KATE THOMPSON FERREIRA: Companies now fight consumer complaints with honesty ratings

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KATE THOMPSON FERREIRA: Companies give online services users an honesty rating 🔒

A few years ago — closer to a decade if I’m honest — I read a stat about online reviews that has stuck with me. At the time the research suggested that one in four people who have a bad experience with a company or service will post a review online, while only one in seven people who have good experiences will do the same.

This suggests that the world of online reviews skews to the negative. It’s a view backed by several other sources and is the fount of reams of online hand-wringing on the part of business owners.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

 

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