Bloomberg admits to snooping scandal

Reporters had access to customer information on company’s data terminals

Bloomberg is at the center of a new data-snooping scandal.

Rumors began swirling last week that Bloomberg’s reporters have long accessed client data—including contact information and login activity—through the company’s financial data terminals. More than 315,000 subscribers, including traders, regulators and bankers, rent the terminals for $20,000 a year. Last month, Goldman Sachs complained to Bloomberg that its reporters were violating customer privacy.

Ashley Post

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