> There’s also a discomfort about just how much information and data Bloomberg has through the terminals. In 2013, Bloomberg News reporters were caught using the terminal to get subscribers’ information and monitor when they logged in and what they were using it for. Bloomberg admitted that it was commonplace for reporters to have access to “limited client information,” apologized, and said it had changed its system.
That's not inaccurate, but it minimizes the impact of this scandal. It's not as if this was just a couple of bad apples who got caught. The reality is more ethically questionable.
Follow-up by the Atlantic: "reporters at the company were for years not only permitted, but frequently and forcefully encouraged, to monitor Blomberg's terminal customers for news" ; "... he used the function to surreptitiously track the movements of the CEO of Fiat as he traveled across the United States."
https://www.theatlantic.com/national/archive/2013/06/bloombe...
Terminal customers also included news agencies, their competitors.