Cheating on the part of contestants has forced TheStreet.com to cancel the first round of its popular game, Beat the Street, due to possible cheating. The game offered a $100,000 prize. This is the second heavily marketed game that has run into trouble with cheating. Recall that CNBC's contest, which offers a $1 million prize, has also drawn controversy over charges that some contestants effectively traded after hours based on same-day results. CNBC has hired outside investigators to look into the problem. It's unclear exactly what is at issue with TheStreet's game. It's kind of a sad commentary on the willingness of rank and file investors to bend the rules, if that is what happened. Ethical lapses are not limited to the Enrons of the world.
Our take on this news: As if we didn't think the TheStreet.com could pull off anything honest in the first place. Should anyone be surprized about this? Not us!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment