I have long warned that the business model of Trustpilot (TRST) is just not sustainable and that this will all end in share price tears. Quite simply its reviews are too often bent but as it bats for paying corporate customers the mugs who read the site can get screwed and, in the end, will stop using it. It seems I am not howling in the wind alone. A new bear dossier is out thus morning. Enjoy...
I have long been a bear of TrustPilot (TRST) arguing that its business model is just not viable in the long run. It seems that I am not alone.
This reader may not have an MBE like our earlier commentator but his comments merit a wider audience. And they, again, show why you cannot trust TrustPilot (TRST) reviews and that is a fundamental flaw in the business model. Enjoy...
Can you trust TrustPilot (TRST) as a reader looking to buy a good product? The answer as evidenced by the 79th Group scandal HERE and Alan Green’s poor dog HERE is a clear NO! Now a reader with an MBE provides me with his correspondence showing, once again, TrustPilot protecting crooks because it is the crooks who pay the bills
A week after the City of London fuzz announced that looking at a "widespread fraud" it had launched Operation Mold, arrested and charged 4 employees of 79th Group and asked for other victims to come forward, Trustpilot (TRST) which has been a platform for rave reviews for the fraudsters has posted a warning. Well sort of.
Every business has three key stakeholders: staff, shareholders and customers. You can screw one of them and reward the others but not forever. But maybe Trustpilot (TRST) is different?
When I owned a restaurant, a long long time ago, supporters of the fraud Quindell (QPP) took to Trustpilot (TRST) to post bogus reviews and ensure we had the worst rating in London. Naturally, even when presented with proof, Trustpilot did nothing about it.It just loved all that traffic coming to its site. Today I bring you another review by a Tom winnithrith. It is of ADVFN (AFN) where Steve and I run two subscription newsletters.





