Forbes.com columnist Gary Weiss jumped on the investigative business journalism site ShareSleuth.com again, wondering why the site hasn’t written more stories and why it’s focusing on one company.
Weiss believes that’s because the site is being used to promote the investments of its majority investor, Mark Cuban.
Weiss wrote, “Sharesleuth.com slammed Xethanol for the third time the other day, proving yet again the difference between a billionaire’s private insider-trading tinker-toy and a genuine investigative reporting outlet.
“A genuine investigative reporting vehicle on the stock market (or a genuine investigative markets reporter like Herb Greenberg or Chris Byron) would have found more than two interrelated, marginal stocks to ‘investigate’ in a four-month period.
“A billionaire’s private insider trading vehicle, caring not a fig about the public interest, is free to pursue its owner’s profit to its heart’s content — in this case by again slamming a company it has already beaten into the ground.”
Read more here. Weiss notes that the comments on the site have made Cuban defensive.
OLD Media Moves
Where's the journalism at ShareSleuth?
December 14, 2006
Forbes.com columnist Gary Weiss jumped on the investigative business journalism site ShareSleuth.com again, wondering why the site hasn’t written more stories and why it’s focusing on one company.
Weiss believes that’s because the site is being used to promote the investments of its majority investor, Mark Cuban.
Weiss wrote, “Sharesleuth.com slammed Xethanol for the third time the other day, proving yet again the difference between a billionaire’s private insider-trading tinker-toy and a genuine investigative reporting outlet.
“A genuine investigative reporting vehicle on the stock market (or a genuine investigative markets reporter like Herb Greenberg or Chris Byron) would have found more than two interrelated, marginal stocks to ‘investigate’ in a four-month period.
“A billionaire’s private insider trading vehicle, caring not a fig about the public interest, is free to pursue its owner’s profit to its heart’s content — in this case by again slamming a company it has already beaten into the ground.”
Read more here. Weiss notes that the comments on the site have made Cuban defensive.
Full-Time
Colorado Springs Biz Journal seeks a reporter
October 17, 2024
Media News
FT hires Stylianou as visual storytelling reporter
October 17, 2024
Full-Time
Bloomberg seeks a team leader for leveraged finance
October 17, 2024
Media News
Variety lays off three from newsroom, including deputy editor
October 17, 2024
Media News
Leventhal departs WSJ for NY Times
October 17, 2024
Subscribe to TBN
Receive updates about new stories in the industry daily or weekly.