpilot reviews give it only one star.

Customers have expressed concerns about spam in their inboxes, difficulties in obtaining refunds, and receiving items in poor condition or not at all.

There are also worries about the potential use of forced labor in Temu’s supply chains.

Data risks

A US government agency has raised concerns about data risks associated with Temu and another Chinese retailer, Shein, echoing previous worries about the data practices of Chinese-owned online services like TikTok.

It’s important to note that these issues do not necessarily brand Temu as a scam site.

Nevertheless, where there are users, fraudsters tend to follow, attempting to deceive unsuspecting consumers through the popular Chinese retailer.

Top 5 Temu Scams

Here are some of the most common scams observed on Temu:

1. Nude Celeb “Leaks”: Scammers lure users into entering their referral code for cash or rewards by posting enticing but fake offers of celebrity nudes accessible via the code. However, there are no actual images, and scammers simply accumulate more referrals.

2. Fortnite/Roblox Benefits: Similar to the previous tactic, scammers claim users can access free Roblox Robux gift cards or rare Fortnite skins by entering a referral code on Temu. These offers are bogus, exploiting users’ curiosity and the platform’s relatively low visibility.

3. Duplicate Products: While Temu itself may not list counterfeit products, there have been reports of duplicate items resembling patented products closely. Unwary shoppers may end up with items that don’t meet their expectations.

4. Celeb Merchandise: Scammers create fake social media posts from celebrities, implying they have partnerships with Temu to promote discounted merchandise. Users are urged to visit the site and enter a referral code, but there is no such deal.

5. 90% Off Scams: Unsolicited emails and website ads promise substantial discounts on a wide range of Temu-listed products. Clicking through leads to phishing sites, where scammers collect payment card information, leaving buyers empty-handed.

By staying vigilant and taking precautions, you can enjoy the special deals and low prices that Temu offers while protecting yourself from potential scams.

Remember, while Temu itself may not be a scam, fraudsters may attempt to exploit it to defraud shoppers.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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U.S. jobs report, Fed decisions, and Japan’s economic risks explained

January US jobs report sparks uncertainty; analysts debate impact on Federal Reserve policy and market confidence.

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January US jobs report sparks uncertainty; analysts debate impact on Federal Reserve policy and market confidence.


The January US jobs report shows a mixed picture for the economy, with payroll revisions and steady unemployment leaving analysts questioning the impact on Federal Reserve policy. We break down what the numbers mean for interest rates and market confidence.

US stock markets could face turbulence as investors digest the latest jobs data. David Scutt from StoneX explains how these figures may influence equities and what the outlook is for global markets.

Meanwhile, developments in Japan and a strengthening yen could spark new macroeconomic risks. From carry trades to unexpected shocks, we explore how these factors ripple across the global economy.

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#USJobsReport #FederalReserve #StockMarket #MacroRisks #JapanEconomy #GlobalMarkets #CurrencyTrading #EconomicUpdate


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Alphabet launches $20B bond to fund AI expansion

Alphabet’s $20B bond offering highlights investor confidence in AI growth, enabling funding without shareholder dilution.

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Alphabet’s $20B bond offering highlights investor confidence in AI growth, enabling funding without shareholder dilution.


Alphabet has launched a record $20 billion bond offering to finance its massive AI infrastructure build-out, signalling strong investor confidence in the company’s growth strategy. The oversubscribed sale shows that investors are betting on Alphabet’s AI potential and long-term returns.

By using debt instead of equity, Alphabet can raise funds without diluting shareholders. The money will support AI research, advanced computing, and other strategic projects, cementing the company’s leadership in the sector.

Brad Gastwirth from Circular Technologies explains how corporate debt is reshaping tech financing and how investors perceive AI-linked bonds. This record issuance could set a trend for other tech companies looking to fund innovation.

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AI tax tool sparks market turmoil for financial firms

Major financial firms’ stocks fell sharply after an AI tax tool launch, raising investor fears of disruption in advisory services.

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Major financial firms’ stocks fell sharply after an AI tax tool launch, raising investor fears of disruption in advisory services.

Shares of major financial services firms tumbled after the launch of a new AI-powered tax planning tool. LPL Financial dropped nearly 11%, while Charles Schwab and Raymond James Financial fell more than 9%, signalling investor concern over AI disrupting traditional advisory services.

Morgan Stanley also saw a 4% decline as fears grow that AI could replace some of the most profitable offerings of established firms. Earlier this year, the introduction of other AI models already caused turbulence in software stocks, suggesting this could be a broader trend affecting multiple sectors.

The iShares U.S. Broker-Dealers and Securities ETF was down 4% on Tuesday, reflecting the market-wide uncertainty surrounding AI adoption in finance. Investors are closely watching whether AI will complement or cannibalise the industry’s core services.

#AIImpact #WallStreet #FinancialMarkets #InvestingNews #MorganStanley #CharlesSchwab #RaymondJames #FinTech


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