ABC's Fake News Tanked the Market Yesterday
Timothy Meads
Posted: Dec 02, 2017 10:00 AM
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.
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READ MORE: https://townhall.com/tipsheet/timothymeads/2017/12/02/abcs-brian-ross--crashed-the-market-n2417149
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