Bloomberg fined nearly $6 million for reporting fake news
Posted On: Dec. 17, 2019 5:55 AM CST
France's financial regulator has fined U.S.-based Bloomberg LP €5 million ($5.6 million) for inadvertently reporting a fake news item that triggered a plunge in the shares of French construction firm Vinci SA and wiped billions off its market value, TRT World reported citing Agence France-Presse. The regulator said Bloomberg did not verify the information before publishing it.