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The stock buyback replaces the previous $5 billion stock repurchase authorized by Amazon's board in 2016, under which the company had repurchased $2.12 billion of its shares. This is the first stock split by Amazon since 1999 and will give investors 19 additional shares for every share they hold. Trading based on the new share price will begin on June 6.
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"The regulator must now turn its attention to review sites which are losing the battle against fake reviews â with shoppers duped into buying shoddy goods and services which have been artificially boosted by unscrupulous sellers. Facebook and eBay have pledged to crack down on the trade of fake and misleading reviews on their sites, the UK's competition watchdog has announced.
The internet is plagued with paid advertising, custom announcements and paid reviews by companies seeking to broaden a customer base by showing the public a positive review of a product, service or the company itself. This has been considered ethically questionable tactics by business experts and customers seeking information about a company. However, provided the ads and analyses are not full of baseless claims, false data and untrue facts, it may be legal to pay someone or another company for a review about the products and services offered online. This means that a small fee is paid to an individual to give a shining review about something for the business. Fake Review Facts
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Review Meta looked at at 807 products that had at least 10 incentivized and 10 non-incentivized reviews, a total of 1.7 million reviews. Of those, the vast majority (87 percent) received a higher rating from incentivized reviews. To put that into perspective, almost nine out of 10 reviewers rated a product higher than the average non-incentivized reviewer. According to its data, only about 20 percent of reviews on Amazon feature an incentive. This small number, however, leads to significant shifts in overall review data.
how much does tiktok pay for 9 million viewsReview Meta looked at at 807 products that had at least 10 incentivized and 10 non-incentivized reviews, a total of 1.7 million reviews. Of those, the vast majority (87 percent) received a higher rating from incentivized reviews. To put that into perspective, almost nine out of 10 reviewers rated a product higher than the average non-incentivized reviewer. According to its data, only about 20 percent of reviews on Amazon feature an incentive. This small number, however, leads to significant shifts in overall review data.
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