4 ms·
Bloomberg literally compensates its writers for moving markets. So, the super micro case, this one and many others before these..no surprises here.
by neya 7y ago
Bloomberg literally compensates its writers for moving markets. So, the super micro case, this one and many others before these..no surprises here.
- lawrenceyan 7y agoIt seems like that would make it extremely to keep journalistic integrity while working under such a compensation / commission structure. How are you supposed to trust a Bloomberg article when the writers are designing them specifically in a way to try and purposely move the market? They would have every incentive to exaggerate, embellish, and even go so far as lie as shown in this instance.
- kevinmchugh 7y agoThey also had an incentive to ignore or deprioritize stale or low impact stories. The bonuses required that the market impact be durable, and the stories still had to be edited to fit house style.
- vonmoltke 7y agoNo, they literally don't. In the past reporters got bonuses for the number of market-moving stories they broke, but that was predicated on the stories being accurate. That bonus program is no longer extant.