590,000 buyers paid $59 million for Trump's gold phone — not 1 has shipped and refunds look unlikely
Summary
A Moneywise/Yahoo Finance report details how 590,000 buyers deposited $59M for a Trump Mobile T1 gold phone that has not shipped. The piece covers delayed delivery, updated preorder terms that make deposits non-binding, and scrutiny from regulators and journalists. It highlights consumer risk in preorders and the challenges faced by a political-backed tech startup.