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> More than 320,000 people around the world — mainly traders, analysts, and brokers — pay about $24,000 a year each to use the Bloomberg Terminal to access real
by stubborn_d0nkey 8y ago
> More than 320,000 people around the world — mainly traders, analysts, and brokers — pay about $24,000 a year each to use the Bloomberg Terminal to access real-time market data, communicate with other users, get the latest news, pull company data, and more.
> Assuming minimal discounting, that would make the terminal a more than $7B business alone.
The numbers do not fit 320,000 * 24,000 is over 700B.
- IvyMike 8y agoPlease double-check your math. https://www.google.com/search?q=320%2C000+*+24%2C000+in+words https://www.google.com/search?q=320%2C000+*+24%2C000+in+word...
- romwell 8y ago>The numbers do not fit 320,000 * 24,000 is . . . Here's a mental math flow for this estimate: 320,000 * 24,000 =(320 * 24) million (let's deal with the easy zeros first) ~=(300 * 20) million (underestimate) =(600 * 10) million = 6 billion (very roughly). Another flow: (320 * 24) million ~=(320 * 25) million (overestimate) =(80 * 100) million =8 billion. So we have a number between 6 and 8 billion, 7 sounds about right.