TheStreet.com media critic Marek Fuchs writes Wednesday that it’s traders that often influence how the business media cover a story.
“Hot on its heels, also clocking in at 4:06, came an equally enthusiastic headline from paidcontent.org: “Earnings: Amazon Q3 Sales Jump 41 Percent; Income Soars.” The lead said it all: ‘The market was expecting big things from Amazon, and the company has delivered.’
“End of discussion, huh? Not exactly. See, Amazon was dropping in after-market trading. So by 4:26, we got this headline and subhead from CNNMoney.com: ‘Amazon: Good but not good enough. Web retailer’s earnings climb 313% from last year, citing low prices and free shipping; but stock falls after-hours.'”
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