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Here are the 16 celeb influencers who have formally committed to transparency on endorsements
IF 2018 IN Ireland taught us anything, it’s that hell hath no fury like a social-media user duped by shady #sponcon.
With accounts established solely to highlight the lack of transparency across numerous influencers’ platforms, pressure intensified across the board and calls were made for celebrities and influencers to declare if they have been paid to promote or endorse a product.
Indeed, an investigation conducted by the Competition and Markets Authority (CMA) in the UK last August highlighted the need for tighter controls after they concluded that a number of high-profile individuals were failing to disclose the relevant information in their posts which breaches consumer protection law.
According to The Guardian, Andrea Coscelli, CMA chief executive, said:
“You should be able to tell as soon as you look at a post if there is some form of payment or reward involved, so you can decide whether something is really worth spending your hard-earned money on,” she added.
As such, more than a dozen celebrity influencers have this week formally committed to the CMA to disclose payment deals if a social media post requires it.
They are
Warning letters have been sent to numerous other influencers following the investigation, and the CMA is hopeful that the formal commitments made by the aforementioned celebrities and influencers will set an example to others in the industry.
Failure to disclose payment or reward can result in prosecution, leading to fines or a two-year prison sentence.
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