Re:Ask HN: Current and former FB employees, what's the other...
by untog on Wednesday March 06, 2019 @01:53PM
(#19321481)
Well, you removed the word "Facebook" from the quote there, and the Business Insider article itself states that the practice is extremely unusual in the industry.
I'll agree that if Bloomberg was the sole reporter of a controversial story about Facebook that couldn't be proven I'd be very suspicious. But as far as I can tell, that hasn't happened.
Re:Ask HN: Current and former FB employees, what's the other...
by vonmoltke on Wednesday March 06, 2019 @03:53PM
(#19322668)
First, I don't think moving the price of an OTCBB stock counts.
Second, there is still the issue of accuracy, and that is even mentioned in the BI article. Bloomberg is not going to reward reporters for publishing bullshit, because it hurts the credibility of the terminal as a news source.
Third, while I wasn't in news while I was there I'm not aware of such a policy existing, and can't find anything more recent than that 2013 article.
recent example is bloomberg and their china chip hacking (did that ever turn out to be true?) https://www.bloomberg.com/news/features/2018-10-04/the-big-h...
where the writers get compensated if their story moves stock prices https://www.businessinsider.com/bloomberg-reporters-compensa...