The Verge editor in chief Nilay Patel spoke with CNBC anchor Jon Fortt about his job.
Here is an excerpt:
Do you actively think about how much the minute-to-minute content of CNBC moves the markets in real time, as you are producing the news?
I try to act as if the real-time content on CNBC might move the markets, but I don’t flatter myself enough to think that it really does. I mean honestly, the stuff that you guys publish on The Verge probably has more market influence in many cases than a lot of the stuff that we do on CNBC. But I think it’s incumbent on us to hold it as a sacred trust, the fact that investors, companies, people in the markets are depending on us for accurate, real-time information. So I don’t know to what degree what airs on CNBC moves the markets, outside of it being breaking news that’s material to a company — yes, that clearly moves. I don’t know. But I try to act as though it does.
Read more here.
