My kids have been raving about the TEMU app. Basically it's a bunch of steeply discounted crap from China. I decided to give it a try and was pretty impressed by the amount of goods they offer. Seems to have everything you can think of. I decided to buy a bunch of fishing tackle that comes from there anyway. Saved about 70-80%! Much of it's the same but is just rebranded.
I don't have any analytical skills but this seems like it will eventually take a lot of Amazon's market share when it becomes mainstream. The app has a lot of goofy "spin the wheel" opportunities for further discounts but Asian culture loves that kind of stuff.
I cannot offer any in depth analysis on the stock, but when my kids get excited about something I tend to listen more closely after missing out on several investing opportunities.
Just wanted to bring this one to the board to see if I should run away!
I don't have any analytical skills but this seems like it will eventually take a lot of Amazon's market share when it becomes mainstream. The app has a lot of goofy "spin the wheel" opportunities for further discounts but Asian culture loves that kind of stuff.
I cannot offer any in depth analysis on the stock, but when my kids get excited about something I tend to listen more closely after missing out on several investing opportunities.
Just wanted to bring this one to the board to see if I should run away!
