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Tag: sellers

Online sellers 'pay for positive reviews'

Online sellers 'pay for positive reviews'

Business
Some online sellers are offering people free goods in return for positive product reviews, an investigation by consumer group Which? has found.Its investigator joined several "rewards for reviews" groups and was hired to write high-rated reviews in return for free items.Paid-for, or fake, reviews flout rules set by platforms such as Amazon and Facebook.A similar investigation by BBC 5 live uncovered the trade in false reviews.Fake five-star reviews being bought and sold onlineThe Which? investigator found five sellers who gave instructions to order an item through Amazon, write a review and share the link, with the promise of a refund.The investigator gave an honest review of the items, but in three out of five cases was not refunded because the reviews w...
Elon Musk accuses BlackRock of helping short sellers

Elon Musk accuses BlackRock of helping short sellers

Finance
Tesla CEO Elon Musk has accused large fund managers such as BlackRock for fueling short sellers, a group of investors he has been criticizing on his Twitter account. In a series of Twitter posts on Thursday night, Musk alleged that BlackRock and other financial firms pocket "excessive profit" from lending shares they hold to short sellers because "they're suffering a net loss." Short sellers are investors who bet on the decline of a security, such as a stock. They make money by selling the shares they borrow, and hope the price falls so they can buy them back at a lower price and make profits from it. ...