A while back, Bloomberg breathlessly reported a story about Apple, Amazon, and other tech companies. According to its reporting, a Chinese firm was putting chips in American tech products that could lead to spying.
There’s just one problem. The story was not true. In fact, one of the sources said Bloomberg mischaracterized his statements. Additionally, the tech companies and the United States government all explicitly and in no uncertain terms made clear the story was wrong.
Apple strongly condemned it. The governments of the US and UK repudiated it.
Oh, there was no chip either.
Bloomberg has continued to stand by this thoroughly discredited story. It is doing so again after ruining a man’s life.
Bloomberg reporter Benjamin Penn wrote a scathing article on a Department of Labor employee named Leif Olson. Penn claims Olson is an anti-Semite and has the Facebook posts to prove it. There’s just one problem — Olson was actually mocking white nationalists. Even progressive activists and reporters are criticizing Bloomberg.
Nonetheless, Olson was taken off the Department of Labor organizational chart and pushed out the door for the false reporting.
Penn went on to gloat on social media that the Department of Labor was now short a man when trying to roll back or change regulations that would benefit businesses.
In fact, Penn’s reaction seems to make it clear he was malicious in his reporting to begin with. A man has lost his job, Penn’s reporting is demonstrably wrong, and Bloomberg’s response is that it stands by its reporting.
President Trump often characterizes the media as the enemy of the people. It is really hard to say he is wrong in the case of Bloomberg. It has gotten multiple major stories demonstrably, harmed the reputations of American companies, cost a man his job, and stands by its demonstrably wrong reporting.
Bloomberg is harming other news outlets with its behavior.