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12 Companies That Secretly Rip You Off

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The average person is determined to maximize their salary by finding deals and

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discounts but corporations are well aware of this tactic

and create products to intentionally confused and over charge their customers,

from under field chip bags to Overhyped precious stones. 

The world is full of scams, today we’re looking at 15 industries that actually rip you off your money on our list of

12 Companies That Secretly Rip You Off 

12. Diamonds

Diamonds are the stones most closely associated with wealth and prosperity.

Most people have the perception that diamonds have been an integral part of human culture for millennia but it turns out they are just a result of a century old marketing scam.

The  Debeer’s corporation was founded in 1888 with mining operations in South Africa,

Namibia and Botswana.

Before this moment, the concept of exchanging engagement rings wasn’t even a common custom in

most of the world but after a 1938 ad campaign spearheaded by Debeer’s Americans

And Europeans began to embrace the tradition but not only is this ritual contrive,  

de beers and other diamond distributors intentionally restrict the release of their stock to create the illusion of scarcity.

The fact is diamonds are extremely common minerals,

with a full supply release to the public,

the price would plummet but Debeer’s and their elk stock pile these precious stones in order to rip off the public. 

READ ALSO: 10 Animals That Can Live After Death

11. Bottled Water

There’s nothing quite like the feeling of pure ice cold hydration.

Some of us get our water for free from the tap but the rest pay for it at the cost of roughly $100 billion

a year and the number of people getting their water exclusively in bottles Is growing at a rate of 10% a year.

The first issue is that bottled water is 300 times more

expensive than tap water and then there’s the fact that most of the biggest brands including Aquafina

and Nestlé pure life are actually filled from the tap as well, in fact a recent report found out almost half of all bottled water is actually derived

from the tap meaning that they are up charging customers 30,000% for the same product.

Add to this, the horrific environmental impact of millions of tons of plastic

dumped into landfills and bottled water is easily one of the biggest corporate ripoffs in history. 

READ ALSO: Top 15 Richest Rappers Of 2019

10. Lotteries

It comes as no surprise that the average person has Minuscule chance of winning the lottery,

the chances of winning a top prize in the average lottery are almost 68,000,000 to 1 but in some cases there is literally no chance that people can win,

that’s because most lotteries continue to sell tickets to unknown customers Even after the price is already been distributed and then

there’s the quick pick tickets sold through Powerball lottery,

these tickets are intentionally printed without the winning numbers so you only stand a chance of winning if you choose your own numbers.

Expects advice that the average person would have better luck placing their money on any random stock or bond,

the chances of this investment appreciating our millions of times more likely than on a lotto ticket. 

READ ALSO: Top 10 Strangest Cars Ever Made

9. Career Sites

It’s no secret that sites like monster and CareerBuilder are not effective for finding a high-quality long-term job. 

Most of the best jobs never even make their way to job boards but it turns out this game goes even further,

most of these companies will sell your information In order to turn a profit, even if you never find a job in the process,

this can lead to more serious scams for example many users will receive emails with reference personal information obtained from

these job sites they will then offer the user Job only to scam them into transferring money to pay for a background check or training done.

Though they can seem tantalizing to the unemployed, most job sites are actually a recipe for disaster. 

8. ATM Surcharges 

Consumers hate all kinds of things but the idea of being charged to access your

own money in the form of ATM fees can elevate the frustration to a new level. 

But consumers learned in 2016 that the ATM fees charged by many big banks are not merely annoying but that they violate antitrust laws,

it’s hard to tell just how much ATM operators may have overcharged every day consumers for accessing their money over the years.

The average ATM fee hits a new record high each time it’s measured.

READ ALSO: Top 10 Youngest Self Made Billionaire Of All Time

The latest bank rate survey found out that the average customer using an out of network ATM will pay a total of $4.57 in

fees with an average of $2.90 going to the ATM owner and another $67 Going to the customers own bank. In many cases,

the consumer is only taking out $50 or less meaning they are paying a roughly

10% fee just for the service of accessing their own money. 

7. College Textbooks 

Most people already know that the American higher education system is needlessly expensive, US universities cost more than 500% more than the average college elsewhere on earth,

even including prestigious names like Cambridge and The Sorbonne, today over 44 million Americans hold a total of

$1.4 trillion in student debt but this debt doesn’t just come from the greatest tuition and fees,

a huge percentage results from grossly overpriced textbooks.

Often times textbooks cost hundreds of dollars and colleges explicitly prohibit the purchase of used textbooks, if they do allow used textbooks,

classes often require the purchase of a one time use code

which leads to supplementary materials most of which are never actually used.

And an even more devious cases, professors will assign their own textbooks or the textbooks of their friends in order to reap the benefits from this corrupt industry.

A handful of students have sued University in the last few years,

demanding the option to study for an affordable price but these cases are still working their way through the court system. 

In the meantime, many students are turning to

downloading free PDF textbooks online in an effort to get through college without Massive debt. 

READ ALSO: Top 10 Tallest Buildings In The World

6. Electronics Companies 

Apple is the second most valuable company in the world and those several other competitors of a similar products, none come close to the market capitalization.

That’s because Apple has a series of stringent policies meant

to rip every last cent from their customers. 

The first is the massive over pricing of their products, when accounting for costs Apple charges as much as 800% more for their

products than for the costs of parts, labor, transportation and marketing. And then there’s the issue of accessories,

Apple makes their products incompatible with other charges

and add-ons meaning you need to buy their overpriced gadgets. 

Lastly is a phenomenon called The obsolescence,

Apple has admitted to hardwiring that products to lose battery life and malfunction after only a few years, this creates the illusion that

your device is failing forcing users to buy a new product. Thus, boosting the astronomical Profits. 

5. Starbucks

It’s easy to sympathize with the Starbucks customer who is suing

the coffee giant for providing two little Java in its grande, Venti, Trenta and tall iced coffee’s.

After doing the math on iced coffee,

studies revealing that a 12 ounce cup of the conversion should be a dollar less than the hot version,

that’s because the ice in Frappuccinos which is virtually free

displaces much of the coffee and other ingredients which are actually expensive,

Of course the courts ruled that this was not illegal but that doesn’t

mean it isn’t unfair, many customers are willing to pay more

for their coffee in order to guarantee that farmers are making a

living wage and beans are collected in a sustainable way.

READ ALSO: 10 Things You Didn’t Know About BMW

But That is simply not the case for Starbucks and other corporate coffee behemoths. 

4. Fad Diets

The next time you watch an infomercial read an advertisement or spot a new supplement reporting miraculous weight-loss results,

Be wary that the company behind it may not have your best interest in mind,

when evaluating claims for weight loss products,

the federal commission recommends a healthy portion of

skepticism and most don’t come close to fulfilling their claims and in

the rare case Where a product might result in some

temporary weight loss it’s almost never a permanent solution and is usually on safe. 

There is no known diet regimen that makes people skinny without exercise or dietary changes

so any company Cording to have these qualities is lying and it gets worse,

more than 50% of diet study are actually harmful to participants. 

READ ALSO: Top 10 Strangest Facts About The Titanic

3. Glasses and Contacts

The glasses and contact industry in the United States is considered a scam by many consumers. 

Here’s how it works, in the US, contact lenses are regulated

no matter how old you are or how long it’s been since your vision has changed,

you need a doctor’s prescription less than one year old to be able to order Contact but in reality,

consumers need to check the prescription much less

frequently and this only leads to a multi hundred dollar fee for the optometrist and

the glasses manufacturer and the frames are massively overpriced as well. 

According to History insider, you can get amazingly good frames

with Warby Parker level of quality for 4 to 8 dollars.

For $15 you can get designer quality frames like what you get from Prada. 

2. Toilet Papers

The truth is that for years toilet paper manufacturer Have been selling less

product and masking the shrinkage with hyper bowl and hard to quantify claims. 

According to John T Kerrville a marketing professor at Harvard business school,

“they get away with it because consumers have a better grasp

of how much an item cost than they do of the size it should be,

they have in their minds that this toilet paper cost 79 cents and that one cost 89 cents.

They are not taking into account that one has fewer sheets”. 

READ ALSO: Top 10 Facts About Antarctica

In fact the average toilet paper manufacturer reduce the number

of Sheets in their roles were margin of 15% sometimes inflating the price in the process. 

1. Movie Theatre Popcorn 

It’s been estimated that movie theaters make an 85% profit at the concession stand on over priced soda,

candy, nachos, hotdogs and of course popcorn. 

Movie theater popcorn has been called one of America’s biggest rip

offs with a retail price of nine times what it cost to make.

In 2012 after a Michigan man sued The movie theater for overcharging customers on snacks,

one theater owner spoke up in defense of charging eight dollars for a Coke and a box of goobers. 

The majority of a price charged for a movie tickets,

he explains goes to the studios and distribution company not the theater.

Theaters it’s been said are really in the popcorn and candy business,

the showing your films is just an excuse to gather a crowd and try to

sell them battery snacks and sugary drinks. 

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Newton is a Nigerian blogger, video creator and also a crypto trader that is always aspiring GROWTH in knowledge and finance as well his blogging career...

OTHERS

Laycon to perform alongside Wizkid, Burna Boy at AfroNation as co-founder offers him slot

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Big Brother Naija housemate Laycon is said to perform alongside Wizkid and Burna Boy at the forthcoming AfroNation festival as co-founder has offered him a slot.

The festival which is slated to take place in 2021 in Portugal, will be a 3-day event that will see top music stars like Wizkid, Olamide and Burna Boy performing.

The show organizer, Adesegun Adeosun Jr popularly known as King Smade recently wowed Laycon’s fans when he revealed he’ll get the housemate – who is a musician – to perform at AfroNation festival.

Nigerian Singer and music producer, Samklef who is a Laycon stan earlier made a post suggesting they throw a party to celebrate when Laycon wins.

Responding to this, King Smade, The show organizer of AfroNation festival took to the comment section to reveal that he will have the housemate perform at the festival.


He wrote,

“I will have him perform at AfroNation festival! Lay on for the win!”

Samklef shared a screenshot of the comment via Twitter and fans cannot curtail their happiness, have they’ve taken to the platform to celebrate their favourite.

Laycon perform

Laycon perform

For an upcoming act like Laycon, this offer, if accepted will be a dream come true for him as it would be to any musician hustling for a breakthrough.

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Ozoemena “Ozo” Chukwu bio: Who is this BBNaija 2020 contestant?

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Biography of Ozo BBNaija 2020 (Pictures of Ozo BBNaija Lockdown).

Complete Bio of Ozo BBNaija 2020 lockdown housemate, where we take a view of the Biography of Big Brother Naija housemates based on popular searches from our esteemed readers.

Ozo is one of the contestants who put in for the season 5 of the Big Brother Naija 2020 reality show. In this Article, I will be revealing the important details about Ozo BBN 2020 lockdown housemate.

This article is written about Ozo BBNaija housemate of the season 5 show in 2020, which contains the complete profile of the lockdown housemate,  Ozo’s real name, age, relationship status, and educational background.

YOU MAY ALSO LIKE: Laycon: Biography, Networth And All You Need To Know

Ozo is an author, urban-clothing line owner and a consultant. He enjoys analysing sports, watching documentaries and TV shows with an interest in becoming a reality star, which was the motive for making it to the Big Brother Nigeria reality TV show in season 5 of the 2020 lockdown edition.

Profile of Ozo Big Brother Housemate 2020

This is a complete profile of Ozo BBNaija Housemate, which contains his real name, age, state of origin, Hobbies, and Occupation

  • Ozo’s Full Name: Ozoemena “Ozo” Chukwu
  • Ozo’s Age: Ozo is 27 years old at 2020 ozo bbnaija biography
  • State of Origin: Imo State, Nigeria ozo bbnaija biography ozo bbnaija biography ozo bbnaija biography
  • Ozo’s Occupation: Ent#repreneur ozo bbnaija biography ozo bbnaija biography ozo bbnaija biography
  • Ozo’s Gender: Male
  • Hobbies: Ozo Football ozo bbnaija biography ozo bbnaija biography ozo bbnaija biography

Brief Biography of Ozo BBNaija 2020

Consultant and entrepreneur Ozoemena “Ozo” Chukwu (27), is from Imo State. One of his greatest achievements is working with a UEFA Federation in Europe. It is no surprise then that when he is not busy consulting or managing his urban clothing line, you’ll find him analysing sports and watching documentaries and TV shows.

YOU MAY ALSO LIKE: 8 Things You Don’t Know About BBNaija Dorothy Bachor (Biography)

Pictures of Ozo BBNaija 2020

Ozo BBNaija Biography

Ozo BBNaija Instagram, Facebook & Twitter 

You can follow Ozo on Instagram and get all the latest updates as he moves on his daily celeb living.

Click to Watch Video of Ozo BBNaija

Ozo’s Facts Interviewed in BBNaija Lockdown

What new habit or skill did you acquire during lockdown? Learning to stay without loud music.

What are your words to live by? No boundaries with an ounce of hope.

What is your biggest achievement? Working for a UEFA Federation. It was a job I took great pride in and enjoyed doing.

YOU MAY ALSO LIKE: BBNaija 2020: Nengi BBNaija Housemate Profile & Biography | BBN Pictures, Age, State, Occupation

Stay connected for more and the latest news about Ozo BBN 2020 Lockdown housemate.

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Laycon: Biography, Networth And All You Need To Know

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Laycon Biography

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Olamilekan Agbeleshie popularly known as Laycon is BBNaija’s housemate for this year’s Lockdown Edition. Laycon before joining the house is a singer and a rapper who hails from Lagos.

The 26 year old was born in 1996 to Mr & Mrs Agbeleshe.

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Laycon started his music journey at an early age. Many have tagged Laycon as the new school of rap music in Nigeria. He is a graduate of the University Of Lagos with philosophy.

Laycon also describes himself as being versatile and able to coin words together to soothe scenarios and moods.

According to Laycon he said during the lockdown, he developed the ability of singing and reading my bible.

Achievement

His song ‘Fierce’ featuring rapper Reminisce and Chinko Ekun making it to MTV BASE Top ten charts for six months is one of his biggest achievements.

After his inclusion, Laycon has gotten numerous endorsements from most celebrities just for him being a rapper.

Laycon Social Media Handle

You can follow Laycon on his instagram account @itslaycon and on twitter @itsLaycoon

According to reports, Laycon is networth is estimated to be around $7,000

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“When the disqualified appears in the house before the winner” – Titans hail their queen as she addresses #BBNaija Lockdown housemates (Video)

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Fans of former Big Brother Naija housemate, Natacha Akide a.k.a Trident Queen have hailed her on social media after she addressed the present BBNaija housemates.

Tacha Akide was disqualified from the show last year after she got into a fight with Mercy Eke, who later won the show.

Prior to her disqualification and even after her disqualification, some Nigerians dragged her name in the mud, saying no brand would want to associate with her.

However things turned out differently for the influencer as she did not only secure deals, she also joined global telecom company, Oppo, as a brand partner.

Her fans were amazed today as she confidently addressed the current housemates. Since then, they have been disturbing the streets of social media, sharing the video on their IG stories and showering praises on their fave.

Watch the video below;

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8 Things You Don’t Know About BBNaija Dorothy Bachor (Biography)

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Big Brother Naija BBNaija Season 5 housemate, Dorathy Lynda Bachor also known as Dorothy has been able to gather a huge fan base hours after she entered into the BBN house.

We at Gistvic Blog have been able to put together Eight solid things you don’t know about BBN Dorathy.

See 8 Things/Biography Of BBNaija Dorothy Bachor:

  1. Dorathy full name is Dorathy Bachor Lynda.

  2. Dorathy Bachor obtained a Bachelor’s degree in Accounting from Joseph Ayo Babalola University (JABU) in 2016.

  3. Dorathy Discloses Her Celebrity Crush, It’s A Senator, See Who

One housemate who has gotten the attention of many is Dorothy. Many identify her by her heavy melons and her skin color. Most men on social media are seriously crushing on her because she’s naturally and heavily endowed. Dorothy doesn’t lose any chance by flaunting her assets on screens for her viewers.

However, Dorothy made a disclosure to the house who her favorite celebrity crush is. She revealed that she’s seriously crushing on Senator Dino Melaye, a former Kogi State lawmaker.

See how some social media users reacted to Dorothy’s choice of crush.

  1. Dorathy was born in the year 1996.

  2. Dorathy Bachor is from Delta State But Lives In Lagos.

  3. Dorathy finished from Lagos State Model college, Igbokuta.

  4. Dorathy Bachor lost Her Father at Age 14.

  5. Dorathy Bachor Lost Her Dad On November 2nd, 2010 at 2:37pm.

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Facebook CEO Mark Zuckerberg is now worth $100 billion

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Mark Zuckerberg has joined the world’s most exclusive club of the ultra rich.

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The Facebook CEO on Thursday became a centibillionaire, someone who is worth at least $100 billion.

He crossed the milestone after shares in the social network surged. Only two other men, Amazon (AMZN)’s Jeff Bezos and Microsoft (MSFT)’s Bill Gates, have bigger personal fortunes.

mark zuckerberg

Zuckerberg co-founded Facebook from his Harvard dorm room in 2004, and his biggest asset is still his 13% stake in the company, according to the Bloomberg Billionaires index, which tracks the world’s wealthiest people.

The 36-year-old is also Facebook’s chairman and controlling shareholder.

Zuckerberg’s wealth got its latest bump as Facebook’s stock climbed 6.5% Thursday, a day after the company launched its TikTok clone, Reels, on Instagram.

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BBNaija 2020: Nengi BBNaija Housemate Profile & Biography | BBN Pictures, Age, State, Occupation

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Rebecca “Nengi” Hampson is a 22 years old entrepreneur from Bayelsa State, Nigeria. She is a former model and MBGN Top 5 contestant who loves learning new things, having fun, travelling, taking on new adventures, and being true to herself.

Nengi, as she prefers to be called, studied communications at the University of Port Harcourt and is a proud Capricorn. She proclaims: “If you want the job done right, give it to a Capricorn. I give 110% of my energy and enthusiasm into everything I do.”

Full Name Rebecca Nengi Hampson
Age 22 Years (2020)
Sex Female
Nationality Nigerian
Place of Birth Bayelsa
Marital status Single
Occupation Model and Entrepreneur

Facts about Nengi

  • What new habit or skill did you acquire during lockdown?

The ability to talk to myself and enjoy the conversation.

  • What are your words to live by?

Live and let live.

  • What is your biggest achievement?

Getting my BSc. So many times, I could have dropped out, but I persevered.

Pictures of Nengi BBNaija

Nengi BBNaija

Meet Nengi

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