Re:An insider-trading indictment shows ties to Bloomberg New...
by mannykannot on Saturday April 03, 2021 @06:52AM
(#26679931)
> Basically, the info has a certain amount of value, that doesn't really go down.
I was thinking of the value of the news to Bloomberg, which was mentioned in the article:
At Bloomberg, scoops about deals are highly valued, because beating competitors like Reuters or Dow Jones helps to justify the high price of a terminal, which carries rich veins of data along with news, at a reported cost of around $24,000 a year. The terminals constitute the company’s core business.
If the information is deemed important, then, as soon as Bloomberg is confident in the information's accuracy, it will publish. Once Peltz had a record of giving reliable tips, that would likely happen quickly.
Basically, the info has a certain amount of value, that doesn't really go down. If you pair that information with the knowledge of when it will be published, it goes up in value.