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315,000 subscribers paying north of $20,000 per year, as of 2013.[0] Whoa. [0] https://qz.com/84961/this-is-how-much-a-bloomberg-terminal-costs/ https://qz.com
by rl3 10y ago
315,000 subscribers paying north of $20,000 per year, as of 2013.[0] Whoa.
[0] https://qz.com/84961/this-is-how-much-a-bloomberg-terminal-costs/ https://qz.com/84961/this-is-how-much-a-bloomberg-terminal-c...
- dirtyaura 10y agoIt's interesting to think about from a different angle: Paul Graham once wrote that "information wants to be free", and that there are very few areas in which you can make a significant revenue by selling information, financial information being the exception. $6B ($9b) seems to be the upper bound of revenue for an information product (company). And Bloomberg has unusually wide moat.
- mistermumble 10y agoMinor correction: it was Stewart Brand (of Whole Earth Catalog fame) who said "Information wants to be free". Paul Graham may have quoted it -- along with a multitude of others, since it was first uttered in 1984. Actually turns out the original quote attributed to Brand is not quite right. There is a qualifier ("Information almost wants to be free"), but that qualifier dropped off along the way. See http://www.digitopoly.org/2015/10/25/information-wants-to-be-free-the-history-of-that-quote/ http://www.digitopoly.org/2015/10/25/information-wants-to-be...
- dirtyaura 10y agoThanks for the correction! I recall that I learned the phrase from pg's writing or talk, and it has stuck with me since so I mistakenly attributed it to pg.