Sorry, I just DO NOT feel threatened by Temu’s $50 billion stock crash

Photo above – sample merchandise offered on Temu. Counterfeits, fakes, trademark violations, and outright scams.

Can I brag? I KNEW that the online Chinese discount site called Temu was a scam, the moment my email started filling up last year with offers priced impossibly low.

There is no way I could be enticed into sharing my name, address, telephone number, and credit card info with this company. Even if I COULD get a sea-kayak for $3.73, like they claimed.

Now Temu’s net worth has crashed by $50 billion. (see link at bottom). No more kayaks for you! . . . as Seinfeld’s soup Nazi would say.

Of course, the company’s press release cites things like “changing consumer demand” for the flight of customers worldwide. If you think Temu is in any way legit, just Google “Temu Scam”. To be fair, Temu itself is flooding the internet with news stories shouting “Temu is NOT a scam”. But legitimate news organizations like MSN, CNBC, Time Magazine and Snopes are hard to ignore.

Remember when the Chinese spy balloon showed up last year? The moment US news organizations began reporting on it, Chinese trolls began flooding the internet with millions of photos of party balloons, weather ballons, the Montgolfier brothers (French inventors of hot air balloons) . . . in order to make it harder to find actual photos of the spy balloon. That $h!t didn’t stop until the ballon was shot down by the US Air Force, its corpse recovered, and the spying gear on board was autopsied. THEN China accused the USA of theft. (President Biden responded by inviting Chinese premier Xi to a lavish state dinner in the USA, to create the illusion of business as usual.)

I don’t for a moment believe that implosion of shady websites like Temu threatens to tip us into a worldwide recession. Or signals the downfall of China for years to come. Those sort of assertions in the link below are ridiculous clickbait.

However, I certainly DO think that people spending money at legitimate sites (online and brick and mortar) rather than at Temu will actually HELP the economy. Hey, you so called economic experts . . . stop pretending the fall of Temu is a problem for us. It’s only a problem if you guys bought Temu stock, because you were greedy and ignored all the warning signs. And if you did buy their stock, you're too dumb to be allowed to post financial stuff . . .

I’m just sayin’ . . .

Temu's plunge signals economic troubles in China and beyond (msn.com)