What was the primary negative financial consequence Shane Chen experienced due to the success of the Hovertrax concept?
Answer
He lost millions of dollars due to counterfeiters
Reports indicate that due to counterfeiters flooding the market with copies of his design, Chen lost millions of dollars, undermining legitimate sales.
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Inside the Mind of Shane Chen: The Creator of the Hoverboard
Shane Chen, inventor of the hoverboard, on creating the first 2 ...
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