Belfast Telegraph

UK Website Of The Year

Gagging the gossip in business isn't worth it

By David Elliott

Published 25/05/2011

Super-injunctions? Surely they're only to cover up the misdemeanours of superstar footballers?

But maybe the struggling economies of the eurozone will consider their use to cover up their indebtness.

Now that would make some interesting headlines but while the current revelations in the entertainment sphere have shown that social media can now overrule news from trusted sources, the markets would brush such inconveniences off with barely a shrug.

Financial markets have had their own social media structure ever since Mr Dow and Mr Jones produced their first Wall Street newsletter.

Gossip and news can spread around the stock exchanges in London, New York and Singapore like wildfire, often well before it appears in print and often with enough credence to move share or money prices.

Super-injunctions are already in place in the form of a regulated news service, but news still leaks. It always will.

Belfast Telegraph

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?

Read More

From Belfast Telegraph