Son is 16, best friend is 17, they go to the same high school. Best friend’s family’s wealthy. He bought son a brand new iPhone 16 Pro Max & a pair of AirPods Pro 2, so they can “match”. Son’s obviously very happy, but I think it’s a bit too much. I called the parents and they said it’s fine, it’s just pocket change.
If you go back on your son receiving this gift, it’ll be a dick of a dad move. Like some people have mentioned your best bet is probably to have a discussion about wealth and ethics with your son as well as letting him know your concerns. Like some people say, it’s a lot of money for YOU, for these people it’s not.