How Consumer Reports Has Kept Trust of Readers, CEOs
*By Tracey Cheek*
At a moment when public trust in media is at a low ebb and cries of "fake news" are rampant, Consumer Reports has managed to retain the trust of its 6 million consumer members ー and the ear of top CEOs.
Tech companies like including Tesla ($TSLA) and Facebook ($FB) have all made changes to their products or marketing thanks to investigations published by Consumer Reports.
The non-profit organization identified a security bug on Facebook's platform over the summer. They also worked with Tesla to correct a braking issue in the company's Model 3.
"We've been at this for 80 plus years, 60 plus labs; we test and rate over 8,000 products a year," Consumer Reports President and CEO Marta Tellado told Cheddar Thursday. "I think we've earned the trust of both manufacturers and consumers because of the rigor and evidence-based research that we use."
With the proliferation of product reviews online ー not all of which can be trusted ー Tellado said Consumer Reports is more important than ever.
"When they're in the marketplace making decisions, there's an imbalance of power. They don't have all the cards," she said, as well as online reviews that may not be trustworthy.
Throughout its long history, Consumer Reports has played a major role in shaping transportation safety, from seat belts to backup cameras.
As for the future of mobility, Consumer Reports will continue to monitor what's safe and what's not.
"We're seeing a lot of marketing that says 'self-driving' and that sends a message to the consumer that you don't have to pay a whole lot of attention ー you can take your hands off the wheel," Tellado said. "It's not self-driving yet. So we've come back around to some automakers and said that advertising is not safe, and they've responded to that."
For full interview [click here](https://cheddar.com/videos/consumer-reports-in-the-digital-age).
Markets are emerging from a turbulent Q3. Horizon’s Mike Dickson shares insights on interest rates, small caps, and where investors should look in Q4 and beyond
Bambu Ventures's Kyle Pretsch dives into Lemonaid’s $10M buyout, down from 23andMe’s $400M price tag, and what’s next after Chrome Co.’s dramatic pivot.
Former Cisco Systems CEO John Chambers learned all about technology’s volatile highs and lows as a veteran of the internet’s early boom days during the late 1990s and the ensuing meltdown that followed the mania. And now he is seeing potential signs of the cycle repeating with another transformative technology in artificial intelligence. Chambers is trying take some of the lessons he learned while riding a wave that turned Cisco into the world's most valuable company in 2000 before a crash hammered its stock price and apply them as an investor in AI startups. He recently discussed AI's promise and perils during an interview with The Associated Press.
Grove Collaborative’s CEO shares how the company is reinventing everyday goods with sustainability at the core and working toward a plastic-free future.
Atlanta Mayor Andre Dickens shares plans for affordable housing, community-led growth, and why private and public grocery stores could be key to food equity.
Tesla reported a surprise increase in sales in the third quarter as the electric car maker likely benefited from a rush by consumers to take advantage of a $7,500 credit before it expired on Sept. 30. The company reported Thursday that sales in the three months through September rose 7% compared to the same period a year ago. The gain follows two quarters of steep declines as people turned off by CEO Elon Musk’s foray into right-wing politics avoided buying his company’s cars and even protested at some dealerships. Sales rose to 497,099 vehicles, compared with 462,890 in the same period last year.
