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Bloomberg News likely does not make money (I.e. a profit). The terminals do and very likely subsidize the news. If the News side makes money, it’s likely beca
by thawaway1837 7y ago
Bloomberg News likely does not make money (I.e. a profit).
The terminals do and very likely subsidize the news.
If the News side makes money, it’s likely because they get to share all the administrative costs with the terminal side.
- cgb223 7y agoWhat’s a terminal in this context?
- bransonf 7y agoProbably referring to the Bloomberg Terminal [0] as in the hardware/software product that offers real-time economic data and enables a large portion of the market’s electronic trading. [0] https://en.m.wikipedia.org/wiki/Bloomberg_Terminal https://en.m.wikipedia.org/wiki/Bloomberg_Terminal
- deleted 7y ago[deleted]
- odyssey7 7y agoIt's a computer Bloomberg produces with access to data, news, and tools used by workers in the finance industry. A subscription for one is around $20,000 per year, and there are currently 100,000s of active subscriptions.