digg

Facebook Connect Join Digg About
See the original image at thebigmoney.com

The Crack Cocaine of Auction Sites

thebigmoney.com — An auction site called Swoopo makes people pay every time they submit a bid.

Who dugg this?

Digg DudeWhat is Digg?

Digg is a place for people to discover and share content from anywhere on the web. Digg surfaces the best stuff as submitted and voted on by the community. Take the Tour to learn more.

4 Comments

show profanity settings
expand all
  • AmericanElitist, on 07/12/2009, -0/+1http://scienceblogs.com/cortex/2009/07/swoopo.php
  • mrshermanoaks, on 07/13/2009, -0/+1It's a GENIUS scheme - make more money on the auction than on the actual items. All driven by a simple error in logic that we are all prone to make! My favorite part was where they auctioned off "bid packs". Genius, seriously. You know you're not actually going to get that item at the first few dollars - you know you're not. But as you watch that timer run down to 1 second, you can't help but think "I can't let someone else get it for that price...".
  • alfredjr, on 07/13/2009, -0/+0Woo hoo. Internet crack. Wanna get me some.
  • Whackbowl, on 07/13/2009, -0/+0Great article. Really interesting.

  • Add a Comment

    Login or register to comment!
    Or, sign-in super fast with your Facebook account ...


© Digg Inc. 2009 — Content created and posted by Digg users is dedicated to the public domain | Terms of Use Updated | Privacy Policy
DIGG, DIGG IT, DUGG, DIGG THIS, Digg graphics, logos, designs, page headers, button icons, scripts, and other service names are the trademarks of Digg Inc.