Bloomberg News was fined $7.6 million, or five million euros, for reporting fake news that caused shares of French construction company Vinci to tumble.
Two journalists on the Speed Desk of the Paris office of the outlet, owned by Democratic presidential contender Michael Bloomberg, reported on Nov. 22, 2016, on a press release that was purportedly from Vinci, according to AMF, a financial markets watchdog in France.
