Yes, I once drank the Bloomberg Kool-Aid
National Public Radio’s David Folkenflik interviewed me Monday afternoon about the culture at Bloomberg News that would allow reporters to access personal information about some of its clients — the main crux of the scandal that has now enveloped the company. You can listen to Folkenflik’s segment from “All Things Considered” here. You’ll get a […]
Why the Bloomberg scandal is overblown
Heidi Moore, a U.S.-based business journalist for The Guardian in London, breaks down the Bloomberg snooping scandal and concludes that it’s much ado about nothing. Moore writes, “So it’s important to separate some key points, around this: were Bloomberg reporters illegally or unethically using the information available to them? And if so, did it drive […]
Former SEC head calls for independent review of Bloomberg
An independent review is needed after Bloomberg‘s admission that its reporters had access to some proprietary client information on its data terminals, former SEC Chairman Harvey Pitt told CNBC on Monday. Matthew Belvedere, a producer for CNBC’s “Squawk Box,” writes, “The admission indicates an oversight failure at the company, said Pitt, who was chairman of […]
Bloomberg needs to release data about its reporters
Arik Hesseldahl of All Things D, a former Bloomberg reporter, believes that Bloomberg News needs to release the data of how often its reporters used the functions that allowed it to see information about its clients. Hesseldahl writes, “How many reporters used the Z function — a software command that displays whether or not a […]
Bloomberg user notes leaked online
More than ten thousand private messages sent between users of Bloomberg’s financial terminals have leaked online, report Daniel Schafer and Andrew Edgecliffe-Johnson of The Financial Times. Schafer and Edgecliffe-Johnson write, “The leaked messages were uploaded to the internet by Steve Raaen, then a Bloomberg employee, while he was working for the company on a data-mining […]
Bloomberg reporter leaves to write book
Nina Mehta, who covered exchanges and trading for Bloomberg News, quit her job on Friday to write a book about her beat. “I left Bloomberg News to write a book about what I’ve been covering for more than a decade: the structure of U.S. equity markets and how it’s changed over the last 15 years,” […]
WSJ, Bloomberg win awards from Silurians
The Wall Street Journal is the winner in the business and financial category of the Society of the Silurians‘ 2012 Excellence in Journalism Awards Competition. Jean Pulliam, Rob Barry and Jean Eaglesham of the Wall Street Journal won for their exhaustive six-month investigation that uncovered insider trading by a thousand corporate executives who traded stock […]
I know when you logged in last summer
Hilary Sargent has a site called ChartGirl where she makes charts explaining complicated news events. The site has been named to Time’s 50 Best Websites of 2013. A bunch of the charts are about media-related news, including one she posted Sunday on the Bloomberg spying scandal. See a larger version here.
Bloomberg’s Winkler: Error is inexcusable
Bloomberg editor in chief Matt Winkler writes that the error allowing the news service’s journalists to see information about its clients on its terminals is “inexcusable.” Winkler writes, “As we’ve grown, and as data privacy has become a central concern to our clients, we should go above and beyond in protecting data, especially when we […]
An important milestone in Bloomberg’s maturation
David Schlesinger, the former editor in chief of Reuters, writes about the Bloomberg scandal where his former rival has been criticized for allowing its reporters to access information on how Wall Street bankers are using their Bloomberg terminals. Schlesinger writes, “One is what everyone has been focussing on: the fact that Bloomberg in addition to […]
