Investigative reporting gone bad

Posted on October 28, 2006 by mngiadmin

“Sharesleuth.com, bankrolled by billionaire Dallas Mavericks owner Mark Cuban, debuted in August with an unlikely mission statement: to enrich Cuban by rooting out wrongdoing inside publicly traded companies he has shorted. Investors who take a short position on a stock are betting that its price will go down. The site’s first target was Xethanol Corp., a New York-based ethanol company.”

Part of our challenge online is how to create revenue. Some reporters have migrated with the backing of investors like this one. This is not advocacy journalism at its best, but ‘gotcha’ reporting at its worst and slimes all of us.

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