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France's AMF watchdog fines Bloomberg €5M over Vinci hoax

reuters.com

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Re: France's AMF watchdog fines Bloomberg €5M over Vinci hoax

#52
post #23
post #20

Earlier quoted context omitted.

I am not saying it necessarily applies to this case, but France, like all countries in the EU, does not have actual freedom of speech.

That's not true. At least not for the common definitions of "freedom of speech".

I'm not familiar with French law. Can you point to us where it explicitly grants freedom of speech?

Re: France's AMF watchdog fines Bloomberg €5M over Vinci hoax

#53
post #3

In today's world of race to the finish (/ bottom) journalism, I think it should be mandatory for all publications to have an addendum to each article, which contains: * list of sources of information and original research conducted ( including names of interviewees, only anonymized with a justification, links, etc ) * a sign-off by a journalist (note: not supposed to imply responsibility or liability for accuracy of…

Seems like this would further accelerate the trend of news outlets being vanity or ideological projects for the most wealthy. Fewer outlets, less local news coverage, less competition in markets. It's not like they're raking in cash as is.

Re: France's AMF watchdog fines Bloomberg €5M over Vinci hoax

#54
post #3

In today's world of race to the finish (/ bottom) journalism, I think it should be mandatory for all publications to have an addendum to each article, which contains: * list of sources of information and original research conducted ( including names of interviewees, only anonymized with a justification, links, etc ) * a sign-off by a journalist (note: not supposed to imply responsibility or liability for accuracy of…

I'd be happy just if they were forbidden to change articles after publishing, and not say that.

Because currently, they post some bullshit news and create some random outrage. Then someone points at some bullshit claim in their article, and they just quietly change the article (remove the claim, add "allegedly", etc.), and act as nothing was wrong. Or in worst case scenario, they quietly remove the whole article.

Re: France's AMF watchdog fines Bloomberg €5M over Vinci hoax

#55
post #3

In today's world of race to the finish (/ bottom) journalism, I think it should be mandatory for all publications to have an addendum to each article, which contains: * list of sources of information and original research conducted ( including names of interviewees, only anonymized with a justification, links, etc ) * a sign-off by a journalist (note: not supposed to imply responsibility or liability for accuracy of…

Why regulate it? Why not let the people judge for themselves?

Because a lot of people(Grand majority, i include myself) are easily susceptible

Re: France's AMF watchdog fines Bloomberg €5M over Vinci hoax

#56
post #3

In today's world of race to the finish (/ bottom) journalism, I think it should be mandatory for all publications to have an addendum to each article, which contains: * list of sources of information and original research conducted ( including names of interviewees, only anonymized with a justification, links, etc ) * a sign-off by a journalist (note: not supposed to imply responsibility or liability for accuracy of…

Fascinating. So that’s how well-intentioned people kill the free press.

Regulations. How well-intentioned people kill every free thing.

Re: France's AMF watchdog fines Bloomberg €5M over Vinci hoax

#57

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 final…

> 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-manipulat....

Re: France's AMF watchdog fines Bloomberg €5M over Vinci hoax

#59
post #11

Do you remember the Bloomberg article about Big China Chip Hack? About Apple was been refuted, debunked, and ridiculed. See https://appleinsider.com/articles/19/10/04/editorial-a-year-...

This story is so odd to me. On the one hand, if true, all Bloomberg had to do was produce evidence; a single compromised server. They didn't. On the other hand, if the journalists fabricated the entire story, saying that all these big companies were hacked, why didn't anybody sue them? It was a major accusation! It just kinda...disappeared.

And Bloomberg never retracted it. It’s still up on their site. Not even an editors note acknowledging the criticism.

I agree it’s all very odd. I wonder if we’ll ever get the story behind the story.

Re: France's AMF watchdog fines Bloomberg €5M over Vinci hoax

#60
post #3

In today's world of race to the finish (/ bottom) journalism, I think it should be mandatory for all publications to have an addendum to each article, which contains: * list of sources of information and original research conducted ( including names of interviewees, only anonymized with a justification, links, etc ) * a sign-off by a journalist (note: not supposed to imply responsibility or liability for accuracy of…

You don't need all that, you only need legal repercussions for inaccuracy. I understand there are European and Asian countries with laws like this? Is anyone familiar with how often such incursions are prosecuted?
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