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Technology Facebook and eBay pledge to better tackle fake reviews

13:36  08 january  2020
13:36  08 january  2020 Source:   reuters.com

eBay to sell StubHub tickets marketplace for $4 billion

  eBay to sell StubHub tickets marketplace for $4 billion The online retailer has been under pressure from activist investors to shake up its business.The deal is the culmination of months of disruption at the online retailer, as activist investors Elliott Management and Starboard Value have pushed for changes. Those investors had been calling on eBay to sell or spin off StubHub and its classified ads business.

Facebook and eBay have been warned by the U.K.’s Competition and Markets Authority (CMA) to do more to tackle the sale of fake reviews on their Over the same period it also identified 26 Facebook groups where people offered to write fake reviews or where businesses recruited people to write fake

"We have zero tolerance for fake or misleading reviews . Listings such as these are strictly against our policy on illegal activity and we will act where our rules Facebook said in March it had removed 137 fake pages, groups and Instagram accounts in the United Kingdom for engaging in hate speech and

LONDON, Jan 8 (Reuters) - Facebook and eBay have promised to better identify, probe and respond to fake and misleading reviews, Britain's Competition and Markets Authority (CMA) said on Wednesday after pressing the online platforms to tackle the issue.

a close up of a device: Facebook logos© Reuters/JOHANNA GERON Facebook logos

Customer reviews have become an integral part of online shopping on several websites and apps but the regulator has expressed concerns that some comments may not be genuine.

Facebook has removed 188 groups and disabled 24 user accounts whilst eBay has permanently banned 140 users since the summer, according to the CMA.

eBay is selling StubHub to Viagogo for $4.05 billion

  eBay is selling StubHub to Viagogo for $4.05 billion StubHub will soon have a new owner if all goes to plan. Viagogo, another ticket resaler, has agreed to buy it from eBay for $4.05 billion. The sale should close by the end of March, pending regulators' approval and customary closing conditions. Viagogo founder and CEO Eric Baker also co-founded StubHub, which eBay bought in 2007 for $310 million (Baker left the company before then). He said he had long hoped to bring Stubhub and Viagogo together. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.

In June, the CMA told Facebook and eBay to conduct an urgent review after it found “troubling evidence” of a thriving marketplace for fake The number of groups still rife on Facebook raised serious concerns about the effectiveness of its attempts to tackle the growing problem, Which? said.

"We have zero tolerance for fake or misleading reviews . Listings such as these are strictly against our policy on illegal activity and we will act where our rules Facebook said in March it had removed 137 fake pages, groups and Instagram accounts in the United Kingdom for engaging in hate speech and

The CMA has also found examples via photo-posting app Instagram which owner Facebook has promised to investigate.

"Millions of people base their shopping decisions on reviews, and if these are misleading or untrue, then shoppers could end up being misled into buying something that isn’t right for them – leaving businesses who play by the rules missing out," said CMA Chief Executive Andrea Coscelli.

The CMA said neither company was intentionally allowing such content and both had committed to tackle the problem.

"We maintain zero tolerance for fake or misleading reviews and will continue to take action against any seller that breaches our user polices," said a spokeswoman at eBay.

Facebook did not immediately provide a comment when contacted by Reuters. (Reporting by Costas Pitas, Editing by Paul Sandle)

Facebook shuts down Iran-based misinformation campaign targeting US .
The company also removed operations based in Russia, Vietnam and Myanmar.The social media platform said Wednesday it shut down six Facebook accounts and five Instagram accounts based in Iran that were part of a network attempting to create foreign interference in the US. Individuals used fake accounts to share political news stories, try to contact public officials and post in various groups. They focused on content dealing with the US elections, religion, immigration policy and other political issues.

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