4 ms·
I'm really losing faith in bloomberg. That's a huge detail to leave out of a story like this.
by ngngngng 8y ago
I'm really losing faith in bloomberg. That's a huge detail to leave out of a story like this.
- akvadrako 8y agoBloomberg reporters have a incentives model¹ which encourages incorrect stories. This isn't the only example; they still haven't retracted the supermicro hardware hack story even though there is no evidence and it's denied by all the parties. [1] https://www.businessinsider.com/bloomberg-reporters-compensation-2013-12/?IR=T https://www.businessinsider.com/bloomberg-reporters-compensa...
- siruncledrew 8y agoJeez. This type of false narrative creation (especially impacting financial markets) seems like it should be illegal. With journalistic integrity out the window for the sake of attracting an audience, I could imagine why some group of traders would want to intentionally feed Bloomberg false information or "nudge" them to publish a story knowing they could significantly profit from the resulting reaction.
- sverhagen 8y agoThis is bad, but come on! Any reporting has an interest in being exciting and juicy. If it's not for markets it'd be for ratings. And while one can argue that inflated ratings don't cost you your investment money in the way the effect on the markets does, it can still have big impact on the debate and the discourse in the US, where we're all feeling the pain at least as hard, in this age.
- vectorEQ 8y agowelcome to media :D they are all in it to make money!
- simias 8y agoThey may or may not have stopped this practice: https://news.ycombinator.com/item?id=18164117 https://news.ycombinator.com/item?id=18164117 The businessinsider article dates from 2013 and I can't find a source discussing their current practices.