Their data is so good that organizations will definitely pay them just for that, just like they pay for other data vendors without social features too. It's a s

Their data is so good that organizations will definitely pay them just for that, just like they pay for other data vendors without social features too. It's a staple for research quants, but they often won't use it on a daily basis, there might even be just one terminal available for a whole team. How important those clients are for Bloomberg I don't know, but it shows that they have a lot more going for them than just network effects.