3 ms·

There is no real penalty for publishing fake news as if it was truth. Whole websites and media companies do it as a matter of course (often for political or man

There is no real penalty for publishing fake news as if it was truth. Whole websites and media companies do it as a matter of course (often for political or manipulative purposes). 5.6M to Bloomberg is pocket change. There are of course still journalists with a burning desire to report the truth, but it's far easier and profitable to ignore it today. When the internet started we all thought that the truth would finally prevail only to find out the non-truth is easier to amplify.

dgellow 7y ago
> There is no real penalty for publishing fake news as if it was truth I'm not sure what you mean here. If you publish fake information about a public company, couldn't that be considered security fraud by the SEC? I'm not an expert at all, and don't know the details of what is or isn't actually considered a security fraud, so I may be completely off here. If we are talking about the more general idea of "fake news", since 2018 France has a law "against the manipulation of information": https://www.gouvernement.fr/en/against-information-manipulation https://www.gouvernement.fr/en/against-information-manipulat....
auiya 7y ago
> There is no real penalty for publishing fake news as if it was truth This depends on what country in which you operate. Many countries have made publishing fake news illegal. > When the internet started we all thought that the truth would finally prevail only to find out the non-truth is easier to amplify. When the Internet started, we didn't realize it would be commercialized so heavily that basically 3-4 companies control it all.