September 15, 2017

FTC Takes Action Against Social Media Influencers for Lack of Transparency

Two social media influencers, Trevor Martin, ‘TmarTn’ and Thomas Cassell of The Syndicate Project, settled with the Federal Trade Commission on charges that they failed to disclose their ownership in CSGO Lotto when they endorsed the online gaming company. According to the FTC, Martin and Cassell paid other social media influencers thousands of dollars to promote CSGO Lotto on YouTube, Twitter, Facebook and Twitch, but failed to disclose this in their social media posts. As part of the settlement, the FTC is requiring the pair to ‘clearly and conspicuously disclose any material connections with an endorser or between an endorser and any promoted product or service.’

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Five on Friday: E-commerce, Email Tips and Facebook Ads

Before you slip out of the office for the weekend though, take 5 or 10 minutes to review this weeks Five on Friday. This week were featuring Facebook and Instagram ad advice from Business2Community, recommendations from The Next Web on keeping your e-commerce site safe from hackers, marketing tips from Salesforce on engaging email subscribers, ways to keep calm in the face of stress from Ladders, and news about Walmarts latest restructuring.

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The FTC Speaks Out Again On Social Media Endorsements: Updated Endorsement Guidelines and FAQs

The FTC has updated its guidelines and FAQs on Influencer testimonials and endorsements, after settling a case and sending warning letters to companies. Lisa B. Dubrow, Esq, Subscription Insider Guide to Subscription Regulation and Compliance and partner at Dubrow & Bhonslay, explains the updated Influencer Marketing guidelines that companies need to adhere to.

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