Companies will fool you?

June 22, 2008

If you enjoy surfing the net and looking at people blogs and read other peoples ideas about businesses you like or enjoy, however, did you know that many blogs have been made to lie to you giving false opinions? Well they have. Companies caught out posting these bogus blogs - or “flogs” - include Sony, L’Oreal and Wal-Mart, while a whole vocabulary has gradually emerged to describe their actions.

Now, however, this kind of tactic has been ruled an unfair commercial practice by Brussels. From 26 May, any UK firm breaking the rules may face prosecution, stiff fines and possibly even jail terms for its staff.

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Posted in Business/Stocks