A page<\/a>\u00a0for the company on the Bloomberg News website lists the correct phone number and website but there are no stories from November 2016 about Vinci. It\u2019s not clear if the company ever apologized for pushing the false information.<\/p>\nAMF, said that Bloomberg News distributed \u201cinformation that it should have known was false.\u201d<\/p>\n
\u201cIn considering that Bloomberg LP disseminated information which it should have known to be false, the Enforcement Committee noted that the publication of the dispatches by Bloomberg, which began one minute after receiving the fraudulent news release, was preceded by no verification by the journalists of the Speed Desk, even though the release, which contained several errors, sent to Bloomberg during a trading session and reporting very serious information, suggesting that a dramatic and immediate drop in the share price was likely, required increased vigilance from the journalists,\u201d it said in a statement.<\/p>\n
Ethics in journalism requires verifying information prior to publication, which the outlet didn\u2019t do, AMF said.<\/p>\n
\u201cThe Committee stressed that the protection enjoyed by journalists is subject to the condition that they act in good faith so as to provide information that is accurate and credible,\u201d it stated. The watchdog said that Bloomberg News could appeal.<\/p>\n
The fine was the first levied against a media outlet in France, according to the Financial Times.<\/p>\n
In a statement sent to news outlets, a spokesman said Bloomberg News would appeal and tried portraying the outlet as a victim.<\/p>\n
\u201cBloomberg News was one of the victims of a sophisticated hoax, like the company that was directly targeted by the fraudsters, and the many other press agencies who were all victims of the same deception,\u201d the statement said.<\/p>\n
\u201cWe regret that the AMF did not find and punish the perpetrator of the hoax, and chose instead to penalise a media outlet that was doing its very best to report on what appeared to be newsworthy information. \u201c<\/p>\n
___
\nhttps:\/\/www.theepochtimes.com\/bloomberg-news-fined-over-7-million-for-fake-news-report_3182764.html<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"Bloomberg News Fined Over $7 Million For Fake News Report In France<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2364","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/2364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2364"}],"version-history":[{"count":0,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/2364\/revisions"}],"wp:attachment":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2364"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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