Bestbuy Nvidia GPU Stock tomorrow 7/20 select stores. $499

Yup, not everyone pays attention in school.

Scalping a non-essential to life and safety item is not immoral. Waiting in line and selling at a higher price is no different than investing ones time in research of legally obtained information, buying a stock at a low price and selling later at a higher price. Whole stock and commodity markets operate this way.

Immoral…

You have no idea what you are talking about.

The entire premise of investment in stocks is to provide capital to enable companies to grow and innovate. And for commodities, it's to provide stable markets for producers to hedge themselves from unstable production. Neither of those rationales provides any justification or has any relation to cornering markets - which is illegal when done with stocks. Likewise, If a company cornered the market of a competitor, it would 100% be considered an anti trust violation.

I think you had some issues in school my friend.

You have no idea what you are talking about.

The entire premise of investment in stocks is to provide capital to enable companies to grow and innovate. And for commodities, it's to provide stable markets for producers to hedge themselves from unstable production. Neither of those rationales provides any justification or has any relation to cornering markets - which is illegal when done with stocks. Likewise, If a company cornered the market of a competitor, it would 100% be considered an anti trust violation.

I think you had some issues in school my friend.

First you argue that people who have time to sit in line for hours must be poor (which is the most a$$ backwards privileged thing I've heard in some time), then you argue that society would be well off by encouraging the most wasteful and environmentally damaging use of the item?

You are deluded.

So you're saying that the person who buys one card and resells it has cornered the market? How is this arbitrageur cornering the market?

If micro center sells cards at MSRP, how is that anti trust?

Please, file a complaint with the FTC.

I'll have to agree with bob151 on this one. This is not considered life threatening emergency supply, sure the mark ups are "outrageous" but it's also very difficult to purchase. This type of issue has existed in the shoe game for a very long time. Yeah it sucks that you or your friends can't buy walk into a store and buy one but there's millions (literally) of people like you who aren't able to purchase the same product either due to high demand. This creates a shortage when demand outweighs supply. "Scalping" is nothing other than mark ups for a item that is clearly in demand. It's a free market, if I bought my home in 2004 for $250k and in today's hyper inflated market it's worth 690k. You really think I'm going to sell the home for $250k? Would you? I didn't build any value into the home aside from regular maintenance, in fact there's more damage to it than when it was built brand new.

Point is, I own an eBay store and you may be in shock to find out I don't sell items for the same price that I purchased them for. I'm in the business of profiting not charity.

Appreciation of an asset has nothing to do with selling something higher than the manufacturer is selling it simply because you bought up the available inventory and now control the supply.

And supply and demand means nothing here. You can do this with any market. If I purchased every f150 coming off the production line I could scalp them, even though there is no mismatch in supply and demand.

The current limited supply and high demand simply makes it easier to do with limited finances and multiple actors. So you get opportunists looking to make a buck. It's nothing new, but let's not act like it's similar to stocks or a house or anything that benign.

Bottom line is whatever made your product's value go up regardless if it's through appreciation or purely just hot in demand - it's still considered "scalping", no? If I were to go buy a house just to flip it the next day - is that considered scalping or is that just called real estate investing?

The issue lies in both a shortage and high demand in the product. May I remind you that MSRP stands for Manufacturer's SUGGESTED Retail Pricing. That's their suggestion, it does not mean you should or need to sell at that price.

I'm actually in a market for a second home here in Arizona and let me tell you, people are paying $50-80k over asking waiving all appraisal and inspection on old homes. Why? Is it due to scalpers? No, it's because the shortage of lumber ultimately slowed down new homes being built which resulted in existing homes (yes, similar to the GPU market right? RTX 2000 series and 1000 series) sky rocketing. But there's also way higher demand, lots of CA folks moving over (demand).

Imagine being annoyed because you have to pay $200-400 extra for a GPU when there's people who are willing to pay cash up front $30-40k that cannot purchase a home to live in. That example I provided earlier are actual values of my home before and now. So should I go online and tell everyone to stop buying homes so I can buy one as well? Of course not, no one's going to care or listen. You either go and make more money and pay an absurd amount for a home right now or wait the market out. Complaining in the grand scheme of things does nothing. Let's not even get into car dealership where people dealerships are purposely selling cars over MSRP - it's nothing new. This is probably new to the PC community because it has a low barrier of entry - but outside of this community this has always been how the market works.

The difference between your home example is that in one example you have identified someone selling a house at what you think is less than the fair market price but you have not altered the market in any meaningful way; there are tons of other available homes on the market to compete with. In the case of scalping you are boosting the price by controlling the supply: there are no other houses because you bought them all up (and then raised the prices).

All of this reaching for tortuous examples is odd. This has been done for ages with concert and sporting tickets. People go and buy up all of the tickets for a concert or event, and then they charge more than the venue was charging. There is your example. It is illegal in many but not all states:

https://www.bclplaw.com/images/co...alping.pdf [bclplaw.com]

The fact that so many people are upset about this conduct but not about selling a house for more than you purchased it should tell you that there is a meaningful difference in conduct.

But that's the thing, you can't corner the market on GPUs either. GPUs are just in so much demand that there's tons of bots competing to get that card. FYI, having a bot does not guarantee you to get a card either. I've purchased well over 20+ cards since the 30 series have dropped by hand so when I see people complaining they cannot get one nearly after a year strikes me as they're lazy, not trying hard enough or simply just not trying at all.

GPUs are difficult to get, but not impossible. I still don't believe you can corner any market, if it is simply way too expensive - people will find other things to play or move on to other things.

man are you in for a rude awakening https://static.slickdealscdn.com/ima...questioned.gif

My friend works at bestbuy so he sold me 3 cards i also used his employee discount
I did not even line up as he put them away for me .

Microcenter stopped doing stand in line and switched to raffle lottery about a few weeks ago.