Mark Cuban defends new way of doing journalism

Mark Glaser looks at Mark Cuban's latest maverick project, Sharesleuth.com.

The site's editor Chris Carey (formerly of the St. Louis Post-Dispatch) investigates sketchy business practices at companies and digs up dirt on them mainly from public sources. The business model for Sharesleuth is unusual in that Cuban will take positions in the companies covered. He shorted the stock for Xethanol before Carey's expose came out, hoping to eventually fund Sharesleuth through these stock positions.

But journalists and financial bloggers have cried foul, saying while Sharesleuth's business model might be legal, there are conflicts of interest with betting on the subjects of your investigative journalism. Cuban denies there are ethical problems, and says he's not out to manipulate the market, and defends his new way of doing journalism.

Aug 22, 2006 | E-MAIL | SAVE | PRINT | PERMALINK | DISCUSS(0)

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