The reputation economy, despite some of the disadvantages mentioned in this article, provides useful information, in advance, to consumers. This type of information has been available for the first time, in the information economy, starting with Ebay and others that allow consumers to make very informed choices when selecting sellers of products and services.

Social Media Challenges

In the reputation economy, the ratings go both ways.

Sourced through Scoop.it from: www.nytimes.com

The ever-so tough world of social media popularity.

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