Posted on 12/02/2017 1:40:44 PM PST by Kaslin
Yesterday, Guy updated his story to reflect ABC's costly mistake reported by Brian Ross. Ross falsely reported that "candidate" Donald Trump instructed Gen. Michael Flynn to contact the Russians. In reality, it was "president-elect" Donald Trump. That is a huge difference. Guy summed up the basic problems such false reporting creates below:
"With faith in the press in crisis, these bad errors don't help close the credibility gap, particularly among people who already believe the media is out to get Trump. It took ABC far too long to fix this mistake, especially since other news organizations were reporting accurately on this timeframe issue (again, see below). And blaming it on one source misspeaking suggests that they didn't have a corroborating second source -- a journalistic best practice -- who could have cleared up the mistake before it was put on-air and online."
ABC waited nearly 7 hours before correcting the mistake. Now, we know just how much of an impact this fake news had on the economy.
ABC News falsely reporting key facts in today's news on #Flynn led to billions of dollars lost in financial markets. pic.twitter.com/z8tLtMIWq9— Ryan Saavedra ???? (@RealSaavedra) December 2, 2017
ABC's eagerness to be the first to report on a news story led to their error. The desire to be one step ahead of the game sacrificed careful attention to detail. The media, especially a platform as large as ABC, has an immense responsibility to the nation. When that responsibility is neglected for the sake of ratings, bad things occur. Yesterday, we saw the financial market tank by nearly 400 points because of this media malpractice.
It is no surprise then that numerous people are not satisfied with ABC's measly apology.
.@ABC “news” owes it viewers an apology. Calling false reporting a “clarification” is a cop out and just another reason for the decline in trust of the media— Sean Spicer (@seanspicer) December 2, 2017
Blunders like this are why so few trust media and it is wrong to describe as merely a clarification-it is a correction to a sloppy reported story that conveyed a sinister narrative https://t.co/5cHVbBvLIn— Greta Van Susteren (@greta) December 2, 2017
To the network's credit, numerous people at CNN resigned after their news team ran a false report linking former White House communications director Anthony Scaramucci with Russian operatives. It will be interesting to see what steps ABC makes to repair their relationship with the public, and for that matter with the truth.
But as Alana Mastrangelo notes, many of the general public may not even be aware of the false reporting.
The thing is, many ppl don't live & breathe politics. Many ppl get their info from big headlines, & they move on.
So when ABC puts out #FakeNews & "corrects" it later, ppl aren't paying attention. The fake story was enticing; the real story is not.— Alana Mastrangelo (@ARmastrangelo) December 2, 2017
It's beyond crisis....they're self destructing....
Monday, there’ll be a Wall Street rally, since the “error’s” been exposed. If you got it to invest, BUY!
The NYSE ought to sue him. NASDAQ, too.
This is the stockmarket’s fault for being such a bunch of emotional snowflakes.
Not a bit of reasoned deliberation in the bunch of them.
Someone says “Boo” and they void their bowels & bladders.
If the SEC had a lick of sense, they put a dampener mechanism in place.
(See “Trading Places”)
Yes, ABC is stupid/malevolent, but the market should not be subject to knee-jerk reactions to either Fake News or Real News.
It was in crisis last year. This year, it’s dead.
most surprising is that abc has viewers that believe them
Yes, greater government intervention will improve things.
This is not just fake news. It's hateful fake news. These are the kind of people who would rather the whole nation go down in flames, than for them to have to join the anonymity that most of us whose voices they've ignored embrace while we try our best to live credible lives.
I doubt the story is really this simple. I bet the cia/controllers used the news to make money by being able to buy in lower and make money on some shorts. They do this all the time.
An investigation and perhaps a special counsel are needed to see if ABC employees profited from the stock market crash they caused by their false reporting.
Rush mentioned, that it’s “only ABC reporting, and this Ross was the guy who fingered an innocent citizen for a mass murderer.”
So I relaxed after hearing that, and stocks went back up.
Soros has used the FUTURES market several times already to (1) gain huge fortunes and (2) ruin those countries bonds and currencies. Look for the money. Who can win next time it happens?
yup. Take over the so-called news org.
And, political “insiders” as well, since the $hitheads n Congress are free to do this.
From Fox News:
ABC News announced Saturday that Chief Investigative Correspondent Brian Ross would be suspended for four weeks without pay over a botched “exclusive” about former national security adviser Michael Flynn.
Slap on the wrist.
Yup
Generally, less government is best. However, falsely shouting “FIRE” in a crowned theater or having the National economy vulnerable to rumors or emotional ‘group-think’ both need to be controlled.
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