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And who holds journalists accountable for vetting the source of the tip? Their editors and publishers, who have an opposing incentive in pushing pageviews?
by scott_karana 11y ago
And who holds journalists accountable for vetting the source of the tip? Their editors and publishers, who have an opposing incentive in pushing pageviews?
- mathattack 11y agoIt's not a great system. But... 1) If they are making it up themselves, they can be sued. 2) If they are frequently wrong, day traders shouldn't listen. (And it's day traders, not long term investors who pay the price when they're wrong)
- scott_karana 11y agoYou're right, point 2 alone would be enough to correct this. > 1) If they are making it up themselves, they can be sued. Sued by who, and with what evidence for wrongdoing? I don't see that being likely.