People making money from Corona Outbreak

Shubhankar Paranjape

Regular Member
Joined
Jan 9, 2019
Messages
365
Reaction score
477
Such a pitiful time we live in.

I've noticed some people in my network who are capitalizing on masks and sanitisers and toilet papers and what not- they've made over $100k revenue in 7 days itself.

Selling it all at 10x-25x the price.

It makes me so pissed to see people are thinking about making more money when others are dying out there.

And then there's People brawling in malls over bulk buying apocalyse supplies.

But out of all this, away from all this, the world is a little more silent, relaxed, calm, since everyone is in their homes and not on the streets.

No riots, no terrorism, no protests, no fights, just vacant cities- like a ghost town.

I wish it stays like this, even after we get over this corona shit. People need to know that this kind of time teaches us that all of us are equal, there's no difference in rich and poor (soulfully) cuz in the end, you're taking nothing with you when you die, and even your graves or pyres will be of the same size.

How much money you made doesn't matter, what matters is how did you make it, and how many people did you influence or change lives of, to something better.

People can work from home if they are allowed to.

People can live a laptop lifestyle if they want to. Just the ones who aren't much familiar with this stuff should go out, cuz on other hand, we need them. We need them as farmers, delivery guys, etc etc.

In today's time, even supplies/goods are delivered to our doorstep with just help of internet, what more does one want?

In this time when everyone needs to come together (not physically) and be a little humane to each other (fuck socialism and communism), people are still thinking about themselves.

I personally feel a little disgust and hatred for those who earned out of others' struggles.

What's your opinion?
 
Selling on marginal profit is acceptable but exploiting a calamity for profit is inhumane, immoral and unethical.
Many staunch capitalist and pro-free market friends of mine are advocating for regulation on production,distribution and pricing of essential commodities nowadays.
 
They're just playing on people's fear. Nothing new in this.
Companies have been selling shit exploiting fear and insecurities in people for ages. Buy this insurance or you'll not have money for treatment. Buy this shampoo to stop your hairfall. Buy this protein to gain muscle fast.
This is just opportunists profiting from a situation.
The regular medicines you buy have a markup of upto even 1000%.
I personally wouldn't have done this but I find nothing wrong with people doing it.
 
It will be harder for them to profit from it now as facebook has banned most ads targeting coronavirus
 
Selling on marginal profit is acceptable but exploiting a calamity for profit is inhumane, immoral and unethical.
Many staunch capitalist and pro-free market friends of mine are advocating for regulation on production,distribution and pricing of essential commodities nowadays.

Virtually all PHARMA products are sold with huge profit margin. Not to say that 90% of them won't do anything to help address the cause of your health issue. In a long run they are actually slowly killing you, with all their side effects and sh1t.

Don't be naive about coronavirus or humanity. Products will always be sold with the highest possible profit margin that public will pay for them. Now with corona it's sometimes more than 500%. But believe me that it is the same (or would be the same) with every other product if people would be willing to pay so much for it.
 
Virtually all PHARMA products are sold with huge profit margin. Not to say that 90% of them won't do anything to help address the cause of your health issue. In a long run they are actually slowly killing you, with all their side effects and sh1t.

Don't be naive about coronavirus or humanity. Products will always be sold with the highest possible profit margin that public will pay for them. Now with corona it's sometimes more than 500%. But believe me that it is the same (or would be the same) with every other product if people would be willing to pay so much for it.

That's only with a busted health system like the US. Most other countries people can afford their medicine. And countries like taiwan have face masks under government control now, so no one pays more than 15 cents per mask. There are things that can be done to stop price gouging.
 
Sellling toilet paper and hand sanitizer to idiots who will pay anything for it is fine.

These people are panic buying so that’s on them, good for people to make money off of idiots.

Of people want to act like this that’s on them they don’t need me I p ur chase they are making a voluntary decision when there is no need to.
 
They're just playing on people's fear. Nothing new in this.
Companies have been selling shit exploiting fear and insecurities in people for ages. Buy this insurance or you'll not have money for treatment. Buy this shampoo to stop your hairfall. Buy this protein to gain muscle fast.
This is just opportunists profiting from a situation.
The regular medicines you buy have a markup of upto even 1000%.
I personally wouldn't have done this but I find nothing wrong with people doing it.


Had to reply to this, you are indeed correct about the 1,000%. But once in a while a few medicines can have a markup as high as 10,000%+, if the pharmacy follows the recommended pricing. The majority of meds will be in the 300 - 700% range.

This is for the US market, not sure about other countries. You will also find some meds that are on the other end of the spectrum and they will have a tight markup of only 15 - 20% or so, but that is usually the exception.
 
These comparisons are just stupid. You need to be a complete retard to compare a business that has invested millions of dollars in cancer research or developing medicine to some scumbag trying to sell hand sanitizer for 10 times its price
 
Such a pitiful time we live in.

I've noticed some people in my network who are capitalizing on masks and sanitisers and toilet papers and what not- they've made over $100k revenue in 7 days itself.

Selling it all at 10x-25x the price.

These people are idiots.

They should be selling ventilators.
 
Selling on marginal profit is acceptable but exploiting a calamity for profit is inhumane, immoral and unethical
It's a good job the extent of media coverage concerning this 'emergency' has essentially turned it all into fraud then.
By the way did you know if someone had an illness, if multiple companies offered medication to treat it and competitors happened to dropout meaning one company has a monopoly over the market, they can and sometimes do jack up the price and gladly let people die if they can't afford the medication.
 
People need to know that this kind of time teaches us that all of us are equal, there's no difference in rich and poor (soulfully) cuz in the end, you're taking nothing with you when you die, and even your graves or pyres will be of the same size.
First of all good to know that u are not a sheep and tbh with you people will never learn
 
People invest in BTC knowing it may dip or rise. Likewise, every business has some season to flourish.
 
LOOOL
Some guy was buying all the alcohol to resell on Amazon at 4x price.

Amazon banned him. LOLOLOLOLOLOLOLOLOLOLLOLOL

https://www.nytimes.com/2020/03/14/technology/coronavirus-purell-wipes-amazon-sellers.html

https://twitter.com/Kendra_U/status/1239169480678207489

These MF's are so f'kd in life....I wouldn't wanna be them. I'd hate to be on the other end of all that bad karma.
LOOOOOOOOL. I even read that facebook has restricted selling masks on their platforms. Good thing that precautions are being taken against these unethical opportunists.
 
Although yeah, if someone wants to make some serious money, now is the best time to invest in stocks, crypto, mutual funds, etc. Rates are too low.
 
Back
Top