Federal regulators are cracking down on what they're calling an explosion of businesses’ use of fake reviews and other misleading messages to promote their products on social media. The FTC says major corporations and smaller businesses could face fines.
FILE - This Jan. 28, 2015, file photo, shows the Federal Trade Commission building in Washington. Federal regulators say they are cracking down on “an explosion” of businesses' use of fake reviews and other misleading messages to promote their products and services on social media. The Federal Trade Commission said, Thursday, Oct. 14, 2021, it has warned hundreds of major corporations and smaller businesses that they could face fines if they use bogus endorsements to deceive consumers.
WASHINGTON — Federal regulators say they are cracking down on “an explosion” of businesses’ use of fake reviews and other misleading messages to promote their products and services on social media. “The rise of social media has blurred the line between authentic content and advertising, leading to an explosion in deceptive endorsements across the marketplace,” the FTC said in a news release Wednesday.
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