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The Boston Globe

Business

Snooping fallout raises ethics flag

NEW YORK — Launching his namesake company’s news division in the 1990s, Michael Bloomberg largely rejected long-held rules of the journalism trade that insist on keeping thick firewalls between reporters and the profit-making workings of their companies.

Now, a byproduct of Bloomberg’s widely admired and novel business model has ensnared his company in a problem of its own making. But the uproar — revolving around specialized computer terminals unknown to most news consumers, and the reporters who tapped into data showing how high-powered Wall Street customers were using them — is potentially about much more than Bloomberg.

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