5 ms·

Well Bloomberg reporters get bonuses based on how much the their stories move the market. Huawei is traded on the Shanghai Exchange so the incentives for the re

by mruts 8y ago

Well Bloomberg reporters get bonuses based on how much the their stories move the market. Huawei is traded on the Shanghai Exchange so the incentives for the reporter are to make the stock tank (or pop, I guess).

withhighprod 8y ago
And someone could make profit. Hmm it smells like crime
ucha 8y ago
Except Huawei is not traded publicly.
- mruts 8y ago
  Yeah my bad I guess Huawei culture Co LTD is something else.
wybiral 8y ago
> Well Bloomberg reporters get bonuses based on how much the their stories move the market. Do you have any evidence of this?
LMYahooTFY 8y ago
> Well Bloomberg reporters get bonuses based on how much the their stories move the market. This sounds made up?
- xt00 8y ago
  It’s not made up, Bloomberg acknowledges it. https://www.businessinsider.com/bloomberg-reporters-compensation-2013-12 https://www.businessinsider.com/bloomberg-reporters-compensa... FTA: We asked Bloomberg about the practice. A company spokesperson acknowledged it. "It isn't news unless it's true. At Bloomberg News, the most important news is actionable. That means we strive to be first to report surprises in markets that change behavior and we put a premium on reporting that reveals the biggest changes in relative value across all assets."
  - wybiral 8y ago
    Reporting on changes and causing changes aren't the same thing. That's like saying that climate scientists are responsible for climate change because they're reporting on it.
AftHurrahWinch 8y ago
> Bloomberg reporters get bonuses based on how much the their stories move the market. I was surprised to learn this is true! https://www.businessinsider.com/bloomberg-reporters-compensation-2013-12 https://www.businessinsider.com/bloomberg-reporters-compensa...
- wybiral 8y ago
  This article speculates but doesn't provide any actual evidence of anything other than the fact that they probably get compensated for reporting on things that impact the market... Which makes sense considering the nature of their publication. It doesn't provide any proof that they encourage bogus reporting for the purpose of manipulating the market. There's a difference.

by mruts 8y ago

withhighprod 8y ago

And someone could make profit. Hmm it smells like crime

ucha 8y ago

Except Huawei is not traded publicly.

mruts 8y ago
Yeah my bad I guess Huawei culture Co LTD is something else.

wybiral 8y ago

> Well Bloomberg reporters get bonuses based on how much the their stories move the market. Do you have any evidence of this?

LMYahooTFY 8y ago

> Well Bloomberg reporters get bonuses based on how much the their stories move the market. This sounds made up?

xt00 8y ago
It’s not made up, Bloomberg acknowledges it. https://www.businessinsider.com/bloomberg-reporters-compensation-2013-12 https://www.businessinsider.com/bloomberg-reporters-compensa... FTA: We asked Bloomberg about the practice. A company spokesperson acknowledged it. "It isn't news unless it's true. At Bloomberg News, the most important news is actionable. That means we strive to be first to report surprises in markets that change behavior and we put a premium on reporting that reveals the biggest changes in relative value across all assets."
- wybiral 8y ago
  Reporting on changes and causing changes aren't the same thing. That's like saying that climate scientists are responsible for climate change because they're reporting on it.

AftHurrahWinch 8y ago

> Bloomberg reporters get bonuses based on how much the their stories move the market. I was surprised to learn this is true! https://www.businessinsider.com/bloomberg-reporters-compensation-2013-12 https://www.businessinsider.com/bloomberg-reporters-compensa...

wybiral 8y ago
This article speculates but doesn't provide any actual evidence of anything other than the fact that they probably get compensated for reporting on things that impact the market... Which makes sense considering the nature of their publication. It doesn't provide any proof that they encourage bogus reporting for the purpose of manipulating the market. There's a difference.