CNN idiocy causes stock to fall

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This kind of bad journalism really ought to be prosecuted. It’s one thing to get facts wrong, or even to Dan Rather the facts. But allowing a deliberate hoax to get through - without verification - that interferes with financials? That’s so many kinds of wrong.

Of course maybe it’s not really any worse than how NBC and Tom Brokaw ruined poor Richard Jewel’s life. The money the media paid to Jewel doesn’t make up for what he went through. And he’s dead now, so it’s not like he can spend it.

So what happened at CNN? One of their “citizen journalists” posted that Apple CEO Steve Jobs had a heart attack, and Apple stock fell as much as 5.4 percent. (Warning: when I clicked to get to Bloomberg, it hijacked my page, sent me to a site saying I had spyware and needed to download its fix, plus resized my browser into fubar mode. Thanks, Bloomberg. You’re a tool, too.)

Sometimes it’s hard to write logically about the media because it’s become such a huge joke.

And if you want my opinion, the downfall revved up when CNN was born. Let’s thank Ted Turner.

I’ve heard that he’s a lousy tipper, too.

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One Response to “CNN idiocy causes stock to fall”

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