A product’s first review can shape its fate for years
If you’re about to buy something online and its only customer review is negative, you’d probably reconsider the purchase, right? It turns out a product’s first review can have an outsized effect on the item’s future it can even cause the product to fail.
Shoppers, retailers and manufacturers alike feel the effects of customer reviews. Researchers at the University of Florida’s Warrington College of Business looked at the influence of the first review after noticing the exact same products getting positive reviews on one retailer’s website but negative reviews on others, said Sungsik Park, Ph.D., who studied the phenomenon as a doctoral student at UF.
US IPO mania sweeps over Robinhood crowd and stokes a 111% rally financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Share:
The IPO frenzy of the past week is part of a larger picture that has taken shape this year, and Robinhood traders are a big part of what s behind it, Bloomberg reports this weekend.
Pandemic Idle Time:
DoorDash Inc (NYSE: DASH) and
C3Ai Inc (NYSE: AI) each saw their valuations double after their listings this past week. Such first-day rallies this year are almost three times bigger than the average of the last 40 years, according to Bloomberg. While Federal Reserve stimulus may explain some of the frenzy, it’s hard not to also consider who rules public exchanges these days: the Robinhood posse, the financial news outlet said.