May I Violate Your Space?
R euters was a bit late to embrace the Internet for its core franchises and now wants it known that it gets it. Loud and clear. Sure, Reuters lagged Bloomberg on instant messaging and failed to gain traction with "Reuters Mail" but, as CEO Tom Glocer recently asserted, Reuters invented the UGC phenomenon 50 years ago by getting contributed data from some of its customers and selling it to others. Now Reuters is talking about creating a financial MySpace. "It won't have the latest hot videos and the 'why I am into Metallica and the Arctic Monkeys' blogs," Glocer tells the Guardian. "Instead we are going to give our financial services users the ability to post their research or if they are traders, their trading models." And then there was this other money quote: "People don't want to have 100 friend requests from teenage girls in Florida if they are trading the credit derivatives market, but they probably are interested in b...