The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
Buyer, beware — that last-minute stocking stuffer from Amazon may not have earned its five-star rating legitimately.
Amid the explosion of e-commerce, shoppers are turning to online reviews instead of ads to decide what to buy. Fifty-five percent of people always use online ratings and reviews to inform their purchase decisions, according to a Better Business Bureau and Nielsen survey.
But sometimes those reviews are bought and paid for, just like advertising.
"The reality is with certain categories of product, buying out fake reviews is actually considered a marketing expense," said Renee DiResta, director of research for cybersecurity firm New Knowledge.
The dominant e-commerce platform remains Amazon, which sells hundreds of millions of products, with more than half of items sold coming from third-party sellers. Shares of the e-commerce giant are up 40 percent this year, and the company's market valuation briefly reached $1 trillion in September.
Top-rated products show up higher in search results on Amazon's website and Google, which can mean a significant boost in sales for a seller with a top-rated listing.
Some merchants have turned to paying for positive reviews, especially ahead of major shopping days for Amazon, like Black Friday. And Amazon has struggled to catch them as they grow increasingly sophisticated in evading notice from the website and customers.
DiResta's research found that the most likely offenders are sellers of generic products from no-name companies.
Amazon fans can look to websites like ReviewMeta or FakeSpot for estimates on how trustworthy a product's reviews are. Both have their own Google Chrome extensions to make checking reviews even easier.
FakeSpot gives Amazon products a grade based on how trustworthy its reviews appear to an algorithm. The website also grades reviews from TripAdvisor, Yelp and Walmart.
ReviewMeta takes a different approach. Running an Amazon URL through the website generates a report with an overall grade, as well as an adjusted rating that removes reviews it deems "unnatural."
A low grade from ReviewMeta or FakeSpot does not necessarily mean that the program captured every fake review. In some cases, legitimate reviews may be flagged or fake reviews could be missed.
To combat the problem, Amazon deletes reviews, products and even the accounts of suspect sellers and fake reviewers.
"We take this responsibility very seriously and defend the integrity of reviews by taking aggressive action to prevent abuse and protect customers from dishonest parties who are abusing the reviews system," Amazon said in a statement to CNBC. "Customers can report suspicious reviews 24 hours a day, 7 days a week and we investigate each claim."
In some cases, the e-commerce giant has used the legal system to curb the problem. It sued more than 1,000 people who used the freelancing platform Fiverr to find sellers willing to compensate them for reviews. Amazon has also filed suits against several third-party sellers.
DiResta discovered that sellers search for reviewers looking for free products and even extra cash in Facebook groups and Reddit posts. Merchants usually request to see the reviewer's Amazon profile to make sure it appears legitimate, which usually means a profile picture and experience writing reviews spread out over a long span of time.
To avoid fraud detection, sellers would send DiResta a photo of their product, leaving her to track it down on Amazon. Some might even ask reviewers to leave the item on their wish list for a day or two to remain under the radar, she said.
Sellers also provide a discount code to reviewers, allowing them to purchase the product without paying. Because they bought it through Amazon, their post about the product will appear with a badge that says "verified purchase," adding a sense of legitimacy to the review. DiResta also noted that many sellers requested reviewers to post photos of the product with the review.
ReviewMeta and FakeSpot still recommend reading over the reviews — with a few tips in mind.
One sign that potential buyers should look for is overly positive language that praises the company, FakeSpot CEO Saoud Khalifah said.
Khalifah also suggests looking at the dates of a product's reviews. A large number in a few days is a red flag. Another warning signal is multiple posts from a reviewer for different products in a single day, he said.
Tommy Noonan, who operates ReviewMeta, says when you believe you have been fooled, you should message the seller and Amazon and consider returning the product.
Noonan warns that nobody can tell definitively what a fake review is, and even a listing with inauthentic reviews might still sell a product that works.
"Any seller that has any long-term goals in mind is going to try to provide a quality product and quality customer service," he said.