I feel like a tech company like AWS could give them a run for their money. Thoughts? (No disrespect to Bloomberg) @Bloomberg @Amazon @Google
Lmao chill
Users use things because they use them. Trying to disrupt things is difficult, especially when people have used the tools for 40+ years. Even trying to make a small UI change in the terminal (moving a button from the top to the bottom) is impossible, now try telling the users they need to use an entirely new product.
But they aren't finance people who've used the same terminal for 40 years. Customers forced engineers to undo that UI change. There was also a facelift prepared for the terminal that billions of dollars got poured into (and was honestly better in every way, both UX and tech wise), and that was canned. Bloomberg can't even disrupt itself without customers freaking out, how are other people going to do it? 🤷♂️
You don't understand the business model if you think the data is what customers really care about. The delayed data is available for free already on the internet, the real time data can be paid for. Hell, Reuters has a much better data pipeline than Bloomberg can ever hope to offer. The terminal is what drives revenue. Institutional investment firms have always been, and will continue to be, the target demographic.
You can get the same market data for free from free alternative but require some integration work around. But analyst and sell side people don't like change. Hence bbg keep collecting that fat 12k per annual sub.
Isn’t it 24 lol, 2 a month
You think these 50 year old wall street boomers have time to learn something new?? Think realistically. Not everyone is a young lad
Not sure how AWS would be well positioned to collect and analyze market data .. Google maybe .. search everything, but you still have to separate the noise from the data
People continue to subscribe to Bloomberg for the network it provides. Imagine Facebook but for finance.
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What about factset?